CHN have budgeted approximately 3 million per month and specifically focused on their drilling targets and PFS. Their cash reserves on hand gives them at least a two year window without any concerns to raise cash. They have a business plan to improve the SS metrics as announced in the recent quarterly.
The shareprice speaks volumes at the moment due to an underwhelming SS and beaten down PGE prices. The market doesn't lie, but it can also be artificially manipulated. Only the algorithms can paint you the real picture!
The management team aren't sitting on their hands and sulking over a what was an overly optimistic SS, but are actively being proactive in their approach to conserve cash and still meet targets on time and more importantly budget. Time will tell?
CHN have budgeted approximately 3 million per month and...
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Last
$1.32 |
Change
0.130(11.0%) |
Mkt cap ! $511.4M | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.35 | $1.19 | $9.396M | 7.339M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5300 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 32293 | 3 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$1.33 |
Change
0.130 ( 11.9 %) |
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| Open | High | Low | Volume | ||
| $1.20 | $1.35 | $1.20 | 1071385 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| CHN (ASX) Chart |