No proof but suspect an oppie dump. A red market dump would have occured at the open. Big dump happened after 19c line wipe up in line with market recovery. There were still 80m oppies to go, about 20-25m needed if all were converted using shares and then, just to get back to keep previous holding another 50-60m could be dumped soon. Oppie conversion is like a CR in big contrast to actual sp, always causing big disruptions.
Often that takes another 2 weeks after oppies expired to settle but then we have X-MAS period which could take another 6-8 weeks to get over that.
To really see any big sp rise I think we need US capital flowing into IMU after the presentations today / tomorrow and the other 2 December presentations. If that fails to attract any interest then.......
GLTA
IMUGENE CHART. TA only, page-19743
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Last
5.5¢ |
Change
0.003(5.77%) |
Mkt cap ! $404.2M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.7¢ | 5.2¢ | $802.5K | 14.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 348447 | 5.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 1214875 | 6 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| IMU (ASX) Chart |