Forum Topics CHN CHN Bear Case

Pinned straw:

Added 9 months ago

Although Chalice has a significant discovery close to Perth, the delays in the scoping study and concerns some majors may not want a joint venture plus a declining macro picture prompted me to exit.

The only thing kept me going was skin in the game by management especially with the last CR.

Anyway from around 40c to now that is 1000% in 3 years including a small topup around 3. In hindsight should have sold earlier. Hard to see a large hole left by my chn holding showing that big figure needing to be filled

Will enjoy the winnings but also will still watch Chn as well.

Not held


edgescape
8 months ago

-25% on release of the scoping study.

Think I dodged a bullet today....

In all seriousness I'm having mixed feelings on what's going on here and I feel for those that bought on the price targets from the instos.

Even though I can see lots of work was put into the study there are still lots of questions than answers which I won't spend time going through.

There's probably lots of material on fintwit commentary already.

Perhaps more drill results, better metal recoveries or another discovery with potentially better economics may change the negative sentiment.

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