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IMA - Image Resources

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Tukker said:
Placement for 3 mil, i think everyone was expecting this.

55cents, lucky sophisticates.

Wonder if we are gonna see a weakening of the price now.
Click to expand...

mmm, good timing George, a nice bit of news to hold her up. Now, when does George get paid out? I would love to know. I offloaded a few the other week at 60c based on my thoughts on the market in general. Was hoping to pick some back up at 50c, but the news from Image is as usual, always good.
 
image resources is performing strongly this morning, up approx 18% on very large volume (for image)

recent placement @ .55, currently @ .745

recent movements in substantial holders (pontian a malaysian entity recently picked up @ the .55 placement)

cheers
 
seems it just got the big thumbs up from Fat Prophets, and David Hasslehurst has just added it to his portfolio....something brewing later this month with Malaysian interest growing.
 
Bah and here i was getting my money ready to buy in at 63-65 cents.... damn my timing. Seems this placement has lifted the share price substantially. Will see if it hold support. Man my timing sucks.
 
I am a holder of this stock but I don't think it will go anywhere in the short or middle term. Because the managing director George is still the major buyer of this stock (he wouldn't want the stock going up, would he), then how come we'd expect this company to announce good results or give us some profit rather than loss in the best times of the stock market nowadays. Only announcements from the company are related to George's shares.

I will never buy a stock if it is related to George Sakalidis (others MAU, MEI).

I am losing my hope, while watching all the other stocks are going up. By the way other HM explorers and producers (ILU) are in trouble as well. If anyone knows anything and would give me some hope, I'll stay. otherwise I'll get rid of them all, and George will enjoy it.
 
Imagine if George was Selling his shares instead of buying them. Wonder what impression you would have then?

If you do sell, let me know what day so i can pick up some more.

I'm back in, made a small purchase at .60, gonna accumulate some more would like to double my parcel before 7th august.

I don't know of any other junior HM explorer that has the potential Image does. I love how everytime it needs to refinance itself its done and dealt with quicker than you can blow out a candle. The smarter people than you or I are saying Image is good, George thinks its good, Grace thinks its good, the discoveries have been good, The Australian does a write up on it every now and again, saying nothing but praise.

I have posted the details why i think its good before, and i won't bother to repeat myself.

I had to sell previously to finance a shorting system i had going during the crash, but i am well happy to be back with one of my favorite spec.

Looking forward to the future
 
Tukker,
I sold them after my post and bought CNX @44 cents, then sold them @56 cents, then come back and bought IMA again @ 60 cents. How good is that!
This was what I was trying to explain.

It is not good and convincing enough to say "This stock is good, everyone loves it". The good stock is the one get you make money. IMA is not doing that although it was runped up by Fat Prophets and The Speculator. Why no one is buying it if it was so good?

I'll explain what I mean again; It may go up one day. And I beleive it will. I'd accept that. But when? Are we dependent on George's ambitions to accumulate a certain/unknown level of stock and no delivery of good news before that?

Some drilling result were due in July! Where are they?

It may come down badly one day as well, because we are missing the best days of stock market with no up trend. (Waiting for George!) It may go down badly if the stock market goes down again!

ALL IMO of course.
 

I honestly think that Image would have been taken over by now had George not signed an agreement with those Asian interests, that they are not able to accumulate more than....is it 5% of shares in Image. I think there are far too many good resources being taken over in this crunch at very low prices.

George is protecting his interests by not letting it go cheap, and ours. You only have to look at the coal seam gas sector where the M&A activity has been at what I would class, cheap prices. Unfortunately, most of those resources will be gone to foreign ownership, if not already. It would be nice to see Image stay trading on the ASX. George will get his settlement before Christmas I hear on the Opes Prime debacle. I for one am happy that he continues to buy - I saw him buy at about $2.50 too in the good times. He knows what is under the ground - it is huge, high grade and they have only just begun.

I'm happy to accumulate more if the price weakens from here.
 

Thanks for the info Tukker.
I don't have a strong info about this HM industry but I can see IMA's stock price is already not cheap at around 60c when I compare it with ILU's SP $3 which is producing HM with much larger resources. (ILU's price has started to move up just recently). I am wondering how IMA's price was reasonable when George was buying at $2.50 mark! That is questionable IMO.

The only thing I believe and keeping me interested in IMA, is that Heavy Metals are really much needed for some industries and Titantum di okside is also very much interesting for high tech applications. So HM is a very strategic resource like Rear Earth Metals (I am also in LYC which is taken over -pending- by Chinese).

LYC is sold to Chinese very stupidly at no premium for the shareholders. As shareholders were already left with no hope for the future of LYC, most shareholder are happy with Chinese take over with no premium as they were nearly loosing everything before that.

I hope George is protecting the shareholders' interest and would not do the same thing. Unfortunately, all of other George's stock MEU and MEI have come down a lot in last 12 months, and no recovery is expected.

So IMA and George is a big unknown for me. I don't like to be dependent on ONE MAN's decisions for a explorotin company stock and high priced at 60 cents. (for example BUL is @25c is a much better and safer stock). As well as being dependent on George's decisions, needs and tricks, IMA does not look like a good investment for me as I can't see a big premium on it. There are many other good opportunities out there like BUL, CNX (which is not a CSG company, it is UCG company). Even ILU is a much better stock at $3. because it is operating, making money.

I am not convinced with IMA at all, however I will still keep some of it, but get rid of it as soon as it goes over 70c to get my money back.

Thanking you anyway.
 
Folks

Interesting IMA saga and George story

If you refer to Eureka Report David H has put IMA as his buy and bought 12,000 on 2/06/09 @$0.645. The market price on Friday was around 62 cents. If you refer to Bulletin magazine or simply look into the graph attached you would notice in 2007 IMA was more than $2 and David was always a great supporter for IMA. History does not repeat itself but what happens to those who invested on IMA heavily in 2007.

If that is one correlation and then the second one is IMA price has been consistently sliding move but Dave was very complimentary for this stock.

I am a bit suspicious on his speculation and him being consistently bullish on IMA - but why

Please see the graph attached and DYOR

Regards
 

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Broke 70c holding at the moment, upgrades and future drilling in the works. Still soo much drilling to be done. EMU, MEI all jumping in value over 100% since march (all spinoffs from IMA). Soo much can happen now. I look forward to picking up some more as we go along.
 
moving up daily on relatively low volumes, up 6% today most of the volume comming from Xtrades. Curious if that means something. Chart showing signs of a short term upward trend forming with higher highs and higher lows over the last few days. Might be accumulation might be something more. With lots of Cross trades maybe someone is fishing out some bulk sellers?
 
$50k traded pretty much daily, and now this pattern is showing up.

Signs of accumulation while testing and breaching the 70c resistance on Friday. Stochastics are approaching a cross at almost 0 (good signal). A positive day on Monday breaching and holding above 70c would verify the pattern. Maybe another swing at the 80c resistance. Im gonna put this in the potential breakout thread and see if my thoughts are accurate to others.

Interesting timing here but isn't there some news to come out soon? Usually around 6-8 announcements per month, only 4 in August, and non so far in September. Strange from them to be this quiet.



P.s. Anatol - Image Market Cap 53mil. Iluka Market Cap 1,633Mil. Share price on its own means very little.


I still hold
 

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For some reason the picture is truncated but im sure you get the idea when you look on your own charts..... Bloody technology.
 
Back over 80cents today (15% rise), on 4 x larger volumes. No news out. Buyers outnumber sellers 7 to 1. $500k traded, a bit more than most mums and dads who follow this stock should be able to afford.

Chart wise, this was sooner than i thought (oh noes!) It is gonna meet heavy historical resistance at 80c , im looking for a correction on Friday, as profit takers and pessimists step in for some weekend pocket money.

That being said only $140k takes the share to 98c and $164k takes it to 73c.
Happy average suggests 83 cents, but its a silly average really.


Thread is quiet, i like threads like that. The less people talk about a stock, the more reaction we get out of any good news.

Fundamentals haven't changed.

 
Tukker

You call it quiet thread ?
Since 25 th July there were lucky seven postings by one lucky person. That is you
David H in Eureka Report has again made some investment and the price shot up like steroid injection.

Interesting stock which needs extra pumping from Speculator like Dave.

Enjoy your quietness in thread and ups in share price.
 

seems as tho it takes Dave to get a mineral sands player excited.

Miner do you follow DH's picks?

i have been getting ER for some time now - not the absolute BEST publication, but their commentary gives me a different overall POV...

When DH first came on you could buy one of his picks without too much hassle on the same day for the same price (almost - within 5-10%)... NOW, its just ridiculous!
 
So your pretty sure that it was The Speculator that caused the bump in price. That would make sense, not many institutions buy in quantities of $2000. He has a big following judging by the numerous buy orders.

Kind of legal ramping isn't it.

ah well at 75-90cents image is still a decent buy, its an honest company with good prospects. And lots of support from Asia.

Nice to have your input miner.
 
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