Raise at CHM - not smart Merge CHM into IMU - not yet Put it under the IMU umbrella, like ALA's iNKT, and get it done using the CHM experts
The finders fee is an R&D expense, 43% of that is paid by the Oz government. Great move!
No replacement for any IMU pipeline, it is an "enhancment". Plus maybe the first asset to be commercialized, transforming IMU into an income stock or partnered as fully approved tech.
The CR is a usual way to fund it, just the timing and the terms are what caused the FORESEEABLE market reaction.
The science, the assets and the experts got heavily devalued due to a stupid mistake. The good news is, that mistake opened an incredible buying opportunity despite the huge dilution. As long as the assets are world class nothing is lost, the CR mistake can be ve fixed.
If the science was crap, like MSB, then it would be over. Reminds me of Centro group, huge management mistakes, fell from $10 to 1c, all retail bailed, banks and instos took over for even less and a few years later the $$$$ were made.
GLTA
IMU Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
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