Lets hope, here getting diluted by about 30% for $3.2 million, just a couple of weeks ago we got $4 mill with zero dilution, yet here we are raising again at all time lows, really left shaking my head at the mismanagement of these raises.
They havent been the best with their timing in the past and fumbled the ball so often, but with all the potential news flow, surely they have something they can release to get some demand in the stock again to ensure the full entitlement is taken up.
Going to be a tonne of overhang after this, 648 million shares at 0.005, and the 625 mill raised at 0.008, over 1200 million shares that will be in profit anything over 0.008 on a stock that on average trades 3.5 million shares a day, unfortunately dont see us going anywhere near 1 cent anytime soon without some very significant news.
CHM Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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