I am wondering why CHK hasn’t provided any results for the new geophysics over Horse Well in the presentation. The results would surely be in hand by now. One wonders - maybe it doesn’t show what they wanted? That would kill market interest.
The lack of any statement about drill plans is also troubling. Your typical small cap exploration stock would be trumpeting this well in advance.
At least with $2.4M in the bank the risk of a CR appears remote, and not the reason for the release of the presentation. Tick that box.
The only positive theory I can wrap around all of this is that maybe they are holding things up whilst they negotiate with the infamous third party. Wishful thinking perhaps.....
A BHP update this soon? Perhaps, but low odds in my opinion with such deep holes being drilled. Fingers crossed though, it would light up CHK again if we get
another batch that suggests Oak Dam is growing in the right direction.
there doesn’t appear to be any insider buying going on. But at least we appear to have bottomed.
Waiting patiently. It gets rewarded doesn’t it?
Gosouth
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