Hi stockrodI'm not a maths expert but by my simple reckoning,...

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sorest2016

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03/07/21

14:24

Post #: 54258931
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Originally posted by stockrock: ↑

Chimeric has 330,526,401 shares on issue, which even after today's rise to 36.5cents put it at a market cap of A$120.6m

IMU currently has 5.0bn shares on issue, and if we multiply that by 2.9cents.. that would equate to a comparable entry of A$144.0m.

Back in 2019 IMU had approx 3.6bn shares, so if that is when you bought in the market cap would have been approx A$104.0m.

If you take away today's rise in CHM, we were trading around 30 cents which would put us at a market cap of A$99.2m.

So it looks like CHM at this price range is quite comparable to buying IMU at 2.9 cents... and I am very confident CHM will rival and in my opinion, overtake IMU's market cap in the years to come.

One thing to be aware of is that CHM will at some stage need to raise capital, however the next cap raise is not expected until mid to late 2022.. which means we'll have plenty of phase I data to excite the market and lift the share price to a much less dilutive capital raise.

IMU did most of it's capital raising when it was in the 2 cent / A$100m range... which is something CHM has a good chance of avoiding.

goodluck all

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Hi stockrod

I'm not a maths expert but by my simple reckoning, the proportion of CHM shares to IMU shares is 16.6%

16.6% of CHM current price of 36.5c is 6cents, which would be the equivalent entry if we had about 5Billion shares.

Would not surprise me to be wrong but I thinks that's it. Still a low entry point considering the potential.

CHM Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $8.060M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$50.77K	12.69M

Buyers (Bids)

No.	Vol.	Price($)
2	2602327	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	18629873	23

View Market Depth

No.	Vol.	Price($)
2	2602327	0.004
42	25877937	0.003
15	12900505	0.002
12	54600000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	18629873	23
0.006	13884684	16
0.007	3100000	2
0.008	8542434	6
0.009	2327672	4

Last trade - 15.15pm 25/06/2025 (20 minute delay)

CHM (ASX) Chart

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