What a sh*t situation for all of us.
Good news, it's not 100% dilution, it more than likely will need 100% rise or more after the CR to get us back to 3 cents.
Not that long ago I took part in one that resulted in a 3- 4 bager, so its not always bad news. ( MSB)
I don't think management has too many options. Partnerships are basically no better than a CR. They all amount to a sale in part of the company . Even a cash buy out , 3 to 4 cents would be as good as it would likely get. No good in my book.
Our best hope would be a merger, preferably with one that also has huge unrealised upside. MSB would be one not that there cash is any better position. I will let others to look at the good and bad of such a deal . I am not cross promoting.
I have done a little math. 1 MSB would now cost around 43 CHM. Not that long ago it was 1 for 10. 1 for 30 would get my votes on both sides.
What a sh*t situation for all of us.Good news, it's not 100%...
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Last
1.7¢ |
Change
0.001(6.25%) |
Mkt cap ! $14.66M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $24.72K | 1.459M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 2303246 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 6238 | 1 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
1.7¢ |
Change
0.001 ( 6.25 %) |
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| Open | High | Low | Volume | ||
| 1.7¢ | 1.8¢ | 1.7¢ | 1329876 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| CHM (ASX) Chart |