Hi Slick,
Yes 20% discount seems a bit worrying.. Anyway, even if things aren't going so well as you said, I don't believe the SP will drop to lower than 1.8c, there are too many people out there wanting a piece of IMU.
I'd say the SP will return to 2.3c before 2018. I can be totally wrong of course since I'm positively biased. Psychologically, now that they've seen IMU able to reach 2.8c (a couple of weeks ago only) without any news, they'd see 1.8c is an extremely cheap price, looking at the potential v risk of this company.
Even if the results aren't so promising, they will sugar coat it or delay, do whatever it takes. LC's remuneration report is tied to improvement of SP.
Well most short term investors won't care about the patients' well being, they just want return on investment quick. They are hungry & want their super delicious beef now, they're not gonna care how ethically you butcher the cows. Maybe in the future.
So, based on that assessment, I think it will be a mistake to sell at the open. Perhaps a few days later? Anyway, this is just my IMO.
Cheers,
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Last
5.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $371.8M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.8¢ | $521.9K | 10.58M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 1612511 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 3882781 | 14 |
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No. | Vol. | Price($) |
---|---|---|
17 | 1612511 | 0.049 |
48 | 6689431 | 0.048 |
42 | 4422304 | 0.047 |
49 | 3564481 | 0.046 |
60 | 9395068 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 3882781 | 14 |
0.051 | 6352136 | 13 |
0.052 | 1742566 | 10 |
0.053 | 1865267 | 11 |
0.054 | 1735517 | 8 |
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