The maths doesn't quite agree with you. If you buy $10k at 10c it would be $100k at $1 meaning you make $90k. If you buy $10k at 5c it would be $200k at $1 meaning you make $190k. The profits compound significantly as your buy in price decreases, and the effect is magnified as the price grows.
For example if you bought $10k at 10c it would be $500k at $5 meaning you make $490k. If you bought $10k at 5c it would be $1000k ($1 million) meaning you make $990k.
Quite a big difference!
IMUGENE CHART. TA only, page-34370
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Last
4.8¢ |
Change
0.002(4.35%) |
Mkt cap ! $357.0M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.9¢ | 4.6¢ | $977.7K | 20.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 3232340 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 854027 | 4 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |