At around $35 WMG would have the equivalent Market Cap of Chalice when it peaked just before the "Short". Why was it shorted ? Possibility because of their being a technical risk around the metal recovery due to the nature of the rocks .
Something worth taking note of is WMG have around 1/4 of the issued shares that Chalice had when their MC was around $3 Billion ,
But Chalice didn't have 2 Rock Drs. in their team who thought the rocks were favourable for a simple float circuit to produce a high value concentrate.
And on their project the drilling contractors preferred to be paid regularly "With Money"
Sheep asleep.
I don't know anything,
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3 | 28154 | 0.240 |
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