It's all speculation. The 2.63m order at 3.8c equals to $100k, could be a trader or one of the bigger fish or just computer generated. Hard to tell. What we've learnt over the years is that any significant show of a cancer reduction can hardly be held under the carpet for long. And so far, no indication by the volume that anything has be achieved apart of what's been already announced. The sp is under 4c, EV about $250m. Compared to what could be it is a bargain, compared to the interest shown by pharma and big investors, it is $250m overvalued.
Another big order placed at 3.8c, maybe 4c possible.
Time will tell.
IMU Price at posting:
3.9¢ Sentiment: None Disclosure: Not Held
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