"$80m spent so far at productora" vs current market cap of $50m on a sub optimal (read marginally economic) property.
Just a long conga line of junior explorers with little regard for commerciality spending like kids in an icecream shop.
Why would a partner pay $80m (up to a max of $110m) to get a 32.6% stake in this property? Fantasy stuff.
Less than $10m in bank at end Dec. $10m of an $18.5m loan drawn, burn rate of $3m a quarter.
Copper price hovering nervously.
I can't see the Buy rationale on this one, but maybe i'm missing something.
Ann: Oxide Project Set to Boost Scale of Productora, page-24
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Last
83.0¢ |
Change
0.010(1.22%) |
Mkt cap ! $125.6M | |||
| Open | High | Low | Value | Volume |
| 83.0¢ | 83.0¢ | 81.0¢ | $34.03K | 41.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 16968 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 25487 | 2 |
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| HCH (ASX) Chart |