I doubt it. The SP has been suppressed or down for a while now and there has been ample opportunity for someone to step up and offer. IMO the movement in the SP and large sells on the TSX last night are due to people playing the arbitrage between the two markets where you can currently get a 10% gain for no risk. Traders not company investors unfortunately.
Govt have 40% which puts a damper on most large companies from taking an interest. Maybe one of those already in Eritrea may be interested but the issue is, does the current Mgt really want the hassle of getting the mine into production (personally I don't think so, otherwise this would already be in motion)? I think a rerun of the DFS at today's prices will show a massive increase in Capex, something a few companies are currently experiencing.
IMO the best we can hope for is some massive results and assays from the deep drilling and SP rise to get back to our entry prices.
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Last
$1.37 |
Change
0.025(1.87%) |
Mkt cap ! $571.8M |
Open | High | Low | Value | Volume |
$1.33 | $1.37 | $1.31 | $2.349M | 1.749M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6763 | $1.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.37 | 1808 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 386752 | 0.145 |
6 | 299000 | 0.140 |
8 | 191611 | 0.135 |
6 | 319853 | 0.130 |
5 | 292000 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 40000 | 2 |
0.155 | 367180 | 1 |
0.160 | 460998 | 10 |
0.165 | 353140 | 7 |
0.170 | 248919 | 2 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
CHN (ASX) Chart |