This to me is the identical approach that the main man at Sandon tried at MVT (also a director at MVT). There he built up a big stake in MMX. Cash backing there was around 5 cents yet attempted a share buy back approximate at 4.2 cents I think from memory. It took a long time but he came back later with a takeover at 5c. I think we may be in for exactly the same here. Apart from the cash here in CHZ there maybe assets of other value, then also value as a shell company itself with tax losses to utilise. Small shareholders should probably try to be patient and get taken out at much better levels than 3.5 cents. Don't be a frightened sucker and sell into the buy back.
CHZ Price at posting:
3.3¢ Sentiment: Hold Disclosure: Held
