HCH 0.62% 80.0¢ hot chili limited

Your talking complete rubbish with absolutely no evidence to...

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  1. 211 Posts.
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    Your talking complete rubbish with absolutely no evidence to back up anything you say and totally discounting market conditions that support actions by HCH.

    Why was such a small royalty done?
    It was a strategic move to use the smallest amount possible of the asset to provied funding if possible to the end of 2024 where market conditions for funding would be better aswell as higher gold and copper prices.

    Why was drilling slowed down to conserve cash to reach end of 2024 if possible.

    why were land options pushed out San Antonio etc
    If they exercised the land options the orginal owners had to stop mining as per the option agreement. Pushing out reduced pressure on HCH capital and allowed original owners to keep mining and making money prob more than the 10 mil reduction of the option cost.

    why the pivot to water business.
    To get funding to progress mining HCH needs a 60% equity to 40% funding. A water business only needs 20% equity 80% funding. The water business case can be developed quite quickly and jv or sold off giving HCH the level of equity required to get funding for the mine and no dilution and streaming/Royalties still avail. Without money from sale of the water business HCH will need to do significant dilution either at share level or asset level to get required equity for finance.

    currently doing a 1 year duration flora and fauna study finishing late this year (2024) required for EIA aplication and then a 2 year process for EIA approval given the timelines there is no need to burn cash at a bad time.

    Is GC suppressing the whole copper and gold market because all the stocks i am watching have been performing exactly the same were in the bottom of the bin and are all up similar with the change in copper price.

    why did HCH slow things down. Because they were going to run out of money at a time that was difficult to raise.

    Things are now changing fast and all of a sudden drilling is back on an agreement to fund the study for the port (couple of million from HCH).

    even you said we wont move until money rolls back out of the magnificent 7

    I could go on
    Last edited by MROM: 19/03/24
 
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Last
80.0¢
Change
-0.005(0.62%)
Mkt cap ! $121.1M
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81.0¢ 81.5¢ 78.0¢ $95.36K 119.2K

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1 6410 78.0¢
 

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Price($) Vol. No.
80.0¢ 4696 1
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
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