Hi Lester I also think they are full of it re:JV talks.. Native...

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sunnydayz

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23/10/19

14:18

Post #: 41031395
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Originally posted by lesterburnham ↑

Sunny, share the frustration, we've all been here since BHP first broke news cause its the only damn play in town. Didn't expect management could/would be this ordinary. The failure to capitalise on last weeks' BHP results with at least some even self-serving news is just plain weird.

So many mixed signals here...on the BUY side:

There's likely to be a world class mine literally just over the fence
Geophysics on CHK tenure allows targets - if they can be assed working them up and explaining them to the market properly
Most definitely under-explored
JV terms are OK...IF the document holds tight.
Any MD/CEO with a pulse and fully clothed should be able to raise money at this EV

On the SELL side:

Well, where are management. home detention? no pulse?
per above, next CR will be dilutionary all day long and friends and family only
or, worse still (and is this is the smell Sunny) something is amiss and the COY CANT promote the project - JV doco written in pencil? native title lock-out? permit issues?

Idea that the company can't promote because its in JV discussions doesn't hold up. There is no such clause.

Good luck all, no idea how this plays out.

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Hi Lester I also think they are full of it re:JV talks..
Native title and permit issues sounds more like it.
Smellier by the day

CHK Price at posting: 1.2¢ Sentiment: None Disclosure: Held
5 Upvote

2 Great analysis

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