HCH 2.37% 82.5¢ hot chili limited

Ann: Cortadera Drilling and Resource Update, page-39

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  1. 238 Posts.
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    I agree Tomardo with your thoughts and comments.
    I also assume that whomever is in discussions with Hot Chili at the moment (ie. future investor/deposit co-owner) might want to review all of the pre-HCH drill holes to ensure they are adequate to be included in the MRE.
    This is a guess. It's also prudent for Hot Chili to take it's time to get this right. Maybe we might have more than one interested party that is also triple-checking the preliminary MRE numbers and have other questions.
    As we all know, Hot Chili has to raise some more money soon to resume paying the next installment of the Cortadera lease agreement. I would think it would be best for that money maybe to come from a co-owner buying into Cortadera (or whatever it's now called) instead of coming from us as a capital raise.
    Never-the-less, with the Copper and Gold prices supporting us I think today's dip will be reversed by next week but I think we will find it hard pushing past 5c without the MRE announced.

    All the best.
    Mama Huhu
 
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