IMA 0.00% 7.2¢ image resources nl

MZ claim that IMA Directors need replacing and their statement...

  1. 510 Posts.
    lightbulb Created with Sketch. 90
    MZ claim that IMA Directors need replacing and their statement seems to centre on comparing H1 2020 and H12021 EBITDA, but the analysis is shallow, nothing on FX rates, Zircon quality..... nothing on future of the company, debt repaid, $19M in divs, future strategy, mineral leases...presumably the current directors are ok on all that ? its just the decrease in 1H2021 sales price they claim is the problem well why dont they just pay more for the HMC then ? Are they saying that that their parent Chinese company is ripping us off ?

    Seems a bit rich comparing a profitable mine at Boonanarring with a mothballed disaster (which MZ closed because they couldn't make a dime) at Mindarie SA.

    Here's the sales and price in 1H2020.

    https://hotcopper.com.au/data/attachments/4084/4084128-fff335a63119cf33e9701c18e90ec46d.jpg

    Here's the sales and price in 2H2021.

    https://hotcopper.com.au/data/attachments/4084/4084131-cf7603ade5c018928e68ef25936a99e4.jpg

    Last edited by sharky1: 14/02/22
 
watchlist Created with Sketch. Add IMA (ASX) to my watchlist
(20min delay)
Last
7.2¢
Change
0.000(0.00%)
Mkt cap ! $80.85M
Open High Low Value Volume
7.2¢ 7.3¢ 7.2¢ $4.004K 55.47K

Buyers (Bids)

No. Vol. Price($)
2 144898 7.2¢
 

Sellers (Offers)

Price($) Vol. No.
7.5¢ 100000 1
View Market Depth
Last trade - 14.07pm 31/07/2024 (20 minute delay) ?
IMA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.