I'm not feeling too comfortable with the volume of shares going through and feel that it is more likely the Chinese topping up to have their 51% secured. To lose face in their culture is a big thing and they have looked absolutely stupid as to how this has been handled to date. I am sure the big wigs in China have given orders 'clean up this mess or you will be 'chicken chow mein'. They've got the firepower and could buy IMA out of their petty cash tin. I'm thinking what happens after they have won the Board. Do they send us retail shareholders to outer Mongolia with a freeze out? Or do they move quickly with a TO for the shares they haven't already accumulated? Could be the latter, then they can privatize and loot and plunder as much as they like. I certainly won't hang around because their management skills are appalling.
IMA Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held
