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81.0¢ hot chili limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-74

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Bunn-Wackett

24,608 Posts.

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01/08/24

10:56

Post #: 75022148
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Originally posted by wb200: ↑

Don’t necessarily disagree with any of the above. Just a word of caution. Clearly the copper market has had some traction in recent months with spot trading above $4 and M&A activity starting to kick in. HCH, on paper, would appear to be a prime target. We supposedly have had many constructive talks with various parties, interested parties in the data room, extensive marketing campaign and endless meetings. Yet, there was a need to rush a CR which was relatively big in size and at a significant price discount. Management and board seemed to think that no better price than $1 could be achieved. The lead placement agent Veritas could not garner any leading bid above $1. Glencore did not take part to the extent to protect its 9.9% stake and merely defended its 7.5% threshold holding. And lastly, price & volume are the final arbiter in the market. Nobody wants a bite.

Either we’re in Lassonde Curve no man’s land and value will materialize in the PFS-DFS process or sth is wrong. I’m still holding and rooting for the former. But the almost systematic disinterest in HCH by the market (and industry?) gives me pause.

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here’s one way to arrive at ‘fair value’ for a mining company at various stages

HCH Price at posting: 88.0¢ Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 81.0¢		Change 0.000(0.00%)		Mkt cap ! $122.6M

Open	High	Low	Value	Volume
83.0¢	83.5¢	80.0¢	$16.45K	20.09K

Buyers (Bids)

No.	Vol.	Price($)
3	21719	79.0¢

Sellers (Offers)

Price($)	Vol.	No.
84.0¢	740	1

View Market Depth

No.	Vol.	Price($)
2	21619	0.790
4	36869	0.785
5	20650	0.780
2	15200	0.775
4	310395	0.770

Price($)	Vol.	No.
0.840	740	1
0.845	26061	1
0.850	58852	5
0.860	4357	2
0.870	3962	1

Last trade - 15.59pm 10/10/2024 (20 minute delay)

HCH (ASX) Chart

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