"However , a $2 SP target, whilst sitting at 10 cents and such a significant downtrend is fairytale grandiose at its best"
Not necessarily so .
and whether you think the prices bandied about were just fantasy or not , may well depend on your understanding of the IP , and the subsequent value proposition of same .
Yes we are in quite a speculative place .
However consider another example - in a different sector : a minerals exploration company for instance .
They may well expend lots and lots of $$$ - sizing up a geological target - perhaps using techniques that are relatively new
That target , once defined and quantified , could end up having a value 100's of times the current market cap .
So in the instance of IMU , and with the knowledge of the market size for some of their IP applications , assuming they are shown to be effective the value proposition could be many multiples of the share price . ... and more
Is IMU a good buy at these levels ????
Well I guess that depends on your level of understanding about exactly what they are doing , and your feelings about the probability of success ...and over what time frame . as well as your own assessment of risk vs reward .
Naturally Its up to individual investors to make their own call ..... and we all know time lines are long
but , there is nothing wrong with reasonable thought about possible outcomes ...and certainly not a " Fairy Tale ......" .
Interesting times ahead in any event !!!
IMU Price at posting:
10.3¢ Sentiment: Buy Disclosure: Held
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