yep, at the start of 2020 HCH had 35 million shares on issue, come 21 Dec it will have 106 million shares on issue, dilution of this enormous magnitude at $1.6/$1.7 will always weigh on a stock, + don't see any sign of serious insto support outside the Machiavellian Glencore.
And then Grade challenged seems to be the fundamental story, SLS CN (at record highs, $CAD 1.7 bn mkt cap, as we speak) , has 0.73% average copper equivalent, with plenty of holes showing 1% copper, we are at 0.50% average without many holes towards 1%? The market seems to be saying 0.5% CU average or below will struggle to be commercial?
Technically the breakdown below $2.00 (huge support) is looking more entrenched this time, with 20 million shares printed at 1.6/1.7 (option adjusted). Can $1.60 major low hold..sigh. We need a series of assays towards 0.70/0.80%, but I'm guessing that's not what we're getting in, if they come in Sub 0.50/0.60% I'm guessing the sell off can get extend further than we're prepared for...GLTAH
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Last
79.0¢ |
Change
0.010(1.28%) |
Mkt cap ! $119.6M |
Open | High | Low | Value | Volume |
78.0¢ | 80.8¢ | 78.0¢ | $269.5K | 341.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10288 | 78.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.5¢ | 1800 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10288 | 0.785 |
5 | 155018 | 0.780 |
1 | 2500 | 0.775 |
3 | 203368 | 0.770 |
1 | 2500 | 0.765 |
Price($) | Vol. | No. |
---|---|---|
0.795 | 1800 | 1 |
0.800 | 28611 | 5 |
0.805 | 2 | 1 |
0.810 | 22183 | 3 |
0.830 | 10000 | 1 |
Last trade - 13.35pm 06/08/2024 (20 minute delay) ? |
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HCH (ASX) Chart |