Have to disagree with you there robjm66
Trouble is, if Chalice are having trouble getting finance for Koka in Eritrea,as the foregoing article suggests, finding an additional low grade deposit ( which would need to be huge to compare with Centamin)and which would have a commensurately huge capital cost, may ? not help the situation.
If Koka alone is sold off, leaving Chalice with only some prospective but unproven ground in Eritrea, how much will value will the market place on Chalice? Even with a swag of money in the bank?
Management are going to need a deft touch in negotiating this, otherwise shareholders will take a decidely unpleasant bath.
I prefer the no deal option and try to get Koka into production ( how about a Chinese equity partner ?), but if that is not possible, my next preference is sell the entire company, not just the crown jewel.And hopefully maximize value in this market.
Comments, fellow shareholders?
Have to disagree with you there robjm66Trouble is, if Chalice...
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