As they have pointed out in the last two reports, they are very well leveraged to a continuing recovery in the minerals cycle. It is clear that money is now flowing again to explorers, to drill rigs and into Imdex revenues for instruments and drilling fluids. etc.
At this point in the last cycle (or indeed the last two cycles - 2006 and then 2010) the IMD share price went to $2 over the course of a few months. Equivalent to ~$1.50 now due to dilution.
I think this is likely to repeat as mining industry confidence builds again.
IMD Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)