Nice to see the dumping is now completed and we move forward into the accumulation phase as the smart investors position themselves for the next inevitable leg up.
CHK - MC = $8.65 Million ( @ .013c)
ARE - MC = $34 Million ( @ .022c)
Plenty of news flow expected in coming weeks to provide stimulus to the share price.
Key Short Term Catalysts:
1/ BHP re sampling old drill cores results ( results may or may not be released to market?)
2/ RDM/OZL drilling results.
3/ BHP to commence follow up drilling campaign early 2019. BHP drilling budget increased to $7 Million for 2019.
4/ ARE/AIS drilling at Lake Torrens scheduled to commence mid January 2019.
5/ Possible deal with several parties already in discussions with CHK management. Deal could come at anytime!
“Furthermore Cohiba has in the past few weeks has been in preliminary discussions with various parties willing to discuss collaboration on the Horse Well Project, although the form and nature of any collaboration remains under discussion. Although these discussions are incomplete and preliminary in nature, in light of recent events, CHK has increased confidence in its ability to negotiate a favourable outcome for our shareholders."
6/ Exploration update from CHK management.
“We are excited to now commence a systematic exploration program on the Olympic Domain project area with a particular focus on Horsewell which lies 2km East of BHP’s recent Oak Dam discovery. The company and its technical team, which is made up of industry leaders instrumental in the Carrapateena discovery, believe this area is highly prospective for the discovery of further significant mineralisation."
7/ Drilling permits for Horse Well Project.
"We will keep the market informed and at the moment it is business as usual with Cohiba and its joint venture partnerseeking to finalise permits to enable us to commence a drilling program as soon as practical.”
8/ Pyramid Lake Gypsum Project Update.
9/ Wee Macgregor drilling/assay results update.
