"It is understood Imdex is homing in on Norway-based Devico, a 30-year old core drilling services supplier to the mining industry and with a global distribution network."
I would be supportive as long as the target is not into actual drilling themselves. I hope they will have a nice tradeable rights issue or something fair to share-holders. Placements stink for the future share price, as you worry you will be diluted again in the future. However the BOD and management have been making great decisions - even with hindsight in the time of troubles in 2015 and 2016 when I was lucky enough to have bought in.
IMD Price at posting:
$2.47 Sentiment: Buy Disclosure: Held
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