First tranche, 164m shares, to be issued Monday, tradable on Tuesday.
Not sure who gets them and what they will do with them but some this morning won't take any chances and placed a "few" at 0.5c to be the first to flip 0.4c shares, if, if anyone buys them.
0.3c buy has a real chance if impatient sophies can't sell their 0.4c shares at 0.5c or 0.4c. Plus, the oppie consideration / assumption that selling heads for 0.3c is smart as they can sell the oppies for 0.1c or 0.2c.
All speculation but would fit the general scenario if there aren't any compelling data soon. And you've been given an update when that could happen if all goes according to plan.
Dr Bec did a great job yesterday, but will it be enough to prevent 0.3c or 0.2c?
CHM Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
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