I don't believe the claim can succeed though, certainly not in the manner touted by some.
It would set a legal precedent that would allow any entity that had ever loaned money for a purchase to seize the proportion of the property equivalent to the proportion of the original price they loaned.
Would you want you bank to repossess the $2m house you borrowed $300K from them to buy 5 years ago?
This is why this cannot proceed in the way some believe it could. A more likely award would be around $1m to account for capital return plus interest. This is less than 0.1c per share. Hardly an amount that would set CHM on fire.
IMO this is a manipulation play, probably to allow the CHM directors (and mates) to offload their shares at 4-5 times the price they paid for them.
I don't believe the claim can succeed though, certainly not in...
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $11.37M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $10.43K | 3.475M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 75 | 70427742 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 84897305 | 25 |
View Market Depth
| Last trade - 10.14am 31/07/2025 (20 minute delay) ? |
| CHM (ASX) Chart |