CHN holders best bet is that CHN quickly proves this resource up (mid year) and finds a buyer and doesn't get taken over...
2 billion (if that is what is paid) divided by 2 divided by SOI = around $3.00 cash back per share making holders half as rich as if they sold the lot now........ and the company to retain 1 billion in cash for exploration....
With the added advantage of holders still retaining "all" their shares in a CHN that will sooner or later prove up Hartog that will not be part of the Gonneville sale - rinse and repeat......
Rambling a bit but that is what I would be hoping for if I was still holding...GL
Fair Price for CHN with current resource ?, page-175
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Last
$1.60 |
Change
-0.060(3.63%) |
Mkt cap ! $620.4M | |||
| Open | High | Low | Value | Volume |
| $1.69 | $1.71 | $1.57 | $4.596M | 2.850M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 35885 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 55793 | 2 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| CHN (ASX) Chart |