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mrdingo

4,396 Posts.

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10/06/23

18:20

Post #: 68233144
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Originally posted by dalts66: ↑

Gday slick.

The SPP has been extended until Friday the 16th June. Now the SPP price will be the lower of 4c or the last 5 day Vwap -5%

The Vwap seems to be held around 38.5c (thats slightly higher than last weeks Vwap) with some very low trades at times. So am thinking that range may be purpose made.

The chart looks ready to pop (one way or another) but I am guessing the range will stay till Friday.

Cover ya ears, cause this bit is almost Fundamental thinking. I am guessing if the SPP gets fully supported this market cap vs pipeline could give a good bounce. If the SPP fails to get enough funds for the rest of the year we may see a further dip.

Pipeline wise they have clues from very low dose amounts, that they may have the 1st CarT that works against solid tumors. Registration trial planned for when phase 1b trial ends.

Another drug, NK cells, us hitting arms now as well. Thats being paid for by another party.

So I reckon you could get those 100k shares just above the bottom of that range. And I reckon even if it doesnt pop the week after next, they are cheap enough to hold until next year when the real party should be started, driving the share price many multiples higher, which would compensate for the hold time.

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I'm about 70% down on my holding. Too scared to look and see. Maybe it's worth another dabble down this low?

Last edited by mrdingo: 10/06/23

CHM Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
4 Upvote

1 Great analysis

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