CHZ 4.17% 12.5¢ chesser resources limited

Hi CP, the sell buy ratio has been heavily weighted on the sell...

  1. 331 Posts.
    Hi CP, the sell buy ratio has been heavily weighted on the sell side since the maiden JORC announcement. Some hefty parcels being offered.
    To me that means there's an overhang which will depress the share price until the sellers either run out of stock or something changes their minds.
    Based on the fumbled JORC announcement, the underwhelming amount of gold it contained, the spot gold price, general gold sector sentiment and broader share market volatility, my uninformed opinion is that CHZ shares are trading only a little below where a reasonable view might expect them to be.
    Someone in this forum said the next round of drill results will be important. I agree.
 
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