I dont think they actually wanted CMY and thats why its a rubbish lithium spec earning CHP fees. I think either CMY will hit pay dirt (fluke) or eventually fold. I think Dykes and co. got stuck holding a dead dog when their plabs to RTO it fell through and now nobody else wants it.
CHP is different (to CMY) in that there seems (????) to be a strategy of investment where as the lithium at CMY was needed because they had nothing else. So I see them as two totally different companies, even if there is the same management. If none of these investments develop and bear fruit then yes, you can expect a rinse repeat etc as they look for new projects. But I hope that they are not that rubbish at their jobs. Id hate to be holding CMY alot more than CHP right now
CHP Price at posting:
1.8¢ Sentiment: None Disclosure: Held
