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
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Last
$1.08 |
Change
-0.010(0.92%) |
Mkt cap ! $418.1M |
Open | High | Low | Value | Volume |
$1.07 | $1.09 | $1.04 | $2.474M | 2.323M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 40061 | $1.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.08 | 9263 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 40061 | 1.065 |
2 | 9000 | 1.060 |
4 | 44679 | 1.055 |
5 | 24756 | 1.050 |
5 | 54527 | 1.045 |
Price($) | Vol. | No. |
---|---|---|
1.075 | 9263 | 1 |
1.080 | 19461 | 3 |
1.085 | 63629 | 5 |
1.090 | 51981 | 7 |
1.095 | 210 | 1 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
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