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25/06/19

16:11

Post #: 39230186
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Originally posted by moorookamick: ↑

IMO, IMA will have to provide the market with a mid year update due to changes YTD to assumptions at the beginning of the year.
The 2019 forecast was for $40-50 mil EBITDA based on:
-240K ton of HMC including $60K ton Zircon (Zircon : 25%) @ an exchange rate of 74c USD/AUD

These assumptions have changed significantly, IMO:
-exchange rate is about 69c USD/AUD ( a 6.7% gain for IMA)
-much higher Zircon % in HMC
-quicker first 6 months ramp-up in production.
-Zircon price ( the money element in the HMC) slightly lower

While forward earnings by IMA is great, it is also important to update the market as the data YTD changes.

All IMO.

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I've said it before I'll say it again this company continues to over deliver. However they're very poor at keeping the market informed and it's looking deliberate. Announcements are key to share price growth.

IMA Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.0¢		Change 0.000(0.00%)		Mkt cap ! $89.84M

Open	High	Low	Value	Volume
8.2¢	8.2¢	8.0¢	$25.60K	312.2K

Buyers (Bids)

No.	Vol.	Price($)
3	467653	8.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.2¢	2945	1

View Market Depth

No.	Vol.	Price($)
2	67653	0.080
2	188000	0.079
4	236666	0.078
1	300000	0.077
3	75000	0.076

Price($)	Vol.	No.
0.082	2945	1
0.083	151504	2
0.084	100000	1
0.085	112000	2
0.086	100000	1

Last trade - 15.09pm 13/06/2024 (20 minute delay)

IMA (ASX) Chart