RNG and CHDBeen gone for awhile but I like the way the story is unfolding. RNG says they don't plan to buy more stock. The reality is they can't without triggering the takeover rights issue which they won't do notwithstanding the teary eyed press release they issued a few weeks back. RNG are no dummies. They know that early stage copper co's with outstanding potential trade at a big discount to fair value. CHD is trading at an even larger discount to the norm. That gap closes as each day passes and CHD gets closer to the nailing down the last catalysts to the "GO DECISION". That should happen in 3-6 months max. When that happens the price will take off. RNG or someone else may take a run before that happens in the hope they can steal CHD. I believe something happens in the next 60 days or less. The Marcona project has had the goods from the beginning and they are articulated well on the website. CHD continues to add reserves with more undrilled acres. The project is highly leveraged to copper prices. Copper is over $3 per pound. Even the most pessimistic players don't see less than $2. The analysts are using $1.25 or so. This project is a homerun at $2+ even with some slippage in the metallurgy debate. At an $0.86 close today and some robust aftermarket activity, I would offer up that CHD will soon be over $1. Have a look at the slides on the website which I assume were presented at PDAC. A good story that continues to get better.
Coyote13