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IMD, IMDEX LIMITED
nipper
post Posted: May 28 2021, 04:01 PM
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In Reply To: bam_bamm's post @ Sep 13 2013, 09:08 AM

long time since I had a look at Imdex .... and to my detriment, it would seem

IMDEX is a leading Mining/ Tech company, which enables successful and cost effective operations from exploration to production. The Company develops drilling optimisation products and cloud-connected sensors to improve the process of identifying and extracting mineral resources for drilling contractors and resource companies globally.
Definitely it has moved away from the old days of supplying drilling mud and other rig services. The transformation has been in train since 2015. From a 1H20 conference call:


Positioned to deliver attractive returns
IMDEX has a strong financial platform generating recurring revenue, strong cash flow from operations and increasing shareholder returns;
• We are outperforming market growth, largely due to our continued investment in R&D to deliver market leading technologies;
• We are expanding market share and margins, driven by an unrivalled range of technologies and the benefits of being the first mover to cloud-enabled instruments;
• We are building sustainable revenue and earnings growth – generated by our core business and via product and market extension;
• IMDEX is an established global company with an ability to leverage our extensive client network and achieve economies of scale; and
• We have a strong and disciplined leadership team with a successful track record of developing and commercialising technologies
.

Closing comments
IMDEX's core business is performing well and through the introduction of a number of new, patent protected technologies, the Company is poised to deliver substantial growth in revenue and earnings in the coming years.
and in the depths of Civd, a corporate action:
QUOTE
Every mine in the world makes decisions on the four components of rock knowledge : location, texture, grade and mineralogy.
Imdex's technology stack currently addresses three of these components and aiSIRIS satisfies the fourth ... mineralogy.

first developed in 2013, Artificial Intelligence Spectral InfraRed Interpretation System is in its third generation SaaS form

Auspec already cash flow positive 4 years but won't become earnings accretive for IMD till year 2 or 3.

The market for the acquired aiSIRIS technology will suddenly expand through Imdex's global network as an integrated part of Imdex's service. Development of aiSIRIS should forge ahead with collaboration between the two staffs and Imdex's greater capital capacity.

Key Acquisition Benefits for IMDEX

• aiSIRIS is a unique industry leading low-touch SaaS product with high barriers to entry;
• As a SaaS product, aiSIRIS delivers premium gross margins consistent with IMDEX's strategy;
• aiSIRIS is a proven product ready to be scaled via IMDEX's global distribution network;
• AusSpec co-founder Dr Sasha Pontual is the world-leading spectral mineralogy expert who has built an extensive spectral library over the past five years. Dr Pontual and other AusSpec personnel will join the IMDEX team;
• AusSpec enhances IMDEX's rock knowledge offering with spectral mineralogy and AI technologies;
• aiSIRIS complements IMDEX's existing In-Field GeoAnalysis solution and integrates with IMDEX geochemistry analysis software (IMDEX ioGAS™);
• AusSpec has well-established relationships with major resource companies

seems to have worked out; a 12 month high today and through $2



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
bam_bamm
post Posted: Sep 13 2013, 09:08 AM
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It would appear that IMD have sold 130m SEH shares overnight, giving IMD an injection of around $24m (not sure of any tax implications)

I havent had a look at IMD's balance sheet for a while, but I believe they have been in a bit of strife of late, and the MS sector isnt really going as well as they would have liked.

IMD would still hold approximately 120m SEH shares, currently valued at $24m.

No real movement in IMD's makret depth this morning (nor SEH either for that matter)

Could be a good entry point this morning, although im sure more people will cotton on as we approach the opening bell.

Edit. Announcement out

QUOTE
Partial sale of Imdex Limited shareholding in Sino Gas & Energy Holdings Limited The Board of Imdex Limited (ASX:IMD) (Imdex) advises it has sold 130 million shares in Sino Gas & Energy Holdings Limited (ASX:SEH) (Sino) via a bookbuild to institutional and sophisticated investors at a price of $0.185 per share to realise gross cash proceeds of $24.05 million.

Imdex is a founding shareholder in Sino and recognises Sino is developing a world scale gas project in China. Imdex strongly supports the strategy of Sino's Board and management and has no current intention to sell the remainder of its shareholding (being 121,908,446 shares, representing an approximate 9.7% interest in Sino).

The sale proceeds will put Imdex in a strong cash position and provide greater financial flexibility in pursuing a number of growth initiatives, particularly in the Oil & Gas sector and technology development.

Imdex wishes to express its appreciation of the work being undertaken by the Board and management of Sino and looks forward to the next phase in Sino's development.


This post has been edited by bam_bamm: Sep 13 2013, 09:10 AM



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bam_bamm
post Posted: Sep 5 2012, 01:27 PM
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In Reply To: chum1155's post @ Sep 5 2012, 12:38 PM

Thanks for that chum.
Will continue to keep an eye on this one, but could be a dangerous trade.


cheers



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chum1155
post Posted: Sep 5 2012, 12:38 PM
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In Reply To: bam_bamm's post @ Sep 5 2012, 12:20 PM

Hi BB
Not looking too flash on daily ...
Looking to weekly, suggest ~ 82 cent mark ...??
Chum

 
bam_bamm
post Posted: Sep 5 2012, 12:20 PM
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In Reply To: bam_bamm's post @ Aug 20 2012, 10:02 AM

Has anyone got a chart to show where this could end up?



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bam_bamm
post Posted: Aug 20 2012, 10:02 AM
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Any one got any comments on the full year results released this morning?
early indication is that the market likes it.



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gordini
post Posted: Mar 7 2012, 09:49 PM
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Also look at the bigger picture, their expansion into Brazil especially.

 
bam_bamm
post Posted: Mar 7 2012, 03:46 PM
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I've had a few successful trades with IMD in the past, but recent developments have made me think about this little gem again.
Now that hydraulic fraccing has been given the all clear by the minister in WA, i was thinking that if shale gas hots up in australia, with the potential drilling of hundreds and hundreds of more wells, what companies and industries are likely to directly benefit.

Could Imdex, who are a supplier of drilling products and services be a candidate for higher revenues?



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gordini
post Posted: Feb 23 2012, 04:23 PM
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Look at the posts for May 27th 2008.
Sometimes, you've just gotta have faith.
$2.50!!!

 
gordini
post Posted: Feb 7 2011, 06:32 PM
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In Reply To: bluebug's post @ Dec 17 2010, 10:22 AM

Bluebug...
Great call early December......

 
 


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