Two comments:1. Not before time, should have been starting this...

  1. 1,469 Posts.
    Two comments:

    1. Not before time, should have been starting this ,months ago.

    2.Its statements about its ilmenite as an SR feedstock are a joke. It claims that IMA's ilmenite could be used to fill spare capacity at Iluka's and Tiwest's SR plants. Hence implying that these 2 operations could operate at higher rates if they had sufficient ilmenite feedstocks. What absolute garbage! Both operations have more than enough ilmenite to meet their immediate needs. Iluka has previously announced that in the longer term, it will ship ilmenite from its planned Eucla operation across to feed its Narngulu SR plant.Tiwest maybe has along term, limited need.
    At times when Iluka and Tiwest's SR plants are operating below capacity,which sometimes is the case, it is solely done to bring production into line with sales.
    The comment about U+Th levels is just padding.IMA' U+Th levels are no lower than other WA ilmenites.

    All in all it just reinforces my view that IMA just doesnt have a clue.
 
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7.2¢
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Mkt cap ! $80.31M
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