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12.5¢ chesser resources limited

Good call, 'free punt'.

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Seth Davis

3,349 Posts.

309

17/09/14

16:25

Post #: 13989011
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Originally posted by nosurprises ↑

Fund manager (s) taking the 15c now on market, they're probably also getting rubbish off their books before quarter end. Now that the company prospects are looking rather unexciting, it's hard to justify holding this stock as a fund manager when you can put the cash to work elsewhere. Also there's the risk the deal could fall apart. If the deal does go through, those buying now at 15c are essentially getting a free punt once the capital return is done.

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Good call, 'free punt'.

CHZ Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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