For myself, I hope this deal fails.
I'm prepared to hold and take my chances with the Eritrean political problems, as i see much more upside ( and exploration upside) in getting to production.
Best you'll see at this stage is perhaps 50 cents/share as an offer ( pretty significant premium on the recent SP), but nothing like the premium in 2 years as a gold producer, when it could be $2-$4 per share.I don't think thats an exaggeration, but it comes with risk.
Yes, its the long view versus the short I know, but the predator is buying precisely because of the inherent value as a producer.
For myself, I hope this deal fails.I'm prepared to hold and take...
Add CHN (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |
