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slick

14,458 Posts.

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11/06/23

00:44

Post #: 68235196
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Originally posted by Crofty's: ↑

Slick

I have a career background in mineral exploration and my view has always been to look at the physical location of the project, then the management team track record, then look at the budget burn rate against activities and then activities against plan. Also EXPLORATION DOES NOTHING BUT SPEND MONEY so cash on hand is king! you can have the best resource in the world but if you don't have the cash to prove it it's over.

Exploration is by its very nature speculative, even the best science is nothing but a set of statistical probabilities. However being in the right place with the right leadership with the right plan and having enough cash to execute that plan gives the best chance of a positive outcome.
There are so many variables that are outside of our control when exploring those that are within our control must be at a standard of excellence.
IMU is my first foray into the Medical research, I found the story compelling, I watched for about 18 months and gained confidence that management was doing what they said they would do, the burn rate against activities was as planned and the cash reserves are there to see out the programme.
The results are for me de risking the investment, I think macro economic conditions are effecting the share price so I am not concerned.
Agree that cash burn with good management means the work is getting done and I believe that is what is happening here so keep it up I say.

Appreciate your posts here and elsewhere Slick you have opened up the World of TA to a die hard FA disciple. I appreciate it as my investments have always worked on a Geological timeframe which may give returns that benefit my Grandkids. TA is still a set of statistical probabilities but it is the quality of the underlying analytical work done to produce these probabilities that is important to produce quality data and in my experience quality data can be worth its weight in Gold.

IMHO DYOR

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………… I was just posting those exact words when you posted. Well said Crofty, you explained it properly.

Glad you’re enjoying a bit of TA, be careful, it can become addictive.

Cheers.

IMU Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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IMUGENE CHART. TA only, page-23708

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IMUGENE CHART. TA only, page-23708

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