This low SP is disasterous for CHM. Think about it. CHM is geared up for a MMX comapny worth much more than $2.30. I would say more $4.50 plus. CHM lending etc is geared at this range.
At 2.30 they are completely stuffed even if they won. Literally over a Billion shares on issue. MMx at say sub 2.00 equates to around 10 cents a share and thats if they got it all which even in the best scenario is impossible.
Jack hills and Weld range look like being worth bugger all anyway !!!
Food for thought CHM holders.
MMX Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
