Great results from first 2 holes and assays for further holes awaited. Major drilling program underway [30,000m] so expect a raft of announcements over next few months. Market cap only 80 mill. 126.9 mill shares on issue. $11 mill in bank. a T/O target as well with other Oz companies active in Turkey.The mineralisation is the type where you find bonnanza grades. Read announcement dated 26/8. Directors have been buying. 393k buyers - 191k sellers.
I like a Company with less than 150 mill shares on issue as any good news boosts SP more than a Co with 500k on issue. Announcement detailing current/future activity is what had me buying 29th. Drilling full on now. Hold substantial tenements. Check price move on 26/8.
Medium risk/high reward.
CHZ Price at posting:
66.4¢ Sentiment: Buy Disclosure: Held