Expressing a view: Mining & Exploration – Imdex

Accumulating shares in Imdex (IMD:ASX) is a one way I am expressing my view amid a larger theme of the world requiring more mining projects to supply a host of ‘ingredients’.

The bigger picture is that I expect mining exploration and production capex to rise over the next decade. While the easy and low hanging fruit (resources) have been had, better technology with be required to aide financing and feasibility decisions.

Imdex also falls into another investment theme which I like being the testing, certification and verification sector.

Put it this way, it’s akin to owning the ‘pick and shovels’ coupled with technological enhancements which assist speed, precision, efficiency and cost savings.

Recently, Imdex shares traded down my longer term ‘Oversold Trifecta’ for only the 5th time in the past 15 years.

Those metrics are a combination of when the share price simultaneously trades 2.5 standard deviations below its rolling weekly mean, (at least) down to or below its 200 week moving average and registers a weekly Oversold RSI (Relative Strength Indicator) reading.

September 8, 2022
by Rob Zdravevski


* not personal advice
* do your research or see a licensed professional

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