The share price has taken a hammering this year due to lack of exploration and the time in getting the project finalised. The time came last Tuesday when I decided to buy back in at 26 cents - the opportunity was too good to miss.
On Friday, CHN started to get some nice momentum and finished the day strong at 0.335 with a strong buy side and a thin sell side.
As has been noted here, there has been director buying over the last few weeks.
I am expecting the following news in the second half of 2011 and this is what has prompted me to buy back in. With the Director's buying in, I believe news is not too far around the corner. Gold looks to be heading towards $US2000 as well so 60 cents by Christmas would be very nice!
News expected before the end of 2011:
* Final approvals and project development now that the sale of project equity has been finalised
* Drilling results from the renewed exploration
good buy imo
Add CHN (ASX) to my watchlist
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Last
$1.37 |
Change
0.025(1.87%) |
Mkt cap ! $571.8M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.37 | $1.31 | $2.349M | 1.749M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6763 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 1808 | 2 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |
