IMD's profits ought to have been hit under these circumstances. Need to take a view of their longer term prospects IMO, and through the cycle too. Low AUD support will certainly help. However it is likely that producers cannot go on a capital strike for very long, and if 10% of work evaporates, that leaves 90%. I'm plannign to buy more at 25c and 20c, if it goes that far - but am very glad to have my position. I feel confident I'll be able to sell over $3 at some stage in the next decade. So forgive me if I am not overjoyed at a slight rise in SP
Everybody panic and sell please!!! Do me a favour - ;-)
IMD Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
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