CHN - Chalice Mining

[finicky]

$2 - came out of trading halt, huge airborne electromagnetic anomalies north of Gonneville (their main discovery)

 

[over9k]

Alright, I don't know who else has bought but I'm in for a minimum trade

 

[peter2]

I'm wondering how many gaps ups and bullish bars with high volume will it take before I get the message to buy CHN. It clearly hasn't got through my thick head yet.

 

[over9k]

I was just chatting to a friend about finding another DEG and here I am like "Well here WAS one..."

 

[over9k]

DEG's actually down today. It's had a nice pullback the last couple of days. My order for CHN is in so if it pulls back tomorrow (they always do) then it'll fill

 

[finicky]

Another low content post but CHN going internally beserk today, ^15%. This is the third unfilled gap by my scientific count - arent they often 'exhaustion gaps? lol

CHN 6 Mth Daily

 

[frugal.rock]

Elliott Goblet.
Hmmm, not amused.

I am looking at OAR as it has a tenement next DOOR to Chalice... nearology.
The mind boggles.... I always miss the boat.

 

[finicky]

And that's the 'exhaustion gap' fully closed with the daily close not too far off the open.
@ChaliceGold tweeting some morale boosters with the rockstar M.D and the Chairman addressing Diggers and Drillers and this tweet which reminds:

Chalice Gold Mines
@ChaliceGold
·Oct 15

#Exploration continues at full pace with 7 rigs drilling across 3 projects - the Julimar Project in the new West Yilgarn province, the Hawkstone Project in the frontier West Kimberley region, and the Pyramid Hill Project in the prospective Bendigo goldfields, pictured here $CHN

Daily

 

[finicky]

 

[finicky]

$100m coming into the coffers of CHN via a placement and SPP @ $3.75
After an initial adverse reaction I now feel its good because it will fund a lot of drilling and can't complain about the raising price. They sound pretty confident about the state forest exploration application and the State forest contains the huge airborne electromagnetic anomaly that to a lay eye just looks like a continuation of the 'signature' and strike of Gonneville.

 

[System]

On December 9th, 2020, Chalice Gold Mines Limited changed its name to Chalice Mining Limited.

 

[Hillman787]

Chn ?? Where will it hit mid 2021??

 

[Hillman787]

I think ( and hope ) that Chalice will hit $10 in 2021????

 

[Joe Blow]

I think ( and hope ) that Chalice will hit $10 in 2021????

Hi Hillman787, what is the basis for your view that CHN will hit $10 in 2021? Can you please explain what your expectations are for the company in the year ahead and why you anticipate that the share price will double?

Thanks.

 

[Hillman787]

Hi Hillman787, what is the basis for your view that CHN will hit $10 in 2021? Can you please explain what your expectations are for the company in the year ahead and why you anticipate that the share price will double?

Thanks.

Hey Joe Blow,
I hope Chn will hit $10 ... they are going huge at the moment. Lots more ground to check out and considering it is up 2,400 per cent this yr, the sky is the limit ????

 

[peter2]

CHN - Huge gainer in 2020 (+1633%)

I can't recall if anyone selected CHN in the CY2021 competition.

Shouldn't we be buying into obvious demand?

 

[So_Cynical]

(Apr 5, 2009)
I'm gona get about 5000 shares via the merger with SBS, good to see the Chalice SP jump a bit on the merger news.

From memory i sold out in bitter disappointment in late 2010 for about 15CPS, one just never really knows...

 

[finicky]

Would that we knew. I'm a bottom scraper by temperament so getting onto momentum doesn't attract.
Last I looked the volume isn't exceptional so far today and the price is approaching the all time high reached in early December. There would still be supply presumably from the recent placement and I think still active SPP priced @ 3.75

CHN doesn't strike me as a bubble stock and chances of ongoing discoveries are very high imo. News today is that they have finally gained access to Julimar state forest for "non ground disturbing" exploration techniques. Without going back over my skimming of the announcement, I think that entails geochem and gravitational investigations of the already known aermagnetic anomaly that is highly suggestive of being a continuation of Gonneville (the big established discovery). The continuation is called 'Hartog'and there are further suggestive aeromag anomalies N.E of Hartog.

When the excitement of being granted access dies down will the hot money hang around for first results which might take a month or more? As said, the daily chart is approaching a recent high, volume is not extraordinary and momentum indicators are not confirming the approaching new peak. Just my notions.

2 Year Daily

 

[finicky]

Months before results.

"Initial exploration activities within the Julimar State Forest will commence in the coming weeks and are
anticipated to be completed in Q1 2021"

The Hartog and other anomalies. At bottom is the relatively small in area Gonneville discovery. One of the non disturbing techniques they'll be using that I neglected to mention is a ground based 'moving loop electromagnetic' survey over the already known airborne electromagnetic anomaly called Hartog.

 

[finicky]

Scale back of massively over subscribed SPP has been announced.
Feels like prospects are hot when an Aussie mineral exploration company rejects $32m of free money.
$45m of application money when SPP was capped at $10m (increased to $15m as token accomodation of the excess demand). More extraordinary when taking into account that the share price spent significant time well under the SPP and placement price during the eligibility period, so some who would have applied just bought cheaper on market instead.