If CHN could take a leaf from Oxiana/Oz Minerals business model it would be blue skies ahead. Oxiana discovered Prominent Hill and Carrapateena, and brought a couple distressed operating mines in Laos which later become takeover targets after the Zinifex merger to Minmetals. Throw in another producing mine they later purchased at a bargain in West Musgrave mine and they had instant cashflow. This was only due to the amazing team at Oz Minerals. This cashflow then allowed them to fund the highly anticipated Prominent Hill operation and the world was their oyster!
Oxiana was around $4 just prior to the GFC event/disasterand hit a low of 20c. Can you imagine the margin calls during this period...they recovered of course since they had tier 1 assets and BHP offered over $26 in a recent friendly takeover 14 years after the GFC low. These valuable assets were valued at near nothing during the GFC...
CHN have assembled a very professional and experienced team. How will the CHN storyline unfold in these interesting times??
If CHN could take a leaf from Oxiana/Oz Minerals business model...
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Last
$1.32 |
Change
0.130(11.0%) |
Mkt cap ! $511.4M | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.35 | $1.19 | $9.396M | 7.339M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5300 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 32293 | 3 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$1.33 |
Change
0.130 ( 11.9 %) |
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| Open | High | Low | Volume | ||
| $1.20 | $1.35 | $1.20 | 1071385 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| CHN (ASX) Chart |