Hi Oligarch
I don’t think HCH Is far away from making a considerable jump in MC, Hole 17 IMO will go a long way to delivering this re-rate, let’s say we get to $0.15 - .20 at $0.15 we issue a 166m shares & the $25m needed to gain 100% control of Cortadera is sorted. But if the next couple of holes continue to hit the sort of mineralisation as the first couple of holes. Then I don’t think SCM Carola who we have done the deal with will won’t the money, I think they will be happy to take shares & be on the register IMO. Even if they were issued 100m shares ?? what are those shares going to be worth in 5 yrs time ?, a lot more the $25m IMO
Anyway, there’s a lot of ways to skin a cat & I have no doubt Christian is considering all of the best options.
Exciting times ahead !!
On the Highlands Pacific Mine, PNG was a basket case regarding Sovereign Risk. Highlighted by Rio Tinto walking away from a 68% stake in in a multi Billion dollar resource!!
Not to mention the PNG governments takeover of the OK Tedi mine, from memory I think.
I know a JV with a Major is essential, but it needs to be achieved from a position of strength, not desperation, the more de risking we can do while owning 100% control, the better off $$$$$ we will all be IMO
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Last
79.0¢ |
Change
0.005(0.64%) |
Mkt cap ! $119.6M |
Open | High | Low | Value | Volume |
80.0¢ | 82.8¢ | 79.0¢ | $23.53K | 29.31K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3999 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
81.5¢ | 816 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3999 | 0.790 |
3 | 30909 | 0.785 |
2 | 123846 | 0.780 |
3 | 31051 | 0.775 |
4 | 8285 | 0.770 |
Price($) | Vol. | No. |
---|---|---|
0.815 | 816 | 1 |
0.820 | 4636 | 2 |
0.825 | 10000 | 1 |
0.845 | 169 | 1 |
0.850 | 112 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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HCH (ASX) Chart |