Aquis shell company ImperialX has finally secured some mining assets to provide a base for its business and it says that it has a pipeline of other potential deals. This includes grassroots mineral assets.
The share price has settled down at 4.5p. Management is setting its store by a rising share price and the increasing attraction of the shares to the vendors of assets that it wants to purchase.
This company seems to be a ragbag of assets. It really requires someone with some knowledge to trawl through the different investments and net smelter returns to assess just what valuation the company should have. Anyone without expertise in the mining sector should leave the shares alone. The current valuation of £17.5m is more than high enough.
ImperialX / CloudBreak Disc...