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Well said mate!

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supermanjustice

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02/05/24

11:22

Post #: 73626543
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Originally posted by Fishminer: ↑

20% or less discount is reasonable for any mine developer, this isn't a terrible CR price. Share price had a nice bump last month or so. If we had done the raise last month, it would have been at a 20% discount to $1, probably more without the recent copper price moves. Copper price chart has had a great run recently but we are well above the moving averages, so a pullback soonish isn't irrational to expect. If we wait, it might be lower.

We only have 2.4 quarters of funding left. Better to raise a little earlier than expected. Imagine if we waited another month or two, the market will expect a CR and the share price will get beaten down in anticipation, and then the CR comes in a discount to the beaten down price.

As to the size of the CR, that would need some further thought.

The best time to raise is when the market least expects it, when money is available, when the commodity is running hot.

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Well said mate!

HCH Price at posting: $1.25 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 80.5¢		Change -0.025(3.01%)		Mkt cap ! $121.8M

Open	High	Low	Value	Volume
83.0¢	83.5¢	80.5¢	$89.68K	108.4K

Buyers (Bids)

No.	Vol.	Price($)
2	9244	80.5¢

Sellers (Offers)

Price($)	Vol.	No.
82.0¢	28005	2

View Market Depth

No.	Vol.	Price($)
2	9244	0.805
4	4750	0.800
4	44463	0.795
4	25300	0.790
2	120660	0.780

Price($)	Vol.	No.
0.820	28005	2
0.860	57318	1
0.870	364	1
0.880	2000	1
0.890	20100	2

Last trade - 16.10pm 29/08/2024 (20 minute delay)

HCH (ASX) Chart