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Anyone still following this?
Have been reading the recent news releases.
Should be relisting anytime soon. Original price for admission of new shares was supposed to be £2.67…..
Thanks for sharing this link MRALF. Appears that the company sees itself with a 600 million USD market cap by end of 2021 (actually significantly reduced due to Covid), which is approx 4 USD per share. In the coming years it sees itself as a 5 to 10 billion company.
From memory it was consolidated at 266:1 with a planned price per share of 1.07 GBP before the reverse takeover.
As per RNS of 5th August...
"The Company's readmission process of the Company's shares to the Official List of the London Stock Exchange (by way of a Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities (the "Listing Application") is ongoing."
As of RNS on 3rd August...
"the Company now expects the re-admission of its ordinary shares will occur towards the end of August or in September 2021..."
Glad to see my holdings in Chal will actually have some value soon!
I recall the opening price should be 1.07GBP from a previous RNS?
Are my eyes deceiving me or is this about to break out of a long descending wedge?!
I remember someone posting a while ago about the completion of a harmonic pattern at around 100p with an anticipated price target of around 160 ish..?
Approval granted for the reverse takeover to go ahead…
Finally might get to see some money back here by end of July!
As a long term holder, its always frustrating to see a discounted placing, especially when you've averaged up over the past 6 months.
However, this looks like it could be the springboard for the share price to hit multiples of the current price by the end of the year.
Interestingly, from the chart perspective (daily chart), there is a gap that "needs" to be filled down to the 1.5 area caused by a gap up on the morning of 21st May. ...
Very interesting.... Certainly on the monthly / weekly chart you could convince yourself of an inverse head and shoulders pattern playing out, with currently just forming the right shoulder. Rise to 3 area should complete the pattern....
From the technical / chart perspective, we've possibly just closed a gap at 1.75 area (daily chart) created by a gap up on the morning of 30th March.....
There is actually another, lower gap, from 1.6 to 1.72 caused by a gap up on the morning of 11th March (daily chart). Up until now, all price actions testing downwards have bounced off this, so I wasn't sure whether this was one of those "gaps that dont have to be filled" scenarios. Watching carefully..... Have some of the wife's ISA to add to if we get to that point.... ;)
https://pbs.twimg.com/media/Ez5mWSlWQAATYHk?format=png&name=small
Hopfully the above link will work.... Actually I should have said bull pennant rather than flag...