IMA 2.78% 7.4¢ image resources nl

On the other side an investor(s) got out of Image stock at this...

  1. 1,408 Posts.
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    On the other side an investor(s) got out of Image stock at this price just prior to the company going into production. This is hardly a vote of confidence. Of course there might be reasons for someone dumping a million shares, maybe they see a better short term bet out there or maybe the kitchen needs renovating. But I expected the share price to be approaching 20c at this stage.


    The market is not stupid. It knows production is coming and income with it. Is it that the profit is not there at current commodity prices? If Image is going to be the bonanza that some posters think then I would imagine Illuka would have taken them out at these prices. The longer the share price wallows at this level then the more cynical I become. I hope I am pleasantly surprised in the next months.


 
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