We all suspect a CR at some point is inevitable, a company with no income tends to need that but IMO there is in no way, shape or form anything negative to be taken from this announcement and as some have pointed out, it is futile to argue otherwise.
I'm not going to insult you as others may try to do, but I would suggest that perhaps you give the negative rhetoric a break for the day and let this one go through to the keeper. There will no doubt be still plenty of upcoming announcements for you to try again.
My comment was simply observing that this pretty much happens on every single positive IMU announcement - initial upward spike and end the day in the red. If I had additional spare funds, this stock would actually be pretty easy to make some trading dollars from.
We all suspect a CR at some point is inevitable, a company with...
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Last
6.8¢ |
Change
0.006(9.68%) |
Mkt cap ! $499.7M | |||
| Open | High | Low | Value | Volume |
| 7.3¢ | 8.1¢ | 6.7¢ | $14.56M | 194.2M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 605784 | 6.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.8¢ | 159880 | 2 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| IMU (ASX) Chart |