re: the kindest cut of all
well chaps, the way I see it support is around the 20c mark, been there twice 'recently' might never get there and I just can't see any reason why it would fall lower (but who said market is reasonable?). I'll buy back the half I dumped the other day if it gets around 20c.
Still a good long term story to date, but it's a couple of years away before any real dollars flow according to IMU. That would all change if Merial's support waivered of course, so I'm hoping they go the distance. If they do, then we'll never look back...... but you have to remind yourself that Merial would be testing a range of options away from antibiotics, we'd be foolish to think that IMU's platform is their sole interest in this field, and that's what will eventually count: who among the hopefuls will Merial run with. And no, I don't know which others Merial is looking at - but I'd bet my chandelliers that that is the case.
Companies such as Merial just can't afford to back a loser so they play the field. Wouldn't you? So it's probably more of the same for a while with IMU sp tooling around the 30c mark and occasional breaks on good trial results. Just have to keep the faith. I know what that's like from VOS days, and I got sh@t on from a great height - I'd like to think it will be better this time around.
IMU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
