Whilst the price currently is disappointing ..... there are big volumes being tuned over . Cant be all churn ...... and yes it would be good to look at the holdings spread over the top 100 shareholders .
IMU had around 21,000 shareholders a few months back ( from memory ) - I'm guessing that quite a few holders have sold out ...fearing a return to pricing levels of 12-24 months ago ..which is quite a big registry for a spec share . There are a lot of shares on issue , but I suspect the shareholder numbers are shrinking
The thing is the " de risking " & potential value proposition is .... or should be growing very steadily .
Wait till we see some more news / reports validating the progress and theory .
Sellers will dry up ...and I suspect those parties accumulating ( assuming there are large holders accumulating ) will chase smaller parcels higher ...... I recon we will see some very large sharp upward movements .
Don't know when ...... but it will happen
The real value in IMU is in the long game and patience will pay dividends .
Meanwhile as others have said / and seen from other stocks .... its a high volatility environment ...so many companies are getting knocked around ....... if you can trade it ...go for it ..if you cant handle the pressure .......
Sell .... and....... possibly wish you hadn't in a couple of years
Lol
IMU Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
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