Lol Waylan - that happens all the time. My view is - it's almost impossible to pick the exact bottom. I think you have it right where you say that you buy in "at a good price." In my view, anything under 1.5 cents is an extremely good price for IMU. 1 Cent was a screaming bargain - and 0.8 cents is ridiculous value.
I bought more today at 0.8 cents - with a little spare cash I had. My average is still only around 1 cent but I'm very very happy with that. IMU will get over the Brexit jitters and will steadily re-rate as the Clinical Trials progress. Today is a great opportunity, but when IMU takes off, anyone who bought below 1.5 cents will be laughing.
IMU was always going to require patience. The big re-rate will follow the Stage 2 Clinical Trial results, or (maybe) a deal with Big Pharma after the Stage 1b. I was always planning to hold till then, so any SP madness in the meantime really doesn't bother me - except as a tempting top up opportunity.
Cheers
Dave
The B-cell mania is getting closer, page-42
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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 |