Yes, PH selling 3% of his holding is "director selling" lol. I suspect the cash burn won't be $25M but $20M per quarter now and IMU still have at least $35M in R&D tax for this and last financial year so there there will be a CR this time next year. Currently the pps is at 6c despite the big volume sell this week so not sure what you mean about the edge of 3-4c.
Why IMU is a multi multi bagger, page-24386
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Last
5.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $420.8M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 5.9¢ | 5.6¢ | $846.0K | 14.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 525977 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 1222955 | 17 |
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| Last trade - 14.10pm 21/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |