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3.85%

7.5¢ immuron limited

Disgruntled long term holders, page-9

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Orioles

928 Posts.

61

19/03/18

14:10

Post #: 31858225
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Originally posted by ttnblue ↑

They would have done a much bigger raise (hence a lot more dilutions) if they had no confidence in a re-rate of the share price and revenues from Travelan. The company will be in a position to do its NASH P3 even without a partner. In other words, the company will not be pushed into taking low ball offers and giving up most of this NASH asset away.

IMC is too small to do it alone hence a takeover bid will happen but the question is when and how much?

Some analysts have given IMC a fair value of $2+ hence the $500M price tag. There are still a lot of unknowns but I am more than happy to take a punt at 40c.

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The company is currently outrageously undervalued. It's really absurd. Not even a baboon would be caught selling down here. It will be interesting to see when big money final decides to start pushing this up. $40M market cap for a company with a Phase III NASH asset with greatest safety profile of any NASH drug in development? You have to be kidding. I am happy to wait and add some when I can at these levels.

Last edited by Orioles: 19/03/18

IMC Price at posting: 40.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.5¢		Change -0.003(3.85%)		Mkt cap ! $17.18M

Open	High	Low	Value	Volume
7.7¢	7.7¢	7.5¢	$5.59K	73.54K

Buyers (Bids)

No.	Vol.	Price($)
2	16083	7.5¢

Sellers (Offers)

Price($)	Vol.	No.
7.6¢	6857	1

View Market Depth

No.	Vol.	Price($)
2	16083	0.075
1	20000	0.074
3	27698	0.073
1	125000	0.072
2	130000	0.071

Price($)	Vol.	No.
0.076	6857	1
0.085	77613	2
0.086	147746	1
0.088	96511	2
0.099	1300	1

Last trade - 15.31pm 05/11/2024 (20 minute delay)

IMC (ASX) Chart