Hi Ben, Great post as always. In your post you mentioned Neuren! . An interesting correlation between Neuren and Imugene’s progress , has been how the shareprice in Neuren also languished for several years before exploding upwards. The lag between derisking and an increase in shareprice left ample opportunity for buyers to get onboard at a very generous discount.
It seems that most investors have very short attention spans. Immediate gratification is the only result they pursue. One of the catalyst for the destruction of Neurens shareprice drop and long period of stagnation was an absolutely brilliant deal done by Neuren. Shareholders just dumped the shares when a large upfront payment wasn’t attached to the deal. As you have posted several times , IMUs shareprice collapsed when shareholders didn’t get a deal they were anticipating 2 years ago.,
Then the worm turned and the market began to realise just how good the Neuren deal was and how much money was going to flow into Neurens bank. And the rest is history.
IMU might seem to be taking forever but it is following the same playbook. The company is well on track to emulate Neuren’s success, except it’s doing it bigger and faster than Neuren. It’s got so much more cash backing than Neuren had.
This is an unbelievable opportunity to take advantage of a derisked technology platform that will have huge demand at dirt cheap prices.
IMU Price at posting:
13.5¢ Sentiment: None Disclosure: Held
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