HCH 1.59% 96.0¢ hot chili limited

Ann: Hot Chili Welcomes Glencore Investment, page-112

  1. 7,101 Posts.
    lightbulb Created with Sketch. 1210
    let me do the math for you...seeing as though you clearly can not...

    if they are raising $45million and the market cap is $112million that is a 40.17% dilution and therefore under most circumstances should have a minimum of 40.17% discount.

    if the raise is at 3.2 (and the stock last closed at 3.6) which has been speculated on, then that is only 11.1% discount. That is actually an extremely good outcome under any circumstance.

    Now the kicker is who is coming onboard. So far we know Glencore for $15million. Who is taking the other $30million? I have some ideas but not willing to share for now.

    SolGold went 10 x in the months after BHP etc got on board with their capital raise. If you don't think bringing Glencore and others onboard substantially raises our awareness then you're a twit.

    Everyone knew they had to raise to pay out last tranche of Cortadera. It's likely the reason the price never ran too much on extremely good news. Now its out of the way and we are bringing in majors it should be off to the races.

    Do you remember when the market forced DEG to raise $30mill at around 4 cents to pay out their last option payment? Another company that had that funding overhang and let producing great results but the market never ran with it until they got the funding overhang out of the way. Now look at DEG...the rest is history.

    This news on HCH is likely to be catalyst we have all been waiting for.



 
watchlist Created with Sketch. Add HCH (ASX) to my watchlist
(20min delay)
Last
96.0¢
Change
0.015(1.59%)
Mkt cap ! $145.2M
Open High Low Value Volume
95.5¢ 98.5¢ 94.5¢ $87.27K 91.01K

Buyers (Bids)

No. Vol. Price($)
1 6000 95.5¢
 

Sellers (Offers)

Price($) Vol. No.
96.5¢ 7010 3
View Market Depth
Last trade - 15.57pm 15/07/2024 (20 minute delay) ?
HCH (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.