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$1.27 chalice mining limited

Ann: Trading Halt, page-162

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10/04/20

20:02

Post #: 43992982
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Originally posted by kyngdominion: ↑

Please no more Capital raise posts..It dilutes the excitement and expectation of the Tuesday announcement as it will the share registry if true... If CHN were DEV or many other stocks on the ASX they would because they would need to.... but IMO they would have mentioned it in the Trading halt announcement along the lines of --"Exploration results at Julimar and a CR"--
It would be much smarter to sell the liquid assets they have in RMS and QIII Mining when they need to and drill the crap out of Julimar and complete a raise much higher IMO.....$1.50 would make much more sense ..........That's of course if this find is as good as it seems to be shaping up to be...........Only 33 million shares would be added to the register with a raise at $1.50 instead of 100 million with a raise at 0.50c......Management will keep dilution to a minimum because they have so much invested in CHN.....I know that's what I would do if I was in there position....AIMO...

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I've been arguing they need to raise capital now.

So, lets raise $15 million at 55c. keep the O3 and RMS investments.

CHN can't bank on $1.50, that is like 3x times its current share price, a year from now !

we could be back in the 20s

CHN Price at posting: 56.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.27		Change -0.070(5.22%)		Mkt cap ! $493.9M

Open	High	Low	Value	Volume
$1.30	$1.31	$1.24	$5.166M	4.028M

Buyers (Bids)

No.	Vol.	Price($)
1	49675	$1.27

Sellers (Offers)

Price($)	Vol.	No.
$1.28	200	1

View Market Depth

No.	Vol.	Price($)
1	49675	1.265
2	1773	1.260
1	4800	1.255
5	22708	1.250
2	13280	1.245

Price($)	Vol.	No.
1.280	200	1
1.285	19640	2
1.290	59675	2
1.295	9770	4
1.300	25555	5

Last trade - 16.10pm 17/06/2024 (20 minute delay)


Last $1.27			Change -0.070 ( 5.61 %)
Open	High		Low	Volume
$1.28	$1.31		$1.24	1044967
Last updated 15.59pm 17/06/2024 ?

CHN (ASX) Chart

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