I hope for your sake they don't announce they have have permission to drill in the State Forest while you are short. That WILL happen at some point in the next few months if all goes according to plan. Don't be caught out when the music stops and "The Release" come out.
$9 is probably fair for what they have now - I had a $2.5 to $3 bill NPV (361 M shares on issue fully diluted) in December last year (https://hotcopper.com.au/threads/capital-raise-story.5790324/page-12?post_id=49254793) but am mentally carrying that much again if the State Forest comes up trumps. Could be more but lets keep it real at his stage. These opportunities of scale are rare and I took my own advice to back up the truck well before that. The institutions are of the same view I believe and the SP is now starting to reflect the exploration upside: the current drilling has now been "banked" into the market cap. Pyramid Hill is a long odds potential bonus - the other Ni-Ci-PGE WA projects are more likely to provide upside in the next 12 months.
Shorting is legitimate and good luck to you but is way more risky (IMHO) with CHN than being "patient" over the next year.
GLTAH
- Forums
- ASX - By Stock
- CHN
- Ann: Presentation - Arlington Webinar
Ann: Presentation - Arlington Webinar, page-67
-
- There are more pages in this discussion • 110 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
Add CHN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.31 |
Change
0.020(1.55%) |
Mkt cap ! $509.5M |
Open | High | Low | Value | Volume |
$1.32 | $1.38 | $1.31 | $4.246M | 3.177M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 115841 | $1.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.31 | 37678 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 9760 | 1.295 |
4 | 30375 | 1.290 |
1 | 10000 | 1.285 |
4 | 29600 | 1.280 |
4 | 32893 | 1.260 |
Price($) | Vol. | No. |
---|---|---|
1.310 | 37678 | 1 |
1.320 | 20000 | 1 |
1.325 | 4000 | 1 |
1.335 | 8000 | 2 |
1.340 | 20000 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
CHN (ASX) Chart |