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
In the interests of not perpetuating that 50 Bagger thread which...
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Change
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Mkt cap ! $12.88M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $300 | 100K |
Buyers (Bids)
No. | Vol. | Price($) |
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16 | 21620518 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 14583166 | 12 |
View Market Depth
No. | Vol. | Price($) |
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16 | 21620518 | 0.003 |
11 | 15333787 | 0.002 |
16 | 27699890 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 11858923 | 11 |
0.005 | 8836991 | 15 |
0.006 | 4911273 | 11 |
0.007 | 2325000 | 7 |
0.008 | 4070211 | 4 |
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