Despite no actual negative news, it seems to me that this exodus is reflective of the timelines mentioned in the latest company announcement.
If we are to expect the current clinical trials to progress at this pace then IMU is still years away from producing the volume and significance of data that would garner the attention of potential suitors.
As already mentioned on here, money is likely moving to better short term prospects. I don’t think this equates to “the end” for IMU, but it does mean the IMU long game feels much longer. For those jammed up by a high entry, there’s little to do but wait (or cut and run).
In the meantime, those that trade the increments will continue to do well.
Best of luck all.
Despite no actual negative news, it seems to me that this exodus...
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5.9¢ |
Change
0.005(9.26%) |
Mkt cap ! $433.6M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.9¢ | 5.4¢ | $1.489M | 25.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 35252 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 1753430 | 24 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |