CHN 3.27% $1.42 chalice mining limited

I disclosed here a little earlier in my OP I'm a new holder...

  1. 159 Posts.
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    I disclosed here a little earlier in my OP I'm a new holder 10,000 @ 1.405, expecting some mean reversion to 1.90.

    She could do this steep descending wedge ontop of descending wedge and go to 70 cents in 3 weeks from here, in my view, I still don't care, cause she'll still probably then surge to 1.90 IMO. I might buy tranche 2 of 2, 65% of the 100%, at $1.15. I hold a bit of powder in the case I wanna shoot more torpedos at a new position. And will turn 1/1 tranche into 2/2.

    A few people explicitly speaking against V patterns. V, wonky Ws, whatever. This thing has been taken out back and shot. Doesn't make it a perennial dog.

    The company will likely find a strategic partner for mine development and isn't merely derping around doing nothing in pre-feasibility studies. They consider their big Gonneville resource economic. And can selectively open pit first. Not only that, they seem to be doing what you're meant to. Drill.

    Individual posters sometimes just walk in and say its all just uneconomic. And that's their prerogative. Partly why after looking at financials I pattern recognize on hotcopper. Not for tips. But for intuition. Before I hit buy.
    Last edited by AdaAli: 02/12/23
 
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