Not sure why selling at 3.6 / 3.7c. By the number of shares that were placed and sold it looks like a fund / broker is selling for a client. But that has happened since I looked at CHM when the sp was 15c and started to decreasing.
Grabbed a few 3.7c shares, the lower the better and definitely better than 4c. Highly likely a huge shortfall coming unless someone wants a huge holding and takes advantage of the shortfall. Should Bell Potter clients pick it up we will see the drop feeding above 4c to occur for a long time unless CHM gets taken over or a significant deal gets signed. Trial data won't do it anymore, IMU is an example for that. Only a $ attached offer or an IMU take over 2 IMU for 1 CHM will take it back to some more realistic value.
GLTA
How's the Capital Raise Going to Work?, page-123
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Last
1.5¢ |
Change
-0.002(11.8%) |
Mkt cap ! $13.14M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.5¢ | $29.96K | 1.863M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1574783 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 204621 | 2 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| CHM (ASX) Chart |