gunny they are a rarity because they are a mining company yet their only cashflow comes from litigation,anyone in mining will tell you they wont get anywhere with the cash they have especially after directors and management costs, where is this manganese mine ,if its indonesia ,the indo govt announced last week all foreign investment has to be reduced to max 49% within 12 mnths if its in asia or africa good luck ,after a $30 mill plus injection off cash the stock has barely moved and is on its way down already ,I think 3 cnts is optimistic .when the original chm was set up I knocked back the offer to invest pre float ,my mate didnt and got burnt ,I did my research and those in the know said there was a smell about the company ,we now know why and it still lingered with the rebirth and its motives to be a litigater not a miner,and seriously in this market who would lend any minor miner to develop a mine especially if not in australia. in regard to what am I on I will go and have another dose of the smarts .
- Forums
- ASX - By Stock
- CHM
- gap at 5.4 ??
gap at 5.4 ??, page-6
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)