The past 4 weeks has been a good one for CHP with the stock slowly creeping off the long time base of .005 and hitting a recent peak of 1.4.
Currently sitting at 1.2 with a market cap of $12m with the following going for it.
$3.2m cash
$12m market cap
Directors buying over $600,000 worth through rights issue + one continuing to buy on market
- 20Four has massive names attached to it + peer comparison is Unscriptd planning to list at a market cap of $88m. Conservative thinking would put 20Four valuation at around $30-$40m, valuing CHP’s current 39.25% holding at around $12-$16m, more than the current market cap alone
- MJLS with Karelis/Washer/Jason Peterson on board, owning 50% stake for $500k USD, easily a multi bagger given the current market for MM and the caliber of people they are dealing with who are spinning this IPO out.
- SynDynamics with a 50/50 JV deal already signed, tick of approval from CSIRO & 10,000 MT P/A signed as well.
- New blockchain advisor Mike Cohen has been signed to CHP to help in assisting with a blockchain acquisition. With the company holding $3.2m in cash, they are well positioned to acquire one in the near future following this appointment.
1.2c / $12m market cap seems rather low for a company with the above going for it.
CHP Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held