CHP The minimum price of any CR to be completed by the company...

CHP

The minimum price of any CR to be completed by the company is 1.8 cents (as is seen in the table provided by the company) with them ideally wanting to be able to raise @ 2.2 cents/2.5 cents for the minimised dilution factor. Being the current share price is 1.7 cents & with many holders & punters anticipating an announcement surrounding a possible blockchain/crypto investment, this makes it quite an attractive entry point

20Four worth $7.8m MINIMUM prior to the ASX raise to be completed (minimum $1.2m raised) listing next quarter & the company is already in advanced stage negotiations with a target shell to complete an RTO

CHP has an estimated cash position of around $3m

CHP’s 9.3% investment in RFN is currently worth $1.7m assuming they haven’t sold any

CHP’s 50% investment in MJLS entitles them to a 25% holding in Aunt Zelda’s, that company is worth a mint and MJLS is run by gurus of the MM industry & a heavy hitting broker.

80% investment in SynDynamics with a 50/50 JV signed for 10,000 MTPA of waste in PNG with a large company & CSIRO approval.

On a chart/TA basis, the stock looks ready to pop to the upside IMO given the tight trading range it has been trading within the ascending triangle it is looking to break out from

1.8 cents appears to be the key level on the chart from this stock to break and hold IMO

DYOR