CHZ 4.17% 12.5¢ chesser resources limited

golden turkey flying under radar

  1. 294 Posts.

    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.

 
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