IMA 4.62% 6.8¢ image resources nl

got to be close to the bottem

  1. 214 Posts.
    I think we are close to the bottem, if not at it. I think the resource announcement was good. This is the very beginning of the story for Image. They are a takeover target with Directors holding so little now. I actually hope this does not happen, given their holdings which have not even been touched yet. They have plenty of mining to do which is high grade to surface. This will be mined first and be very profitable. The low-grade stuff always comes last.

    Bidaminna drilling must be close. It is 18km long and 500mtrs wide. I think it will be substancial.

    Who cares about the phosphate? I certainly don't.
 
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