SP of these stocks is based mainly on investor sentiment. CHK has about 200 mil shares on issue. In the current CR 110 mil to institutions, 4o mil shares to CHK shareholders all at 1.3 c. This should raise about $2 mil.
At last count CHK had about .7 mil in cash; this will give them $2.7 mil in cash.
75 mil shares will also be issued to the owners of the cobalt project. All up about 220 mil shares will be issued.
In total after the CR there will be around 420 mil shares on issue. Cash of about $2.7 mil. They will have both a Li and Co project and no debt.
If the share price drops to 1.3 c that will give CHK a MC of about $5 mil. This will be way out of proportion to other Li and Co stocks. It could happen but I am betting against it.
IMO DYOR
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0.3¢ |
Change
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Mkt cap ! $12.88M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $26.64K | 8.881M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1987191 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 11939452 | 14 |
View Market Depth
No. | Vol. | Price($) |
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3 | 1987191 | 0.003 |
23 | 45800155 | 0.002 |
17 | 28199892 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 11939452 | 14 |
0.005 | 7337991 | 14 |
0.006 | 6617773 | 12 |
0.007 | 2325000 | 7 |
0.008 | 3203544 | 4 |
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