"New Shares issued under the Institutional Entitlement Offer are expected to be issued on 1 March 2022. New Options issued under the Institutional Entitlement Offer will be issued together with New Shares and Options to be issued under the Retail Entitlement Offer on 18 March 2022 (subject to Institutional Shareholders holding at least the number of New Shares they subscribed for under the Institutional Entitlement Offer)"
A clever way of preventing instos dumping their new shares on market while retail are having their go.
That's a very personal decision to make. You may be able to buy a head on market for 16c plus brokerage, and that seems a great price. The alternative is buy a head and an option for 17c with no brokerage. The option is tradable on market after it is issued. So if you sell it you reduce your 17c purchase price. If you keep it and the third and fourth cohorts show statistically significant results and the price goes up (for example), you have more exposure and the option of selling them at a higher price or converting them in a few years. Upside to both ways, only you know what risk profile you prefer.
CHM Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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