CHK 20.0% 0.3¢ cohiba minerals limited

Hi guys So many dogs juniors fly high but CHK is unloved and...

  1. 4,793 Posts.
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    Hi guys

    So many dogs juniors fly high but CHK is unloved and somehow biased.....

    If anyone care, go check AUZ, just done a Entitlement right issue, with 249m offered, at 0.8c, all issued at 10th of April, with total share on issue reach to 1.6B, and MC of $25m, guess what it closed today?

    1.9c with high of 2.2c, so according to many arm chair experts logic, with 5 times right issue offered than CHK, and 1.6b free float, AUZ should be sold down to 0.8c or 1c so it will be Fair...

    Seems their logic and prediction and theory is bloody wrong about AUZ, not only AUZ not sold down given those Cheap shares, but it made almost 3 baggers when it reach 2.2c today....

    CHK, only 277m after this 39m right issue and it was huge oversubscribed showing strong demand, but someone still blindly sell ignoring all CHK Announcements and those 500k units sit at 1.8c seems their last bits and I am thinking what they could sell after that because they can only sell what they have....

    350k is the smallest turnover day in the last 2 month and CHK is not far from rerate....
    Last edited by xindongzuitaohua: 12/04/17
 
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