ROTH Capital target 20c, page-35

IMU –Analyst Price Targets (PT)

Below is an analysis of the previous 2 Bell Potter and previous 2 Roth Capital IMU analyst’s 12 month PTs.

In summary, I found that on average the PTs were 82%above the prevailing IMU SP at the time of issue. Subsequently, the (12 month?!?!) PTs were achieved in just (on average) 12.5 weeks!!

With the current SP at 19c, and if we can assume updated analyst reports to be issued shortly … based on past history, we can expect the following from the new analysts PTs:

- Average of NEW PTs = 35c (82% above current 19c SP)

- Date PT to be reached: Mid-July 2021 (12.5weeks from now)

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