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4.9¢ imugene limited

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

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Rainman56

1,949 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 4.9¢		Change 0.000(0.00%)		Mkt cap ! $364.4M

Open	High	Low	Value	Volume
4.9¢	5.2¢	4.9¢	$531.4K	10.66M

Buyers (Bids)

No.	Vol.	Price($)
23	3429444	4.9¢

Sellers (Offers)

Price($)	Vol.	No.
5.0¢	149299	2

View Market Depth

No.	Vol.	Price($)
20	3075363	0.049
95	13038145	0.048
58	6515985	0.047
30	3952036	0.046
51	4977166	0.045

Price($)	Vol.	No.
0.050	149299	2
0.051	1149798	7
0.052	1191692	8
0.053	1765338	11
0.054	2857321	12

Last trade - 16.10pm 18/10/2024 (20 minute delay)

IMU (ASX) Chart