Hewjet I think the opposite. What's keeping Imdex alive is the very technology you are talking about. This technology has allowed cost savings to those that use it and is giving Imdex a competitive advantage. The mining sector downturn is something Imdex cant do anything about. Keeping ahead with it's technology was and is a priority of Imdex and its already showing signs of paying off despite an industry wide slowdown. Bernie Ridgeway sums it up.
“Our minerals divisional revenue was up 13 per cent on the previous year and as at August 31, we are tracking to plan, largely due to growing demand for our technologies and their ability to reduce costs and increase efficiencies for our customers.”
Cheers
Fishy
IMD Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
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