A very unflattering few paragraphs in this weekend's Weekend Australian newspaper. Columnist Nick Evans in covering the best and worst performing ASX 300 resource stocks had this to say about Chalice:
"Savvy market watchers know a company is in real trouble when they see a chief executive calling for a ban on short sellers, and Chalice Mining shareholders have been feeling the sting since late August after the company delivered an underwhelming scoping study on its Gonneville project in WA, tipped as a major deposit of platinum group elements, nickel and copper.
"Initial capital projections of $1.6bn - $2.3bn suggest Chalice will need a buyer - or at least a major partner with deep pockets to build the mine, but despite intense speculation none have so far emerged from the woodwork.
"Chalice shares finished down 73 per cent for the year, about the same levels down as would-be critical minerals recycling company Neometals, with former graphite market darling Syrah again taking a battering in 2023, down 68.5 per cent."
Better days ahead??
MM
A very unflattering few paragraphs in this weekend's Weekend...
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Last
$1.57 |
Change
-0.015(0.95%) |
Mkt cap ! $610.7M | |||
| Open | High | Low | Value | Volume |
| $1.64 | $1.65 | $1.56 | $6.776M | 4.246M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10448 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 11713 | 2 |
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| CHN (ASX) Chart |