IMX's flagship Chilalo graphite project will fall under ownership of a new ASX-listed company.

IMX to spin-off graphite assets

Perth-based explorer IMX Resources has announced a restructuring of its Tanzanian assets, involving plans to spin-off its graphite portfolio into a new ASX-listed entity, while retaining its base and precious metals portfolio.


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My discontent as a Shareholder is that Management is drawing an enormous large Salary in comparison to the Market size of the Company & Valuation and now it seems we will be footing the creation of another Milk cow of a Company and I suppose the same Directors will be on board and also drawing a Salary? If I may compare the Post master General in the USA is head of over 300.000 Employees and draws only a Salary of US$400.000 that says a lot and IMX directors are nowhere near this level to empower themselves to such excessive Salaries plus Shares and option, I call that Greed and a load of Bull by overstating the Companies Resources and it's importance as IMX has no Income and a MOU is just what it is equal to 3 letters of the Alphabet. I only can say "Shame" of you as you are not worth such high Salaries until you can say that the Company is financially well on the way to real Earnings and producing a annual Profit. It appears you don't care and are taking your Shareholders for Suckers. All I can say is" Get Real" come down to earth and don't indulge in Greed, then you will find respect if this actually has any meaning to you. You also using Companies money I suppose to fight the mess you have at present in Litigation? you are not nice people and I will keep a close eye on IMX Action speaks louder than Words Good day

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Share Price

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Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
15thHeron Resources788%-12%
360thCaravel Minerals18%-25%
662ndHammer Metals-32%-25%
665thIndiana Resources-33%51%
775thBreaker Resources-63%3%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$23k Bought
$0 Bought
$0 Other
Total value as at the date of the transaction
Source: Morningstar


181st↓Indiana Resources$248k
217th↓Heron Resources$140k
218th↑Hammer Metals$140k
220th↓Breaker Resources$138k
221st↓Caravel Minerals$137k
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Indiana Resources

602ndNicholas Corlis$205k
717thStuart McKenzie$161k
1056thDerek Fisher$72k
Ranked by total remuneration from all listed WA companies

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