And Chalice own 100% of Mogoraib North which is a lot more attractive to investors.
I think this sale of Zara may end up proving to be shrewd move.
A lot of retail shareholders seem unhappy but I think we would have struggled to get funding for Zara. Now Chalice are cashed up (cash will be 50% higher than the current mkt cap), have an exciting project and we can look at other projects around the world as other juniors face the wrath of the financial markets and the difficulty of raising cash in the current environment.
mogoraib north project - the new bisha?, page-2
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$1.51 |
Change
-0.015(0.99%) |
Mkt cap ! $591.3M | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.56 | $1.46 | $3.922M | 2.628M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 27771 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 14260 | 15 |
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