Going to be a decent few weeks for CHP by the looks of it
GPU.One deal re negotiated and CHP has ended up with a far better deal (compared to the prior deal on a dollar per share basis)
Directors also recently stated that 20Four is looking to be listed this current quarter
Also news regarding SynDynamics + MJLS is well overdue
Directors taking up $250,000 worth of stock each in this current raise
Bitcoin price was around $8000 AUD when we first heard about this deal, now sitting 30%+ higher at $10,500+ and rising, theoretically giving the company not only better market conditions for it to mine crypto with, but also higher profit margins.
Target of 2.5c based on a $37.5m market cap for CHP with 1.5bn shares on issue post this current raise.
CHP Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held