IMD imdex limited
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According to The Australian, Bain is selling 37m IMD shares at...

  1. vagabond84
    1,034 Posts.
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    11/03/17
    15:23
    Post #: 23273051
    According to The Australian, Bain is selling 37m IMD shares at 60c a piece. I am guessing IMD was given the option to cash settle the warrants but declined to do so.

    imo, probably a positive - the uncertainty surrounding the warrants is now removed. But 37m shares @ 60c seems quite a lot for the market to absorb, so large gains probably unlikely in the short term, unless metal prices explode upwards.
    IMD Price at posting: 62.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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$3.07 		Change
0.030(0.99%) 		Mkt cap ! $1.571B
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$3.02 $3.08 $3.01 $1.566M 512.5K

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No. Vol. Price($)
2 801 $3.06
 

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Price($) Vol. No.
$3.09 801 2
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