Early days… however the market isn’t phased at all. Looks like CHR for this calendar yr will be a punt for the brave. Although there is spod, the widths are nothing to write home about(don’t discount this stock just yet!) and it’s very, very deep.
Is it too deep? Only time will tell and it’ll all depend on what widths and grades they can get over the coming 12-18months. Market sentiment will change, but management will need all their ducks to line up nicely if the market cap is to move multiples from here.
*i’ll continue to hold for the year and see what comes of it.
CHR Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
