The Speculator has been singing the praises of IMA for a few years now, I think the markets just go bored with the repetitive nature of the resource upgrade announcements without much talk of converting it to a cash resources. Hopefully that will start to change.
The mini jump back up was inevitable, this has been way over sold. Remembering that it once traded at circa 250 with a much smaller resource base. IMA just needs to get noticed again so any and all positive media is going to be a nice booster.
I note with some pleasure the number of options that are exercisable next year at 180 and above. Given that many of these are presumably held by management there is plenty of incentive to get the SP running up to those levels.
I think things might just start to improve from here.
IMA Price at posting:
48.8¢ Sentiment: Buy Disclosure: Held
