I was expecting some soph investors getting in on their gypsum...

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sharr7

601 Posts.

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16/10/19

13:02

Post #: 40908796
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Originally posted by Scarpa: ↑

The problem is you can’t just wait on nearology and do SFA in the interim. This management has to learn the mining game and do their own drilling. Will BHP report their results tomorrow on essentially a piss ant exploration play for them, despite it been a massive massive one for CHK given where CHK’s eggs are in (been really in these tenements).

Next door to CHK, IMO IMO it is essentially just a bit of exploration work for BHP given they are a mining conglomerate with a stack of diversified producing projects already - another way to put it BHP’s exploration there is mere lunch money to them IMO and yes while the rewards might be large I suspect BHP will simply cold stack the project until needed - why, well take iron ore, BHP is bringing into production over the last few years ore it found in the 1970s on some of its other tenements not located near to its Mt Newman operations as demand increased (hence my cold stacking comment above). Logic here is BHP will look at their project here as a supplement to olympic dam when needed, assuming sound exploration results. It might even do CHK a favour and ask for a farm In farm out arrangement on our tenements if the results are great on the BHP tenements in time.

Point of post - if BHP releases their results tomorrow great, but I wouldn’t be banking on them doing us any favours in that regard. CHK needs to generate its own luck and do its own drilling, including raising capital in its own right.

Nearology is good for traders looking at TA and I guess why they await the BHP results, but nearology is pointless for FA without drilling to substantiate potential. If BHP do not report results tomorrow I wonder what the TA traders/investors will do.

Do hold but becoming a frustrating hold.

All IMO IMO IMO

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I was expecting some soph investors getting in on their gypsum project.
its a simple dig and sell
cashflow positive
customers in place.
CHK are far too slow to get projects moving.

CHK Price at posting: 1.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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