Would imagine it’d be near impossible to get people investing at a 100%+ premium to the current share price, it’s been an extremely choppy market the past few months that not a lot of people saw coming.
In saying that, they have successfully raised over $7m through CPS Capital who are one, if not the best ‘boutique’ broker in Australia so that speaks volumes for me. They liked what they saw enough to dump that much of client money and possibly some of there own into it.
CHP Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held