Australia's largest stock trading and investment forum Australia's #1 stock forum

HCH

Click for more information

0.54%

92.0¢ hot chili limited

Well said mate!

First 30 Last

Share
Profile

Follow
supermanjustice

1,157 Posts.

157

02/05/24

11:22

Post #: 73626543
Share

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.

Expand

Well said mate!

HCH Price at posting: $1.25 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

MiningNews Select Conference: Smooth permitting, strong teams the key to project success and reaching demand

MiningNews Select Conference: Look further afield for funding projects, advises Rick Rule

ASX Market Close: Index gains 1% after interest rates pause | June 18, 2024

LSR

From the Floor question: "Why are you going back to Ned's Creek for a drilling campaign?" | Lodestar Minerals

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

There are more pages in this discussion • 176 more messages in this thread...

First 30 Last

Add HCH (ASX) to my watchlist

(20min delay)
Last 92.0¢		Change -0.005(0.54%)		Mkt cap ! $139.2M

Open	High	Low	Value	Volume
94.0¢	96.0¢	90.5¢	$127.5K	135.6K

Buyers (Bids)

No.	Vol.	Price($)
1	1302	92.0¢

Sellers (Offers)

Price($)	Vol.	No.
93.5¢	7000	1

View Market Depth

No.	Vol.	Price($)
1	1302	0.920
1	3425	0.915
1	1630	0.910
3	14356	0.905
4	57130	0.900

Price($)	Vol.	No.
0.935	7000	1
0.950	10800	1
0.955	2001	1
0.960	11378	2
0.970	10139	1

Last trade - 16.10pm 18/06/2024 (20 minute delay)

HCH (ASX) Chart

SPONSORED BY