buy side building..., page-21

re: chart...use a plan +14% Meerkat,

imu will need to raise cash in the forseeable future.

Their balance sheet as at June 30th showed < 1 mill cash with cash burn well in excess of this annually & they have just announced further staff appointments...( I regard the staff appointments as positive but they will add to the cash burn)

The need for further capital is clearly a negative on the current share price.

The $250 gvt grant to redo their avian flu trials is very promising.
As I posted a few days ago on this, the potential here is enormous.
IMU state they believe the information obtained from the initial trials means they have a simple fix to make it work next time around.
This should be done in the next couple of months.

I would think any capital raising would be after this next round of trials.

So in the short term ( up until completion of trials) I see little possibility of the prices going down to 20 cents or thereabouts, & some possibliity of prices quite a bit higher than today.
With this in mind I thought it prudent to take a position now & not in 6 to 12 months time.

If of course there is nothing positive out of the latest avian flu trials, you are absolutely correct & there will be no hurry to buy in. In fact they may well go sub 20 cents.

Cheers

Bendigo