Ann: Hot Chili Welcomes Glencore Investment, page-127

The biggest overhang issue on HCH is legitimacy. Regardless of all the great assays we put out one after another, our SP just trade sideways. We know we are massively undervalued, yet the SP doesnt rerate.

Im sure all of us here long term shareholders have been pretty frustrated with this.

What this partnership and investment from Glencore is going to do is to give us that stamp of legitimacy. Glencore being the World #1 Mining company would have done all their due diligence for many months for them to sign up to this. And the rest of market will think, if Glencore thinks this is good enough for them, then its good enough for me. I believe this is super critical to start getting recognition from the market and start moving towards our fair value.

And then you add:
1. Booming copper outlook
2. Increasing resource + assay + PFS
3. Having the funds to do an early payment and secure 100% of Cortadera in the very near future
4. TSX-v listing

So, sure enough, this is done at a discount, but this is the necessary evil needed to unlock our fair value value and i see SP start moving north from here.

I agree with others sentiments that this shouldnt be offered to shareholders - many will just subscribe to the new shares at a discount and sell their existing holdings to fund it. That wont be good for SP. So if you want some, grab them in the market.