this is an opinion
im starting to think
dammed if they do dammed if they dont
CMP has made a strategic withdrawal from the original deal
thus leaving hch to pay for most of the costs between PFS and DFS
and still CMP come out with the upper hand
ie 51%
its a good move by CMP not so good for HCH
if i boil it down trance 1 payment
CMP pay HCH $26 million
and hch use the funds to pay for 75% of DFS and exploration , reserve drilling ect
all the while the price is capped at 110
so CMP using cash 2 times
1st time to increase share holding
2nd time getting DFS done
on the other side HCH must be able to fund the business moving forward
and this deal will do that
without HCH going to the ASX for funds and thus diluting the shareholders
a good deal all in all i think
but i am concerned about the late changes to the original deal
and what that tells me about CMP way of doing business
- Forums
- ASX - By Stock
- HCH
- Ann: Hot Chili and CMP Ratify Joint Infrastructure MOU
Ann: Hot Chili and CMP Ratify Joint Infrastructure MOU, page-7
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus
Add HCH (ASX) to my watchlist
|
|||||
Last
88.0¢ |
Change
-0.010(1.12%) |
Mkt cap ! $133.1M |
Open | High | Low | Value | Volume |
85.0¢ | 88.5¢ | 84.0¢ | $460.8K | 539.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1140 | 87.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.0¢ | 39256 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1140 | 0.875 |
1 | 563 | 0.870 |
2 | 6150 | 0.855 |
1 | 211 | 0.850 |
3 | 6500 | 0.840 |
Price($) | Vol. | No. |
---|---|---|
0.880 | 39256 | 1 |
0.900 | 463 | 1 |
0.905 | 500 | 1 |
0.910 | 6237 | 1 |
0.930 | 13614 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
HCH (ASX) Chart |