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Business Description: Chalice Gold Mines Limited (CHN) is a mining development and exploration company holding a portfolio of mineral assets in Australia and Eritrea.
Strategy Analysis: Chalice are developing and acquiring gold sites in East Africa. They have had a mixture of acquisition and organic based growth. The company is currently aiming to move to higher grade ores on certain sites whilst remaining persistent in its exploration efforts.
Chalice Gold Mines reported negative cash flow of $3.2m for quarter ended 31 December 2011. Operating cash flow for the period was $(4.21m). Payments for exploration and evaluation were $(2.87m). Investing cash flow was $1.01m. Financing cash flow was nil. Cash in hand at the end of the quarter was $3.51m.
Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 |
â€śIf you want to have a better performance than the crowd, you must do things differently from the crowd.â€ť Sir John Templeton.
Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 |
Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.
Carl Richards, director of investor education at the BAM Alliance 17/10/2014 |
â€śAs odd as it may sound, the sooner you start treating your investments like you treat life, the happier youâ€™ll be with the outcome.â€ť
William H. Gross, Janus Capital Group 16/10/2014 |
â€śFinancial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding â€śminusâ€ť 10 basis points.â€ť
CMC Markets 8/10/2014 |
Share market indices around the globe are breaking down. While analysts cast around for reasons, itâ€™s clear that a time factor is in play. Simply put, many investors â€śfeelâ€ť a correction is overdue. How low could it go?
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