The presentation explicitly states they intend to continue with dividends. Which then means it doesn't matter if the stock has a multiples re-rate or not, either way if you hold you will get your returns from its current undervalued level. As long as management don't jump the gun and purchase something silly or get distracted too much with the gold play the next five years should be quite good with IMA. I'm pretty excited just to see how long the higher commodity prices will hang around for. Imagine getting through to next October at these levels.
The other exciting space that I hope Image takes a look at is what ILU and ACDC are doing with Monazite from their sand deposits and REE extraction. A lot has changed technologically in the space that is making once uneconomic deposits not only economic but likely having cheaper funding as they will be regarded as critical minerals.
IMA Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
