In the interests of not perpetuating that 50 Bagger thread which is just rediculous - i thought i would start a new one.
This share is currently barely valued above a shell and is sitting around where the most recent placement was completed with a number of potential catalysts in the short term which based on current MC could potentially provide short term 2-3x returns IMO.
Fast Facts:
Ticker: CHK - most recent raise at 1.3c (will be resistance and support)
Options: CHKO - 1.8c conversion exp 18 April 2020
Current SOI CHK- 435,947,574
Current SOI CHKO - 230,635,367
Current MC @1.2c = $5.23 mil
Current Cash @ 30 June 2017 = $1.89 mil
Current EV = $3.34 mil
Fully Diluted MC, Cash and EV = $8 mil (or at 1.8c which is conversion price $12 mil), $6 mil cash and either $2 or $6 mil EV.
I will not go into their current tenements and exploration at this stage as i believe it is readily available on the ASX and CHKs website - but some notable recent annoucements to review would be from the following dates:
7 August 2017 - Outstanding Copper and Cobalt Grades at Wee MacGregor
31 July 2017 - June 2017 Quarterly Activities and Cashflow
24 July 2017 - CHK to target High Grade Copper-Cobalt Mineralisation
27 June 2017 - Investor Presentation
Upcoming Catalysts:
Assay Results to confirm recent preliminary results from Sampling
Update on potential drilling commencement
Update on approval of tenements from Cobalt X acquisition
Strengths:
Granted Mining Tenements - Wee MacGregor
Brownfields Exploration - Wee MacGregor and Mt Cobalt
Stable Country
Weaknesses:
Need for CR within the next 6-9 months
Poor management communication and extended/missed time frames
All IMO - DYOR
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- CHK - Copper, Cobalt and Gold potential - $5.2 mil MC
CHK - Copper, Cobalt and Gold potential - $5.2 mil MC
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Mkt cap ! $10.76M |
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0.3¢ | 0.3¢ | 0.3¢ | $0 | 2 |
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11 | 24788203 | 0.3¢ |
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0.4¢ | 13597379 | 21 |
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11 | 24788203 | 0.003 |
27 | 34472694 | 0.002 |
29 | 45496798 | 0.001 |
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Price($) | Vol. | No. |
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0.004 | 13597379 | 21 |
0.005 | 9678584 | 8 |
0.006 | 2512154 | 7 |
0.007 | 2075909 | 3 |
0.008 | 453545 | 1 |
Last trade - 10.10am 25/04/2024 (20 minute delay) ? |
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