OTCPK:CGMLF - Post Discussion
Post by
Charles86 on Oct 13, 2017 9:17am
Interesting
content from https://ceo.ca/cxn
$CHN.AX - Annual report to shareholders expresses the strong balance sheet of $CXN with approved exploration budgets of A$7.5 million including 22,000m of drilling to test multiple targets at East Cadillac, including extensions of the high-grade gold resource at Nordeau West and other prospective targets. Diamond drilling is underway at the West #Pilbara Project following encouraging results generated from #copper and #gold rock chip sampling. With exploration activities ramping up on a number of fronts in the 2H of 2017 - all of which have the potential to generate company-changing returns for Chalice shareholders - "we are extremely optimistic about the Company's prospects over the coming 12 months". $CHN.AX has maintained its strong balance sheet with A$47 million in cash and liquid assets of ~ A$6 million. They continue to hold ~ 6.9 million shares in $FF As part of a capital management strategy $CXN acquired 21.5 million of its own shares in the 1H of 2017. #aussiestocks www.asx.com.au/asxpdf/20171013/pdf/43n6xdw6gh67wv.pdf
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