This is the first time in a long time (years) that I agree with Taurean-IMU-Perma-Bull. For me it is a buy for this placement and SPP. I think the 1c sp (pre consolidation) or the 33c cap raise price is the near term bottom. I recieved an allocation in the placement and will be asking my wife (who holds a residual amount <$1000) to take up the max SPP. Unfortunately I sold out of my remaining residual IMU so I cant take up the SPP myself.
I still have concerns long term on IMU (over 12 months), however happy to reenter at these levels on the cap raise for a trade as I believe there will be a good bounce from here to ensure the free 43c options are exercised by March 2026 and the SPP will be well subscribed.
(Note: For me, IMU is for trading and not for holding)
IMU Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
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