I'm in the same boat as you Wild Bill!
I think the risk reward proposition at the moment is pretty reasonable for how things sit - if all goes well, it's a no brainer to load up at these prices. But if a deal doesnt happen, the consequences are not pleasant; i.e. the company will have been effectively idle for 12 months, capital will need to be raised and the market sentiment will be extremely negative. Furthermore, without China, ENAMCO wont be able to pay... without ENAMCO paying, CHN are faced with financing 100% of a project with 60% of the benefit and not many people are going to finance a scenario like that. It's a vicious circle.
On balance, I think a deal will happen, but the risk side is scary enough (and I am exposed enough) that I'm not brave enough to buy more!
I agree with the comment above that news should be forthcoming sooner rather than later so, at the very least, at least we'll have an answer soon.
I'm in the same boat as you Wild Bill!I think the risk reward...
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Last
$1.42 |
Change
0.045(3.27%) |
Mkt cap ! $552.3M | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.47 | $1.38 | $3.755M | 2.633M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 92785 | 9 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CHN (ASX) Chart |