Hey stewar1t ,
All this hype about a CR (Capital Raising), better off just accepting it will happen by years end.
IMU's management know when data is about to drop. Their more desperate in having great data hit the market, than we are.
Besides facing disgruntled Shareholders at the upcoming AGM, they want this SP to skyrocket. They too know that data or a deal is the only thing that will do that, and appease investors. They will avoid a CR as long as they can, as they have heaps of money for the next 9 months. They only have 4 months left in this year however, with data x 2 about to drop.
For mine, It will go something like this-
- Data drops, next 3 weeks.
- SP goes up.
- AGM called for November.
- Further Data drops before AGM.
- SP goes to 2 year highs.
- Immediately after AGM in late November- CR issued.
-GO IMU!
Not Financial Advice - Opinions Only - DYOR!
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