CHN

Can people count?  CHN has fallen to just over 20c a share.  The Chinese are going to pay them $80 million for its mine in Eritrea.  That is 32c per share.  I topped up today at 20.5c, just a small parcel.  Does it have debt?  About $1 million.  I know that 32c-20.5c=11.5c profit, ie I pay 20.5c for something worth 32c in cash.  That is more than 50% profit instantly.

CHN has other tenements, so these come free!

Am I ignorant or sellers are idiots?