IMC 4.49% 8.5¢ immuron limited

Ann: US Defense funds AU$5.5M for Immuron New Gastro Weapon, page-47

  1. 13,333 Posts.
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    $IMC
    Rev Near $3m
    US Defence funds $5.5m
    Rev growing 40-50% per annum plus new products with FDA approval to come in market.
    Travelan Global market to grow from $630m to reach $890m in coming years
    MC near $30m = BARGAIN.
    FDA approval will fire her up to easy $100-$200m MC.

    Weekly Chart - Great volume and breaking out of prev resistance.
    13-14c could act as a new support zone here.
    19c-25c could be measured ST target.
    https://hotcopper.com.au/data/attachments/1753/1753518-b7385d991d71a1a882ee849f22e8577d.jpg
    https://hotcopper.com.au/data/attachments/1753/1753521-a52ba658152d57141d87376eec12a2b5.jpg
    https://hotcopper.com.au/data/attachments/1753/1753524-f48e5d781dc859d5e1e1f3e70459eb77.jpg
 
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