After having a thorough read of the rights prospectus, I have decided the other thread title is a bit too misleading. I must admit I got caught up in the hype of this one in the mid two cent range. On paper things looked good but the dilution incoming will limit the upside of this stock in the short-medium term imo. 220m shares on issue will approach 500m by the end of the Cobalt X transaction.
Whilst the prospective tenements look good there are a significant amount of cheap/free shares that will limit the upside of this stock imo.
CHK - The real story
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $17.18M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $2.098K | 519.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 11746954 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 16675231 | 22 |
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| Last trade - 15.06pm 11/07/2024 (20 minute delay) ? |
| ALR (ASX) Chart |