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5.7¢ imugene limited

You may remember we picked up a little thing called Azer-Cel in...

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Rainman56

1,751 Posts.

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24/04/24

13:54

Post #: 73498084
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Originally posted by hargeo: ↑

Dingo,
I heard her say that, it was along the lines of “monetising some of our assets”, which she stated within the last couple of weeks. I reckon in hindsight she was referring to the “UP TO $6m in upfront and milestone payments to Imugene from the recent deal with Kincell. A very misleading use of words if that’s the case, as it’s chicken feed in the scheme of things, and a frustratingly ambiguous description anyway, ie how much upfront, how much milestone and how flexible is the “up to”…??
For the record, Imugene paid USD, $8m cash, $13m deferred until Aug 24, and $3m to Chimeric in August last year for the Azercel deal, which included the manufacturing facility.
My main question here is if the Kincell deal relieves Imugene of $32m in staff cost reductions over 3 years, was there no revenue? If it is a net saving of $32m to run the place, what on earth made them think it was affordable to take on this overhead for a non revenue business as recently as August last year???
So many of Hoppers decisions are poor, and seemingly not in the direct interest of shareholders.

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You may remember we picked up a little thing called Azer-Cel in that deal.

IMU Price at posting: 8.4¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 5.7¢		Change 0.000(0.00%)		Mkt cap ! $417.2M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
6	123835	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	12666	1

View Market Depth

No.	Vol.	Price($)
6	123835	0.057
11	1942641	0.056
17	4026284	0.055
26	2782034	0.054
13	2358149	0.053

Price($)	Vol.	No.
0.054	12666	1
0.056	23713	2
0.057	150600	2
0.058	120804	4
0.059	1156654	6

Last trade - 09.16am 26/06/2024 (20 minute delay)

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