The way I see it, CE has a few counter attacking moves:
- Accelerate PFS, I’m sure he’s into this already.
- Keep register tight, again last year or so this has been happening, I still think he has the numbers at this stage.
- Play the market, I don’t think GS will let Glencore get it that easily
- I think CE has been planning against this scenario already, we already have the Hannam report pricing us at $8, I don’t think the release of this report was a coincidence, and I’ve never a broker report price a company before at 6 or 7 bags, to me that’s fair value.
- Lastly a lease/royalty agreement with a miner would get further insto interest, we shouldn’t forget WE OWN COSTA FUEGA. We can collect an easy 10-20% in royalties and let a major miner do all the work as is fairly common, not bad on a 30 year mine life. Happy to be corrected by others on a realistic % if I’m off the mark.
The way I see it, CE has a few counter attacking moves: -...
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Last
$1.04 |
Change
-0.215(17.2%) |
Mkt cap ! $123.6M | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.08 | $1.02 | $911.9K | 871.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13555 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$1.05 |
Change
-0.215 ( 15.7 %) |
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| Open | High | Low | Volume | ||
| $1.03 | $1.08 | $1.03 | 234446 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| HCH (ASX) Chart |