I've been watching Chalice for a while, as I'm a Goyder fan but have been amazed in the value of this. Can't see how this ever got to $10 a share and even now with a Value of $850m it seems over priced.
I'm not saying people buying in now won't make 6-10 bags over the next 7 years but considering that a feasibility study hasn't been done yet amazes me that they're still worth close to a Billion dollars. There is just not enough upside to warrant the risk in putting your money into this.
A buy in around $1.50 as you mention wouldn't be bad considering CHN have a lot of cash in the bank and shouldn't have to CR for a while.
Just my thoughts. DYOR
I've been watching Chalice for a while, as I'm a Goyder fan but...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CHN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.07 |
Change
0.035(3.40%) |
Mkt cap ! $414.2M | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.09 | $1.05 | $2.859M | 2.686M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11150 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 14000 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| CHN (ASX) Chart |