Personally I predict it will be closer to 10 cents than $1.
IMU keep kicking goals and releasing positive PS announcements but to little affect on the sp.
This has been largely the case since the capital raise.
The MM took the sp to 31 cents when there was plenty of retail interest to supplement the price rise.
When the MM off loaded, retail interest waned, and the MM has been slowly selling off whilst accumulating - hard to tell how far they will take it down but it seems like it could go down below 11.5 soon.
without a large retail base to sell into, MM has no interest driving up the sp.
as most mum and dad investors are on their knees financially, retail spend on long term bio plays is clearly dwindling. I expect it will get worse before it rebounds.
The rest of 2023 could be more of the same with the share price unless we get an explosive trial announcement, Ukraine assassinate Putin or the RBA cut interest rates by 2%. Not holding out for any of the above to happen anytime soon.
AIMO and I hope I'm wrong.
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Mkt cap ! $607.5M |
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18 | 899742 | 0.081 |
12 | 383624 | 0.080 |
9 | 210104 | 0.079 |
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Price($) | Vol. | No. |
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0.084 | 968305 | 15 |
0.085 | 1523232 | 11 |
0.086 | 823410 | 5 |
0.087 | 470274 | 5 |
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