TSX:CHE.DB.E - Post by User
Post by
toppgunnon Apr 27, 2021 5:30pm
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Post# 33079200
Good uptick
Good uptickA good uptick today and trend upwards appears to continue. Strongly believe prices for their raw products i.e. caustic to start showing some positives from 1st quarter onwards as chemical industries have been a benefactor as of late. The recent public placement at 70 million dollars or around 10.5 million units to add extra money to the coffers. I was not totally in agreement with this placement but fortunately was financed as 7.15 dollars instead of 4 dollars when some troubles occured at that range. Chemtrade should start to trend towards to 10 dollars and in agreement with many of the analysts with their targets. With that said, Chemtrade should stick with their .05 monthly dividend for the next couple of years until their financial health is in good shape then crank the taps open to .10 monthly.