oh shut up, it’s clearly CXO is desperate to take over. CHR is...

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The0Investor

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09/09/24

13:39

Post #: 75592614
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Originally posted by Bluegoose: ↑

Let me clarify.

CXO don't need the Bynoe project from CHR.

BUT CHR most definitely need CXO to get any value whatsoever from the Bynoe project.

Will CHR throw away another $500K to own 100% of a project that is totally worthless without CXO involvement and infrastructure?. Perhaps they will.

Regarding SP of both companies, anything is possible for either company. The point is, CHR are currently trading at a 30%+ premium to what they were prior to the CXO interest in them. Most other mining companies in this space are at their 1 or 2 year lows right now, and I doubt CHR would be above 6 cents if the CXO deal is not pursued. If CHR pay the $500K in the next 60 days, when will they need to raise more cash??.

Anyway, to be honest, it's such a small deal for CXO I couldn't really care less. It probably benefits CHR more than CXO to go ahead with it in some shape or form.

$500K for 30% of Bynoe also implies a total value of around $1.5M for the Bynoe project. So the CXO offer was indeed valuing all the other assets CHR has as well, and paying a 30-40% premium above what the market valued CHR at the time.

I see CHR is now on the Niobium train, since Lithium is not the flavour of the day. Trying to find the next pump to enrich the CHR board and insiders.

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oh shut up, it’s clearly CXO is desperate to take over. CHR is fine and has funding from RIO. No benefit at all for CXO besides the fact the interest shows there is something down there. Not long ago this was trading close to $1. Yes the market is in shambles but it is rebounding. Furthermore CHR may also have niobium. CXO is just trying to be smart and buy cheap lithium as prices will rebound.

CHR Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.0¢		Change 0.000(0.00%)		Mkt cap ! $3.871M

Open	High	Low	Value	Volume
5.0¢	5.0¢	5.0¢	$1.25K	25K

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No.	Vol.	Price($)
2	10433	5.0¢

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Price($)	Vol.	No.
5.3¢	25000	1

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No.	Vol.	Price($)
2	10433	0.050
2	66226	0.049
3	111222	0.048
1	100000	0.047
3	171666	0.045

Price($)	Vol.	No.
0.053	25000	1
0.054	100000	1
0.059	95403	1
0.060	49605	1
0.065	46173	1

Last trade - 14.55pm 30/07/2025 (20 minute delay)

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