I agree broadly with what you say, if CHM can survive the next 12 months without and nasty surprises I can see multiple opportunities opening up. I'm not game to predict a sp price, but i expect to make anything between a minor profit and something that may put a smile on my face.
Your points about raising money I believe are accurate, but the money is there, just harder to get. [One Aust Bio did a placement in the last fortnight at a premium to the 5 and 10 day closing sp after it was approached by a biofund.]
The only thing that really worries me is the very generous packages enjoyed by the CEO and her team, hard to justify.
I have held for around 2 years and am happy to lurk in the background.
GLTAH
CHM Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
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