IMA 5.43% 6.8¢ image resources nl

trading halt, page-3

  1. 1,469 Posts.
    My guess is that the trading halt relates to some sort of an offer from Tiwest.

    Tiwest recently announced that it planned to increase its TiO2 pigment plant capacity by a massive 50,000tpa. That will require 55,000tpa of natural or synthetic rutile.There is no way that quantity could be satisfied from natural rutile sources.Tiwest already operates an SR plant at Muchea ( near Cooljarloo). To meet the extra SR demand, Tiwest would need an extra 94,000tpa ilmenite which would stretch its existing mineral-in-ground resources.I cannot see IMA setting up an HM mining and treatment operation.My guess is that Tiwest will make an offer for selected IMA tenements.

    But then I could be entirely wrong!
 
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