Steady with wines. Unless they are kiwi ones when you should act quick and get rid of them ASAP
A really tight share holding, with 45% of all available shares held in escrow for the next 21 months. So only around 125 million shares available for free trade at the moment. Market cap of fully diluted holdings at the moment is sub $Aud 105 million. Approval available after a phase 2 trial which will be started ASAP after the phase 1 trial that is already underway finishes. And that is all for just the treatment of GBM. Other targets are being investigated and will be announced soonish.
This one has lots of upside room to run. I would think the share price will bimble around here until we get an announcement re safety or better yet efficacy. But, since GBM is such an aggressive cancer, any statistical evidence of stabile disease or better will be known reasonably quickly. Any hint of that and the sonic boom from the bow wave of the share price lifting off will be deafening.
Even anyone trying to buy in and get a good fist full could make this run. So I waited a month and a bit after it floated and started buying in. I went hard until I had a good holding holding, and now am topping up whenever the tree is shaken and a few cheaper ones fall.
CHM Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
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