Australia's largest stock trading and investment forum Australia's #1 stock forum

ALR

0.00%

0.3¢ altair minerals limited

springer April 2020 isn't too far away and another $7.5 million .

First 93 Last

Share
Profile

Follow
whatsup

10,861 Posts.

271

29/11/18

07:21

Post #: 36680607
Share

Originally posted by springinhetveld ↑

LOL I came into CHK for the Cobalt early in 2017. After the SP crash never bothered to sell as it just was not worth it. Now almost back in the green (after two +100% days).

Question, since I have little knowledge about this. Do you guys think CHK is really going to drill or is this just to make sure they can sell for a higher price by "threatening" to drill? If BPH and/or RIO are convinced the goods are also in the CHK areas I would expect them to buy us out ASAP. And that would be cheaper now then after drilling. And CHK does not have all that much funds to do this kind of rather deep drilling (deeper is more expensive after all). Also big risk for CHK to actually go drilling I would think. If it is a dud they would have spend their last money on the drilling...

So if I were CHK I would probably be selling the resource to the highest bidder. Leaving the company with a sheet load of money (e.g. 30M) to do some real exploration on some other prospective areas. Would be a wiser move then playing the "all or nothing" card on a couple of really deep dril holes.

Of course CHK could also "milk to market" by doing a CR to fund the drilling program. There seems to be enough market interest

So how do you guys think this will play out? Sell, drill, or CR?

Expand

springer April 2020 isn't too far away and another $7.5 million .

CHK Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BUX

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

There are more pages in this discussion • 22 more messages in this thread...

First 93 Last

Add ALR (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $12.88M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$26.64K	8.881M

Buyers (Bids)

No.	Vol.	Price($)
3	1987191	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	11939452	14

View Market Depth

No.	Vol.	Price($)
3	1987191	0.003
23	45800155	0.002
17	28199892	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	11939452	14
0.005	7337991	14
0.006	6617773	12
0.007	2325000	7
0.008	3203544	4

Last trade - 14.46pm 04/10/2024 (20 minute delay)

ALR (ASX) Chart

springer April 2020 isn't too far away and another $7.5 million .

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

BCI reaches close of funding facility for salt-first part of Mardie project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

springer April 2020 isn't too far away and another $7.5 million .

Top Stories

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

BCI reaches close of funding facility for salt-first part of Mardie project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News