HCH 4.94% 85.0¢ hot chili limited

yep, at the start of 2020 HCH had 35 million shares on issue,...

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  1. 8,047 Posts.
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    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
85.0¢
Change
0.040(4.94%)
Mkt cap ! $128.7M
Open High Low Value Volume
80.0¢ 85.0¢ 80.0¢ $74.52K 88.87K

Buyers (Bids)

No. Vol. Price($)
1 2000 82.0¢
 

Sellers (Offers)

Price($) Vol. No.
85.0¢ 44872 5
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Last trade - 16.10pm 11/10/2024 (20 minute delay) ?
HCH (ASX) Chart
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