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HCH

1.22%

83.0¢ hot chili limited

Ann: Drilling Update at Cortadera, page-72

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Crippa9

874 Posts.

162

24/11/19

16:25

Post #: 41601321
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Originally posted by blackops8: ↑

Hi Crippa

The Timing of a consolidation needs to be very carefully planned & considered. Any Consolidation needs to coincide with a strongly performing SP - But more importantly needs to wait until the underlying story is very strong. Otherwise the Stock is underthreat of being sold of when consolidated, I have seen this happen many times. 1 for 10 goes to 36c which is fine if the news flow & story is strong, but can re-trace heavily if the story or timing is off !!. I dont think there is any rush to consolidate. With similar success to the North with Stepout Drilling, this Stock could run to 36c without a consolidation easily IMO, you are then instantly looking at an entirely different beast IMO !!!

There are risks involved in going it alone without a major, but the rewards $$$ are obviously vastly HIGHER !! I think that management have chosen wisely, as they said this phase of drilling can be the most Value accretive times for an exploration company, when we start stepout drilling, the risk v reward will increase. This end of the Market is not for the faint hearted. But as they say "Fortune Favours The Brave", you only need one of these in your portfolio to make it all worth while. Anyway, time will tell, it always does !!

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Hi B8,

Well made points and if the SP gets to 36 cents without a consolidation I’ll be doing cart wheels down Bourke st.

HCH Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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