IMA - Image Resources
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Added @ 0.185 today
Must be worth something if the CCP has been trying to steal it
Besides it's had a good franked dividend last 2 years, although there might be a hiatus while they use funds to shift operations. Love the management.
Don't follow the Zircon price, seems stable from what I can make out, but a very investigative poster I follow elsewhere expects a bump in price and good translation to weak AUD.
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Must be worth something if the CCP has been trying to steal it
Besides it's had a good franked dividend last 2 years, although there might be a hiatus while they use funds to shift operations. Love the management.
Don't follow the Zircon price, seems stable from what I can make out, but a very investigative poster I follow elsewhere expects a bump in price and good translation to weak AUD.
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A West article I found dated 29 Apr 2022.
I forgot to mention their recent tenements expansion for long life and their robust cash standing. Also I've read elsewhere that they have an ample inventory of ready to ship concentrate to tide them over the transitionary phase to the new site of operations at Atlas.
thewest.com.au
I forgot to mention their recent tenements expansion for long life and their robust cash standing. Also I've read elsewhere that they have an ample inventory of ready to ship concentrate to tide them over the transitionary phase to the new site of operations at Atlas.
Image scores fruitful quarter at WA mineral sands project
Image Resources has navigated another challenging quarter at its Boonanarring mineral sands project. The average realised price per tonne of its heavy mineral concentrate set a new quarterly record.
thewest.com.au
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IMA up 11% today.
Down 56% on this one.
Looking like it might have made a base. Bit more positive volume coming in over the last month.
Maybe some have reason to believe that the transition to fresh mineral sands ground ('Atlas') will be achieved before the company runs out of cash? They're burning it currently as the old ground is mined out and I think they were also waiting on some regulatory approval?
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Down 56% on this one.
Looking like it might have made a base. Bit more positive volume coming in over the last month.
Maybe some have reason to believe that the transition to fresh mineral sands ground ('Atlas') will be achieved before the company runs out of cash? They're burning it currently as the old ground is mined out and I think they were also waiting on some regulatory approval?
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EPA green light after a tortuous delay for the company. Now mostly only awaiting ministerial rubber stamp. Company guides for cash rolling in from new site of operation in 1st Quarter 2025. Extant offtake agreements to continue.
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News leaking? Or maybe the confident tone of the 11 Oct sustainability report is seen as a message by some.
Two strong closes and a gap up.
I'm still thinking of it as a race against time as they transition from one completed mineral sands project to a new one. Dead period as far as cash coming in and will they run out? Moving is costly and there has been bureaucratic inertia. I'll never buy this sort of small single operation company again.
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Two strong closes and a gap up.
I'm still thinking of it as a race against time as they transition from one completed mineral sands project to a new one. Dead period as far as cash coming in and will they run out? Moving is costly and there has been bureaucratic inertia. I'll never buy this sort of small single operation company again.
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