I think that is probably true. Once upon a time, I thought IMU could go North of $5 within say 3 to 4 years (when it was trading between 30 and 50 cents).
Now, after being diluted by say 40%, and with 7.5 - 8 Billion shares on issue (post Option conversion) and a market cap of a poultry $800million, my guess is we will be lucky if we see $1.50 to $2.00. Still worth holding...I think!!
My opinion only, DYOR etc
Ann: AGM Presentation, page-63
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