Time goes by, and nickel and palladium prices are not recovering. Meanwhile, the spending machine @ CHN continues to run amok. Yes, they currently have 'adequate' cash reserves, but come the end of the year or no later than mid-2025, surely a placement is inevitable. Most likely well south of $1 and who will we be feeding? The astute shorters. Don't blame the shorters; blame management, who have taken outrageous risks with shareholder funds by continuing to spend like drunken sailors. They still act like a multi-billion $ mining company, which they are not. What is needed is a vicious purge of expenses and a complete reality check about the risks of metal prices being lower for longer.
CHN Price at posting:
$1.08 Sentiment: Hold Disclosure: Held
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