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4.17%

12.5¢ chesser resources limited

Settlement tonight our time. Still seems a good buy @16 cents...

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afnut

377 Posts.

24/10/14

11:01

Post #: 14175492
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Originally posted by nosurprises ↑

AGM notice - section 4.3

"Following completion of the Return of Capital (if approved by Shareholders2), it is estimated that the
Company will have net cash reserves of approximately A$8 million. These funds will be used to
pursue acquisition opportunities in the resource sector. The Company is actively assessing
opportunities, with a particular focus on early stage gold and copper-gold projects both in Australia
and overseas."

CHZ has about 221m shares on issue so at 1c, the market cap is $2.2m . I'd expect it to trade around 2-3c after the 15c capital return , at a discount to the cash backing of 3.6c.

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Settlement tonight our time. Still seems a good buy @16 cents IMO.

CHZ Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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