This small town -boon dox of an ASX we live in, is like opening up 100 pearl shops in Broome. We live in hope of a BP rescuing us, or getting into bed with us. The potential outlay any BP would pay for a cancer cure would be astronomical- certainly in the many billions of $$$$. The 8 billion shares and options traded here in Australia amongst 25m people just never gains traction, without FOMO (fear of missing out). So without any BP sweeping us off our feet, or news in creating that FOMO, is all we have to look forward to. Being a realist, without fantastic data dropping in the next three months (which will happen 99.9%). If IMU's management isn't now looking at buying a shell company listed on the NASDAQ, or something similar, in addition to relying on great data, then why are we paying many millions each year for management. Sure the pearl trade is lucrative, but just how many passers by are we expecting ? For mine- get that data out to market, and get on our bike to SYD- Perth- Mel- Bris -Adel, etc etc !! Or simply explore the NASDAQ and the 1.5 billion investors that come with it. If you thought our little rally in 2021 was fantastic, buckle up. As what we saw just a few weeks ago with the Azer- Cel fantastic data, would have created that once again !
Time for all cards to be turned, and to take this show on the road. Its becoming more than frustrating. having been in business as a CEO for more than 30 years-, I cant keep motivated in this stock simply on the back of potential. In business you need to sell sell sell, then back up what you've just sold. Forget potential and dance partners, that boats already sailed. Time to see what's in the much overdue assignment, as that's the only way we'll have confidence in passing the upcoming tests !!
It might seem like myself and mrdingo have swapped computer's in the past couple of days. But forget being biased and state what you rally think, has always been my way.
Let's have a go- GO IMU!
Not Financial Advice - Opinions Only - DYOR!
IMU Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
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