I understand all your points and that it’s concerning. Paul said in the half yearly that we’re good for 12 months. Sure that might include the L1 but that’s what he’s said. If needed short term there’s other options to raise cash than with a CR. Plus it won’t be the first time I’ve seen bios pump on the hype of upcoming results and have a run. If market conditions start to turn and a few more bios doing a NEU it will drive interest back into the sector. Will this happen before we run out of cash? Who knows, there’s plenty of argument to say it won’t. But given the low SOI and the price been able to be moved a by a bees fart it’s not gonna take a heap of interest to get this thing going.
CHM Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
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