1 BHP share for 2 Chalice shares works very well for Gonneville only. Equals more than $20 per share which would easily be accepted by the board and holders. Only dilutes BHP share base by less than 5%.
Chalice could then recapitalise at say $1 per share with existing share holders having the first opportunity to buy in. That would raise over $400 Million enough to keep drilling for the next 5 years.
CHN chart, page-4963
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Last
$1.05 |
Change
0.018(1.69%) |
Mkt cap ! $404.5M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.05 | $1.02 | $581.5K | 559.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 24698 | $1.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 52219 | 7 |
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| Last trade - 11.10am 03/09/2024 (20 minute delay) ? |
| CHN (ASX) Chart |