The share price has taken a hammering this year due to lack of exploration and the time in getting the project finalised. The time came last Tuesday when I decided to buy back in at 26 cents - the opportunity was too good to miss.
On Friday, CHN started to get some nice momentum and finished the day strong at 0.335 with a strong buy side and a thin sell side.
As has been noted here, there has been director buying over the last few weeks.
I am expecting the following news in the second half of 2011 and this is what has prompted me to buy back in. With the Director's buying in, I believe news is not too far around the corner. Gold looks to be heading towards $US2000 as well so 60 cents by Christmas would be very nice!
News expected before the end of 2011:
* Final approvals and project development now that the sale of project equity has been finalised
* Drilling results from the renewed exploration
good buy imo
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Last
$1.78 |
Change
-0.155(8.01%) |
Mkt cap ! $692.4M | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.96 | $1.78 | $8.548M | 4.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1200 | $1.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 57278 | 2 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |