Patience is required and that is not new. The problem is that at some stage $$$ paid through income or any kind of deals have to replace the CRs. We all know that the recent statements about the cash at hand will get IMU through to early / mid / end 2025 but that doesn't mean we won't have another CR before that time. Soon the cash balance will be sub $100m and I expect that to be the benchmark for IMU to raise again. While one on hand it is good to organise cash before it runs out it scares the hell out of some on the other hand as we have to expect PH to raise the same way as he has done in 2023.
Holders are patient to wait for the data to be released as there is no short cut and IMU is doing it as fast as possible. But many holders, me included, are running out of patience that the SHE-Team hasn't come up with anything else than CRs despite the fantastic data achieved so far.
A NASDAQ listing could be the answer but the timeline shown in the presentation aims more to 2025 than end '24. No listing over there, I expect a CR 4th quarter this year.
The comments made indicating between the lines that CF33 and Azer-Cel work is keeping us happy but not the market that is needed to drive the sp up. IMU needs to prove that it can "monetize" its technologies, otherwise we will never see 15c ever again, unless they consolidate.
That dump today, could be a reason for the above.
I continue to trade and hold but have significantly reduced my IMU holding. Should one day the sp trading in the $ range come true it will still be enough to make the ATO happy but if IMU won't live up to the expectations then at least I have taken precautions.
GLTA
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Mkt cap ! $389.5M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 1723946 | 5.2¢ |
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Price($) | Vol. | No. |
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38 | 4359102 | 0.051 |
48 | 4380509 | 0.050 |
17 | 2263068 | 0.049 |
18 | 930368 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 905438 | 6 |
0.054 | 2937407 | 6 |
0.055 | 987079 | 14 |
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0.057 | 1002553 | 10 |
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