direct placement (no fee), raised at market closing price (0.016 no discount), directors bought more shares 290k AUD value. Excellent raise for a minnow, i imagine they had a very good presentation!
Drilling two holes at horse well then onto Pernatty for the next two holes. Fully cashed up for the program.
Also have 30m NPV gypsum project which they are in final stages of permitting etc and could provide ongoing revenue.
Very little risk at this level and potential news flow.
CHK Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
