CHR charger metals nl

7.14%

4.5¢

Ann: Prospectus, page-15

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The0Investor

409 Posts.

152

23/10/24

12:57

Post #: 76260969
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Originally posted by WhatsTheTip: ↑

Yep I saw that after posting.

However if the share price was under 10c and the company called in the remaining monies, would you pay up? Why would you pay 10c to gain a head share worth say 7c, 8c or 9c. If you wanted to buy shares its more sensible to just spend that cash via an on-market transaction.

While a few would to contribute to the company, most shareholders would choose not to pay 10c extra if the fully paid shares are trading under 10c. The extra money is only available at higher share prices but existing shareholders still get all the dilution of a massive number of new shares being issued. With over 120m shares now issued, getting above 10c requires getting a MC of more than double what it is before the offer.

Surely if management wanted $500k to buy the Byone option they would have been better just to place 10m shares at 5.5c. Far less dilution to existing shareholders. Management that are happy to dilute existing shareholders for little gain are dangerous. Sentiment changed to SELL

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the company does not need to raise to buy the Boyne option. I believe they have enough cash to buy it. This is all so Aidan can keep paying himself nice salary for as long as possible. Just keep diluting this to ensure he keeps his cushy job for another few years.

CHR Price at posting: 7.2¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 4.5¢		Change 0.003(7.14%)		Mkt cap ! $3.483M

Open	High	Low	Value	Volume
4.3¢	4.5¢	4.3¢	$13.45K	304.0K

Buyers (Bids)

No.	Vol.	Price($)
1	141230	4.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.6¢	180000	1

View Market Depth

No.	Vol.	Price($)
1	141230	0.045
1	23255	0.043
3	84096	0.042
3	164890	0.041
3	273782	0.040

Price($)	Vol.	No.
0.046	180000	1
0.049	55388	1
0.050	45503	2
0.051	30202	1
0.054	18518	1

Last trade - 16.10pm 27/06/2025 (20 minute delay)

CHR (ASX) Chart

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