A stockpile of 70K odd HMC does not put IMA in a good position to improve on the $515/ton* received in the Mar Qtr ( Forecast $585/ton) given that the Chinese offtake customer balked at the expected April shipment .
Management's excuse : We were too successful in our ramp-up which caused our "full production offtake partner" to not accept an April shipment.
Sounds like pollyspeak, IMO.
IMO, the company should release the pricing formula for its HMC offtake deal; otherwise Mr Market may have reservations. The alternative, IMO,
is a published spot price sale and IMA has the stockpile to flog 40K ton on the spot market, IMO.
* This is low considering the above Zircon %age in the HMC sold.
A stockpile of 70K odd HMC does not put IMA in a good position...
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Last
8.2¢ |
Change
-0.001(1.20%) |
Mkt cap ! $92.08M | |||
| Open | High | Low | Value | Volume |
| 8.3¢ | 8.3¢ | 8.2¢ | $42.65K | 515.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 356630 | 8.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.5¢ | 202000 | 4 |
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| Last trade - 13.42pm 07/06/2024 (20 minute delay) ? |
| IMA (ASX) Chart |