Information for newbies wondering what CHK is about, page-2

First 2 Last

Share
Profile

Follow
whatsup

10,739 Posts.

267

05/01/22

12:57

Post #: 58654613
Share

Originally posted by TmrwsAnthrDay ↑

Hi all, I hope you don't mind me posting a new thread. I found this information on Reddit by a user and I thought it was very insightful and deserved to be shared here. It might help newbies who are wondering what CHK is about and wanted to learn more. I'm not sure if the information if 100% accurate (therefore, please let me know if I need to correct any of the information) and it was posted 10 months ago but I felt the redditor did a nice write up:

- Cash at Bank of almost $7m and 12 new holes in a drilling program to follow up on the 4 holes.
- We have a chairman who has plunged in $1.5m approx of his own funds at higher prices than where we are at now.
- We have the 80% issue with tenements solved.
- We have the Agri opportunity in Gypsum for cash flow nearing a final solution once the mining permit being is granted.
- The ground we hold is arguably the best piece of dirt in Australia surrounded by BHP , FMG , Oz Minerals on all sides of us.
- It took bhp 20 or do drill holes to hit paydirt ,Copper is the new lithium if you consider that 120 kg’s of copper in every EV not to mention all the other green new thingy’s it will be installed in.
- The next 12 hole ++ drill program not far away from being announced.
- Price will reflect that it’s only 5/6 weeks since the price was violently pushed down by a few big holders who are holding a lot less I’m told.
- Chairman purchased another 5 million shares in market taking his holding above 100m shares.
- Copper still on a tare.
- BHP looking over our shoulders.

His summary: Lots of exploration drilling being planned, approvals should be announced soon for rigs to start mobilising. I’m expecting at least $3m to be pumped into chasing that copper that we have had really good information on over holes 3 and 4 if last drill program. Chairman as stated has increased his holdings , turnaround is close to beginning. If we get onto the copper like BHP did there will be no stopping this share price. With $7m in the kitty , there’s enough money at bank to have a good go plus there are government grants available that might support drilling that we should be applying for.

I have no intention of breaking the Australian Securities and Investments Commission Notice 5 rules below. So it my post does please let me know and I'll remove it immediately. Thank you

Expand

T A D, yes and fingers crossed for 2022 !

CHK Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

The Rising Tide: How institutional adoption is shaping the future of crypto

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

POS

After $15M MinRes plant sale fell through, Poseidon Nickel flags gold rock chips at Lake Johnston

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

There are more pages in this discussion • 2 more messages in this thread...

First 2 Last

Add ALR (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $17.18M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
5	29564642	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	14870168	20

View Market Depth

No.	Vol.	Price($)
5	29564642	0.004
15	23298341	0.003
10	48799658	0.002
18	42699890	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	14870168	20
0.006	9205418	13
0.007	2170209	5
0.008	453545	1
0.009	3139736	5

Last trade - 11.18am 26/08/2024 (20 minute delay)

ALR (ASX) Chart

Day chart unavailable

Information for newbies wondering what CHK is about, page-2

The Rising Tide: How institutional adoption is shaping the future of crypto

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

After $15M MinRes plant sale fell through, Poseidon Nickel flags gold rock chips at Lake Johnston

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Information for newbies wondering what CHK is about, page-2

Top Stories

The Rising Tide: How institutional adoption is shaping the future of crypto

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

After $15M MinRes plant sale fell through, Poseidon Nickel flags gold rock chips at Lake Johnston

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News