0R15 9025.0 0.0% 0R1E 9410.0 0.0% 0M69 None None% 0R2V 247.99 9682.643% 0QYR 1567.5 0.0% 0QYP 439.3701 -2.9016% 0RUK None None% 0RYA 1597.0 1.2682% 0RIH 195.55 0.0% 0RIH 191.4 -2.1222% 0R1O 225.5 9683.0803% 0R1O None None% 0QFP 10475.8496 107.8542% 0M2Z 252.573 0.2373% 0VSO 33.0 -7.3164% 0R1I None None% 0QZI 622.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 222.05 -4.1318%
The Offering
Company Overview
Chalkos Metals Limited (ASX: CKM) is a Western Australia based resources exploration company with focus on copper and base metals at its wholly owned Mount Isa Project located adjacent to Glencore’s Mount Isa Mine and 10km from Mount Isa, Queensland. The Company’s primary business activity is to explore for and develop an economic copper or base metals deposit within its Mount Isa Project.
Corporate Structure of the company
Source: IPO Prospectus
Key Highlights
Source: IPO Prospectus
Financial Highlights (expressed in AU$)
Source: IPO Prospectus
Key Management Highlights
Source: IPO Prospectus
Risks Associated (High)
Investment in the IPO of "CKM" is exposed to a variety of risks such as:
Conclusion
The Company is currently in the primary stage of mining and currently completing a 7-hole diamond drilling program to test 3 of 13 priority targets identified at the Mount Isa Project. Drilling is expected to be completed by Q3 CY2022, with initial assay results anticipated to be available from Q4 CY2022, post the Company’s IPO.
The Long-term prospect for copper (Red Metal) looks impressive due to its demand for the greening of the economy, particularly clean energy, and electric vehicles. However, in short run the red metal is in a soft patch as the demand outlook has been overshadowed by growing fears of an economic hard landing.
Further, investment in CKM’s IPO is exposed to variety of risks highlighted in the risk section, which may potentially influence the operating and financial performance of the company in the future and could also impact on the value of an investment in the securities of the company.
Therefore, based on the above rationales, we have assigned the IPO of Chalkos Metals Limited, with a “Neutral” rating. This IPO is only suitable for investors with a high-risk appetite given the associated risks and the current market scenario [basis further evaluation].
*Please note that an IPO can be postponed or put on Hold at the discretion of the company or regulatory authority.
Disclaimer
References to ‘Kalkine’, ‘we’, ‘our’ and ‘us’ refer to Kalkine Limited.
This website is a service of Kalkine Limited. Kalkine Limited is a private limited company, incorporated in England and Wales with registration number 07903332. Kalkine Limited is authorised and regulated by the Financial Conduct Authority under reference number 579414.
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