Eileen I don’t ever want to get involved with conversations regarding why people sell or why they hold as we’re all living with completely different circumstances. You’d die if you saw where the bulk of my IMU funds went.
But I’d pick you up where you state that the company hasn’t returned a penny to investors. The spike of 2021 was nothing but spectacular for holders returns, simply stunning. In my opinion the company can only do what they do and do it well. A lithium company needs to produce and distribute lithium in a profitable manner, a bank needs to offer banking services in a productive and profitable manner and a bio company needs to make steady progress towards medical breakthroughs with their IP of choice. But it’s the market that decides whether or not those products are worthy of a higher price or not. I believe a company throws themselves at the mercy of the market as soon as they publicly list. And IMO IMU is a classic example. Management have come out with some pretty strong announcements in the past 18 months, so they are doing their jobs and yet the market thought differently and has allowed the MC to become a shadow of its once ridiculously high value.
Sorry, I could go on for hours about this stuff in regards to the how’s and why’s and especially how insto activities have changed the way investing is done now but I just think we need to separate the company from the share price. The company needs to do its job and the market will set the price.
Sorry for the rant. It’s Friday, let’s have some fun
Cheers.
IMU Price at posting:
12.0¢ Sentiment: None Disclosure: Held
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