The maths doesn't quite agree with you. If you buy $10k at 10c it would be $100k at $1 meaning you make $90k. If you buy $10k at 5c it would be $200k at $1 meaning you make $190k. The profits compound significantly as your buy in price decreases, and the effect is magnified as the price grows.
For example if you bought $10k at 10c it would be $500k at $5 meaning you make $490k. If you bought $10k at 5c it would be $1000k ($1 million) meaning you make $990k.
Quite a big difference!
The maths doesn't quite agree with you. If you buy $10k at 10c...
Add IMU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $349.6M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.8¢ | 4.6¢ | $234.4K | 5.013M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 1749056 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 1610913 | 20 |
View Market Depth
| Last trade - 11.49am 11/11/2024 (20 minute delay) ? |
| IMU (ASX) Chart |