I agree especially when the Ni recoveries are in the low 40%.
Sorry to state the obvious to all those posters keen on CHN but my view soon after the SS was released (expressed on HC) was the CHN SP was going to keep on gradually falling, which it unfortunately has. My view is still unchanged ie the CHN SP will continue to gradually fall until there is a positive catalyst. That will then be the time to buy not before as catching a falling knife is very difficult. A positive catalyst will not be more of the same assays that have been reported to date but needs to be much higher grade assays than reported to date or a major investment from a third party.
CHN is still a sell for me but I am looking out for the positive catalysts to change it to a buy - I have no idea when and if that catalyst will arrive.
Ann: Gonneville Nickel-Copper-PGE Project Scoping Study, page-1081
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Last
$1.02 |
Change
0.020(2.00%) |
Mkt cap ! $396.8M | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.05 | 97.5¢ | $2.489M | 2.464M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2907 | $1.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 3000 | 1 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| CHN (ASX) Chart |