Well this interview did nothing to help the SP not that it may have had any influence anyway - the SP is down another 20%. Maybe brokers have dug into the details and realised the SS presented a lemon of a project.
I just started to listen to this interview and can not believe the stupid comments the CEO makes at the beginning. It seems he does not get it. He is making every excuse he can think of for the fall in SP except that the SS contained amazing optimistic assumptions that people saw right through - e.g. spot metal prices mean nothing for a mine producing in 2029 and we did not expect the reaction we received to the SS. Sorry but he must be on another planet to make comments like this. CHN need to replace him as CEO and the sooner the better.
I note no one has responded to my 3 questions about other examples of SS or PFS and DFS studies with similar optimistic assumptions. That may mean there are none!
https://hotcopper.com.au/threads/ann-gonneville-nickel-copper-pge-project-scoping-study.7555375/page-500?post_id=69705999
Ann: Gonneville Nickel-Copper-PGE Project Scoping Study, page-595
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Last
$1.80 |
Change
0.070(4.06%) |
Mkt cap ! $698.1M | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.86 | $1.71 | $9.215M | 5.085M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.82 | 11218 | 3 |
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| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
$1.81 |
Change
0.070 ( 4.74 %) |
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| Open | High | Low | Volume | ||
| $1.76 | $1.86 | $1.72 | 715016 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| CHN (ASX) Chart |