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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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.18M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $1.267K | 265.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1145000 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 15349902 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 0.004 |
17 | 57653024 | 0.003 |
12 | 49949658 | 0.002 |
17 | 42099890 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 11178402 | 16 |
0.006 | 8605418 | 11 |
0.007 | 2170209 | 5 |
0.008 | 2453545 | 2 |
0.009 | 3139736 | 5 |
Last trade - 13.25pm 16/08/2024 (20 minute delay) ? |
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