BUY HOLD SELL - IMD
Imdex (IMD) is a small-cap ($400m) mining technology provider, engaged in providing drilling fluid products, downhole instrumentation, data solutions and geo-analytics services to exploration, development and production companies in the minerals and oil and gas sectors around the world.
The company’s latest innovation combines the benefits of its ultra-lightweight solids removal unit and automated in-field drilling fluid diagnosis unit – including remote tracking technology – to optimise penetration rates, core recovery and metres drilled per bit, according to the company. In English, that means more efficient drilling at a cheaper price – and remotely. Remote control is one of the big things in mining at the moment and...Continue Reading