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IMA - Image Resources

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Thanks for that, @finicky.

These shares have done very little in the last year, and then in the last week they shot up 20 odd percent. Them's the breaks. But I do wonder what's going on?
 
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Anticipating Qtrly report in less than 2 weeks. it came on Feb 28 last year.

Weekly IMA chart (shown)
Share price @0.23 had an excellent week achieving the highest weekly close in 2 years on firmer volume.

Back in the second week of November the price had a so called 'false break' above its trading range (which roughly spans 0.16 - 0.21). This break followed a strong rally over October. Following the false break the price 'retraced' around 62% of the rally. That's pretty common behaviour.

With this current rally seemingly confirming the breakout from the trading range, maybe IMA will kick on a bit. I like the simple sounding and clearly expressed plans this company has for the future.

IMA 3 Yr Weekly
big (71).gif
 
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There was movement at the station.

One of the board members helped himself to some more shares a couple of weeks ago.

I was recently looking at a presentation (uploaded 16.11.21) from their competitor Iluka (ASX: ILU) to get an idea of price movements of mineral sands. I'll paste the two relevant plots here.


1642245202192.png


1642245240238.png
 
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Some other information -- again, I point out these are from an Iluka presentation, not one from IMA.

Zircon.

1642245361215.png


Rutile/titanium dioxide.

1642245423496.png
 
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A couple of somebodies respectively bought about 90 k, 380 k, 440k of IMA today, if I am reading the course of sales correctly. I get the feeling somebody knows something I don't.

1642420728877.png
 
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Cognitive lapse from me in my last post - Qtrly reporting is around January 28, not Feb.
Might be just a few people/entities chasing momentum as the stock makes new highs.
 
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