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2.82%

6.9¢ imugene limited

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

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Rainman56

1,701 Posts.

417

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 6.9¢		Change -0.002(2.82%)		Mkt cap ! $512.3M

Open	High	Low	Value	Volume
7.0¢	7.0¢	6.8¢	$658.2K	9.519M

Buyers (Bids)

No.	Vol.	Price($)
26	3037910	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	2278763	25

View Market Depth

No.	Vol.	Price($)
24	3014440	0.069
54	7121002	0.068
37	5215692	0.067
24	2930787	0.066
45	1794712	0.065

Price($)	Vol.	No.
0.070	2265556	24
0.071	1726961	13
0.072	662099	6
0.073	881000	7
0.074	818247	8

Last trade - 14.53pm 24/05/2024 (20 minute delay)


Last 7.1¢			Change -0.002 ( 0.28 %)
Open	High		Low	Volume
7.0¢	7.1¢		6.8¢	4858381
Last updated 15.06pm 24/05/2024 ?

IMU (ASX) Chart