Dear Kent
You are right. When you have volume of less than tens of thousands of dollars when we need volume of $100,000s is very difficult.
At these prices its the bargain of the year IMHO.
Two vaccines in phase 2 with a PD-1 just about to go into phase 1 trial. 31 patents being extended as we progress. Anyone in B cell will have to talk to Imugene just to license some of the patents we have to develop. Imugene has done everything it can to secure this B cell space including buying a competitor. They are leading this area in the world.
Traders need liquidity to get in and out. There simply not enough volume to get in and out in a practical time and as you said the volume at present means it can be manipulated both up and down.
We have a wonderful company with loads of undeveloped patent assets, great staff and science. The fundamentals are great.
IMU is one to watch for sure. However, I agree that we are relegated to being manipulated with such low values and volumes until larger volumes move in with more institutional traders.
Some traders have a view that if share price is not 50 cents and trading on volumes equivalent to $100k a day they just wont trade it. I have to agree but I broke the rule with IMU as a speculation. I think good speculation but a speculation just the same.
We have great science, great management, great promise but great risk.
Its an exciting time and if you believe in the science the way we do and the management does, at these prices the stock is a bargain.
I am in it up to my eye balls and just love the management team led by Leslie Chong. They are truly impressive and excited about what they have and are working hard at moving this science through phase 2 with care and diligence. They are world class and we are luck to have them.
In the words of one of the posters on this site its time to back up the trailer , truck and moped and load up! haha
I wish you well and thanks for the post
- Forums
- ASX - By Stock
- IMU
- Looking forward to a 10 cent share price
Looking forward to a 10 cent share price, page-61
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IMU (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $386.7M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.7¢ | $270.7K | 7.251M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 949810 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 2277658 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 5665336 | 0.018 |
14 | 3997559 | 0.017 |
6 | 2974375 | 0.016 |
10 | 3219799 | 0.015 |
4 | 497500 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 400000 | 2 |
0.020 | 5410946 | 12 |
0.021 | 8494780 | 17 |
0.022 | 8757253 | 13 |
0.023 | 4826614 | 8 |
Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
IMU (ASX) Chart |