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$1.07 chalice mining limited

A drill a drill my kingdom for a drill, page-8

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punterjohn

49 Posts.

23/08/19

19:03

Post #: 40126433
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Originally posted by mcbain1: ↑

Cant see anything in that which would cause me to jump overboard.

In my mind this is now beyond boring and well into brassed off territory.

This is the third time recently (that I am aware of ) that 1 million odd shares have been offered for sale very late in the day - at a discount to the last sale price.

Previously the seller waited for a price and not many were sold and the balance were withdrawn.

However today the seller scooped up buyers down to the 16.5/17 cents level - again right at the end of the day.

Makes me wonder if there is a takeover bid out there somewhere - the company has a big pot of cash and a fabulous footprint in the Victorian goldfields and now with a MC less than $50 million - sounds like a very juicy target in this current cash rich environment when cash can be borrowed at negligible interest rates..

What is a good defensive strategy? - start drilling like crazy

I have not seen any drilling schedules at all

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Don't worry Mcbain 1,just a shakeout by the heavies.Watch for a test on the monthly charts of the vertical takeoff with heavy volume last month
Kind regards
Punter John

CHN Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.07		Change 0.005(0.47%)		Mkt cap ! $416.1M

Open	High	Low	Value	Volume
$1.08	$1.09	$1.05	$1.747M	1.639M

Buyers (Bids)

No.	Vol.	Price($)
1	5000	$1.07

Sellers (Offers)

Price($)	Vol.	No.
$1.07	46301	1

View Market Depth

No.	Vol.	Price($)
1	5000	1.065
1	10000	1.060
4	119677	1.055
4	34146	1.050
5	48629	1.045

Price($)	Vol.	No.
1.070	46301	1
1.075	10629	1
1.080	28620	4
1.085	10629	1
1.090	13145	2

Last trade - 16.10pm 29/07/2024 (20 minute delay)

CHN (ASX) Chart