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Thoughts on Chrysos Corp (C79) after its fall?

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Question asked 26/04/2024

Thoughts on Chrysos Corp (C79) after its fall?

Hi James and Team Chrysos Ltd (C79) closed at $5.74 a further 12.37% today. You wrote this morning prior to market opening-"Weakness in one quarter hasn’t impacted our long-term view of Chrysos. We currently hold a 4% weighting, sitting on a small ~2% paper loss. We would consider adding to this position if the weakness extends" If you don't hold C79 would you buy now or wait for further weakness? At what price will you consider adding to your position? regards Debbie

Answer

Hi Debbie,

For those that missed it, our Wednesday Morning report covered Chrysos (C79) after its disappointing quarterly update.

We said at the time is that we expected weakness to continue and it has with the position now sitting on a ~20% loss. We are looking to increase our position ~$5.40/sh, a level it broke on Friday.

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Chrysos Ltd (C79)

LAST UPDATED 26/04/2024 13:01

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