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92.0¢ hot chili limited

Ann: HCH to undertake a Capital Raising by Private Placement, page-32

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1OldGreyFart

6,733 Posts.

969

02/05/24

11:58

Post #: 73627688
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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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So never mind the lies and deception, we can just let that slide?

HCH Price at posting: $1.25 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(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

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