CHN 3.60% $1.34 chalice mining limited

what am i missing?, page-4

  1. 963 Posts.
    26 - 10 = 16

    Our cash backing will be reduced by the 10cent capital return.

    As we dont have any assets other then our cash backing, and are simply looking around for our next investment. The only thing we have of value is the cash, which we will soon have less of.

    If were worth 26c now and we depelete our only valuable asset by 10c per share, we sould be worth 16 cents afterwards.....

    (That said im selling my shares and am hoping for the best, Not at all advice or even possibly accurate)
 
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