All depends on how the RI uptake will be received by holders / non-holders.
A full uptake could see either a sp increase due to funding secured or a sell off due to some holders scared because of more shares now on issue. A partial or very weak uptake could see sp declining due to funding worries and the need for another CR or an increase due to less shares on issue as expected.
What's the most likely scenario?
Due to recent anns and still a good buyer interest above 2.8c and the sp hovering around the 3c mark I expect a well subscribed RI, 90-110%. There could be a short sell-off after the newly ones have been issued but that could be absorbed by the currently shown demand. If there is no shortfall some of the ones having applied for might even go for the hunt up to mid 3.5c.
Anything is possible, the next days / time will tell.
GLTA
CHM Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
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