In Sept, Morning Star put out a research report that measured IMA at FV of 14.5 C. The SP moved to that figure in the following week, however the SP then dwindled back to 10c in the months after, due to the Dow correction. If the Dow is now recovering (or at least stabilising) we should see Image return back to that figure over the next few weeks (14c). The next major ann which cannot be too far away, should be talking about shipments and cash (production) which moves IMA out from the 'speculative' range and brokers start to take more interest. If the ann is positive then we should see the SP move to the magic 20c in line with other existing broker reports that put a productive IMA in the low 20s ranges.
With IMA then recognised as a producer, and with positive cash flow, newer broker assessments will start to seriously take into account future development and growth potential....from which a new FV gets established.
2019 should be a big year for IMA?... lets hope so.
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