Time goes by, and nickel and palladium prices are not recovering.
Meanwhile, the spending machine @ CHN continues to run amok.
Yes, they currently have 'adequate' cash reserves, but come the end of the year or no later than mid-2025, surely a placement is inevitable.
Most likely well south of $1 and who will we be feeding? The astute shorters.
Don't blame the shorters; blame management, who have taken outrageous risks with shareholder funds by continuing to spend like drunken sailors.
They still act like a multi-billion $ mining company, which they are not.
What is needed is a vicious purge of expenses and a complete reality check about the risks of metal prices being lower for longer.
Time goes by, and nickel and palladium prices are not...
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Last
$1.08 |
Change
-0.010(0.92%) |
Mkt cap ! $418.1M | |||
| Open | High | Low | Value | Volume |
| $1.07 | $1.09 | $1.04 | $2.474M | 2.323M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 40061 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 9263 | 1 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| CHN (ASX) Chart |