CHZ chesser resources limited

Ann: Fortuna Silver to acquire Chesser Resources, page-32

  1. 1,469 Posts.
    lightbulb Created with Sketch. 1030
    I've spent most of the day looking at Fortuna. I'm not sure I want exposure long term to precious metals through it. Some of its mines are running at comparatively high cost with declining grades & have a short reserve life. Further, there have been staff blockages recently at the Mexican mine re an employee dispute regarding profit sharing. Nonetheless, it's offered a substantial premium for Chesser & I'm not leaving the sizeable difference from where CHZ is trading to the offer for someone else. Keenly awaiting the cost details for the selling facility for those that would have a holding of less than 18,000 Fortuna shares post takeover.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.