IMA 1.37% 7.4¢ image resources nl

Thank you Bearman.Very beneficial to get this kind of insight...

  1. 578 Posts.
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    Thank you Bearman.
    Very beneficial to get this kind of insight from MD himself.
    He speaks very positively about the future potential of Image and I must say the company's prospectiveness excites me greatly.

    - another Dividend to be paid in less than 5 months
    - No debt
    - High profitability
    - LOM being extended with new new projects (Atlas & Biddimina)
    - 2 projects to operate in parallel (meaning market cap can double on profitability alone)
    -Low cost to move to Atlas (circa $25m)
    - Low cost exploration
    - King Gold Project (hardly talked about by company, little value ascribed to this project)
    - intention to stay small-medium sized company - opposite to Tronox and ILU
    - actively looking at existing projects in Mineral sands and ore production in AUS

    I am given plenty of insight by a certain individual who speaks with company regularly and the company's conservativeness is what excites us most. They don't aim to sell hot air and overemphasise and overpromise on future potential of the company. This story makes for a low risk (safe) / high reward purchase.

    By far my largest portfolio holding and will be adding more tomorrow..
 
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7.4¢ 7.4¢ 7.3¢ $8.577K 117.4K

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