Club Mulgoa

Monday, April 02, 2012

IMA

This is a bizarre stock. Multiple good news but the CEO has not instigated any mining. Yet ILU made a lot of profit from zircon last year. The price of zircon is falling though.

I put a not-too-low bid for IMA at 34c and managed to collect some yesterday. This will help bring down my average buy price. This is one of those stocks where you have to wait patiently for years to see results. Their tenements in WA and SA have been scoring well but not the share price.

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