1 BHP share for 2 Chalice shares works very well for Gonneville only. Equals more than $20 per share which would easily be accepted by the board and holders. Only dilutes BHP share base by less than 5%.
Chalice could then recapitalise at say $1 per share with existing share holders having the first opportunity to buy in. That would raise over $400 Million enough to keep drilling for the next 5 years.
CHN chart, page-4963
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Last
$1.60 |
Change
0.055(3.56%) |
Mkt cap ! $622.4M | |||
| Open | High | Low | Value | Volume |
| $1.57 | $1.65 | $1.56 | $2.767M | 1.719M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2888 | $1.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 1243 | 1 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| CHN (ASX) Chart |