I think CHN is one of the better picks. Trading at cash backed prices, $34mil in the bank Vs $34MC. Results coming and a whole bunch of drilling on the horizon.Im banking the experienced board has the capabilities to deliver in line with my expectations.
Even if the results return a hit and a miss, there’s still plenty of other opportunities on offer.
I’ll like to trade this one for 6-12 months.
Looking to sell on results for a target of 0.165, wait a few weeks and hope to re-enter around 0.140-0.150 in time for the next drilling program. I’d be looking to go double from here as I believe this will start to get close to the gold bulls.
Risk V reward, bad news I’ll take my medicine and hold them as they tumble to 0.08-0.09, in which I’ll probably again double my holdings.
FYI I have a lot of play money and I don’t care if I lose the lot.
I think CHN is one of the better picks. Trading at cash backed...
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Last
$1.39 |
Change
0.060(4.51%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.44 | $1.33 | $4.675M | 3.371M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 80248 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 9275 | 2 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
