Australia's largest stock trading and investment forum Australia's #1 stock forum

HCH

Click for more information

2.16%

90.5¢ hot chili limited

So never mind the lies and deception, we can just let that slide?

First 32 Last

Share
Profile

Follow
1OldGreyFart

6,732 Posts.

969

02/05/24

11:58

Post #: 73627688
Share

Originally posted by Fishminer: ↑

20% or less discount is reasonable for any mine developer, this isn't a terrible CR price. Share price had a nice bump last month or so. If we had done the raise last month, it would have been at a 20% discount to $1, probably more without the recent copper price moves. Copper price chart has had a great run recently but we are well above the moving averages, so a pullback soonish isn't irrational to expect. If we wait, it might be lower.

We only have 2.4 quarters of funding left. Better to raise a little earlier than expected. Imagine if we waited another month or two, the market will expect a CR and the share price will get beaten down in anticipation, and then the CR comes in a discount to the beaten down price.

As to the size of the CR, that would need some further thought.

The best time to raise is when the market least expects it, when money is available, when the commodity is running hot.

Expand

So never mind the lies and deception, we can just let that slide?

HCH Price at posting: $1.25 Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 174 more messages in this thread...

First 32 Last

Add HCH (ASX) to my watchlist

(20min delay)
Last 90.5¢		Change -0.020(2.16%)		Mkt cap ! $139.9M

Open	High	Low	Value	Volume
94.0¢	96.0¢	90.5¢	$99.85K	105.4K

Buyers (Bids)

No.	Vol.	Price($)
4	3498	90.5¢

Sellers (Offers)

Price($)	Vol.	No.
92.5¢	6965	7

View Market Depth

No.	Vol.	Price($)
4	3498	0.905
4	64950	0.900
1	676	0.895
4	104135	0.890
8	27181	0.880

Price($)	Vol.	No.
0.925	6965	7
0.930	10650	3
0.935	2580	2
0.940	1000	1
0.945	37	1

Last trade - 13.10pm 18/06/2024 (20 minute delay)


Last 92.5¢			Change -0.020 ( 0.54 %)
Open	High		Low	Volume
95.0¢	96.5¢		92.5¢	16479
Last updated 13.22pm 18/06/2024 ?

HCH (ASX) Chart

SPONSORED BY