CHN have a history of investing company funds into other mineral exploration companies. They did so in 2019 on Spectrum Metals. I believe the ticker was SPX and they made a couple of bags.
it’s possible they realise the palladium market may be in a trough for sometime and they have over $100m to deploy so they may simply be looking for a short term return here.
Ann: Becoming a substantial holder from CHN, page-24
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Last
35.0¢ |
Change
-0.020(5.41%) |
Mkt cap ! $157.4M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 35.0¢ | $156.4K | 427.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26423 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
36.3¢ |
Change
-0.020 ( 3.33 %) |
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| Open | High | Low | Volume | ||
| 37.0¢ | 38.0¢ | 36.0¢ | 89347 | ||
| Last updated 15.48pm 28/05/2024 ? | |||||
| ENR (ASX) Chart |