Read the announcement ..CFE cash are their cash not CHM they only committing 6.5M for CHM to get a share placement
if it doesn't work out they can write off 6.5M as bad investment if it does work out great decision..
This play out in corporate world all the time nothing special someone think they can make a strategic investment in another company..in their heads no-one ever invest in the company to make a loss making venture but the reality are
sometimes it pay off... other time they walk away empty handed...
TOL and AIO play off in BXB someone make a big loss there Sumitomo 20% stake in NUF they sit on a massive loss
CHM Price at posting:
9.2¢ Sentiment: None Disclosure: Not Held
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