Australian (ASX) Stock Market Forum

IMA - Image Resources

Voted.

I missed that email, because I switched phones, and I didn't see the inbox of one my email accounts for a few days.
 
So Murray Zircon (and its controlling shareholders) backed down.

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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.

Held
 
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.

 
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?

Held and Holding

DAILY
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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.

Held and Holding

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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.

Held
Will trade

DAILY
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Weekly chart looks expectant.
Risky phase.
Haven't followed the zircon price but it's said to be pretty reactive to China's economy.
Held

WEEKLY
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Atlas progressing to plan, even a little better. Trucking HMC to port to build up a sufficient amount for shipment in April.
Weekly chart still expectant with a small boost today not showing yet.

Held at a loss
Pbly not adding

WEEKLY
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Picked unenthusiastically for the April comp for want of a better idea.
So production of heavy mineral concentrate is ongoing at the new Atlas mine with amassing of product at the company's warehouse at the port. First shipment is promised in April so confirmation of this event might get the market's confidence and push the share price over resistance @ 10c.

Held
Might sell out if I can get my stake back.

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WEEKLY
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