Sometimes you need to look beyond the short term flows to make good money.
This is a Tier 1 asset, owned 100% by Chalice.
The resource contains metals that are and will be in demand over the investment horizon, so it pays to be patient.
The current weakness is, IMHO, just a play to limit the SPP take-up. If I'm right, this will rally after the SPP closure. Remember, the Placement was well subscribed by the institutional and sophisticated investors at $7.30.
DYOR, AL
Ann: Share Purchase Plan Opens - Letter and Offer Document, page-28
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Last
$1.38 |
Change
0.030(2.23%) |
Mkt cap ! $534.8M | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.38 | $1.35 | $3.483M | 2.552M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8720 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 12464 | 1 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| CHN (ASX) Chart |