re: options or shares ????
Posted 09/02/06 19:37 - 103 reads Posted by trade4profit IP 147.69.xxx.xxx Post #902332 - in reply to msg. #902316 - splitview
Of interest perhaps...
What value on their 55% of the Bau project?
With more than 750,000 ounces of gold, some serious value may be hiding here?
I mention this, because I suspect the recent breach of some fairly significant numbers may be more than just a placement induced spike...or in other words, I sense the smell of news is in the air?
I can't really see anything else that would excite the market (that's not to say there isn't anything), so I am inclined to think this may be it.
But the question remains...will they farm down to a free carry with someone, or sell it outright?
Cheers!
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Trade4profit,
in the most recent quarterly it said...""negotiations are continuing with the original vendor of the project (namely, gladioli enterprises) to structure a deal for an Australian listed entity to take over Chrome Corporation's obligations with regard to the project""
this then means one of 2 things. Chrome will either sell it off or farm it down for a free carry.
I would say chrome will more than likely farm it down for a free carry. why else would they be negotiating with Gladioli if their intention was to sell it off. the Australian entity may also project finance Gladioli's 45% share of the project.
Any idea what value would be placed on 55% share of the project based on today's gold prices?
CCI Price at posting:
0.0¢ Sentiment: None Disclosure: Held