why would one buy chm

never a holder of chm.

my only interest in chm is that I hold mmx.

had a read of chm history. my understanding is chm came back to life because of the possibility of a % of jack hill. yesterday's win has pretty much ended the hope.

the present financial situation:

1) market cap at the time of typing, is c $20 million;
2) a chance to receive $15-30 m from G, may get nothing
3) to pay $9 million to ilg
4) debt of $6.5 m to cfe
5) cash at hand $.5 million
6) some iron ore lease in wa

no income other than share issuing


it's pretty much back to square 1 when it emerged from administration, or worse, with a debt of $6.5 million.

do I want to buy its shares? no.