Hi Leon, I am a current retail holder of the company with around 2 million shares.
Most of these shares were purchased in the 2/3c range.
I would like to know what the company is doing to try and increase wealth for holders.
With a market capitalisation of only around 5 million, I feel there is huge room for growth.
I have seen many companies in your position that have acquired new projects, within a year to be trading with a market capital of
50-100 million.
Is the company reviewing projects world wide to try and accomplish this. I understand new project acquisitions can take time, but it would be great to know what the company has planned as ASX announcements have been very quiet from the company.
Of course, we keep looking at additional projects – nothing to report to the ASX / shareholders until something material happens – that goes for activities on our existing projects as well.
You will note that the Directors keep adding to their holdings – hopeful that CML too will have its day in the sun.
This end of the market is pure speculation – I assume you know that. I personally have more investment failures than success, but I keep doing it.
Regards
Leon
Dr Leon Pretorius
Executive Chairman & CEO
Chase Mining Corporation Limited
(20min delay)