Couldn't agree more@Rugbylad1975.
The SP won't go up until it's "allowed" to go up by the big players. Plenty of motivation to keep it low including shorting, accumulation or a cheap take over attempt. Quite simply if the SP goes up atm big players lose more than if it goes down or remains the same so they'll keep it down as they have done for the last few years. They have the motivation, resources and the blessing of the ASX. Sell side is absolutely stacked artificially and cross trading is rampant.
The true value of this company will not be realised on the ASX, we need to wait for a deal with BP as well as a possible Nasdaq listing to get anywhere near what this is actually worth IMO.
Why IMU is a multi multi bagger, page-19304
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Last
5.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $424.5M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.8¢ | 5.6¢ | $1.032M | 18.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 90000 | 5.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 744737 | 5 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
5.8¢ |
Change
0.000 ( 1.03 %) |
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| Open | High | Low | Volume | ||
| 5.8¢ | 5.8¢ | 5.6¢ | 4924782 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| IMU (ASX) Chart |