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97.0¢ hot chili limited

If true, is this not a breach of listing rule 3.1?

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Jollygeo

376 Posts.

32

01/05/24

17:49

Post #: 73614615
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Originally posted by JGPM: ↑

$100m was offered by a North American firm for 30% of the copper project and 50% of the water.

Offer was considered and rejected by the board over the last few weeks as it severely undervalued our assets and they believe they are/will be worth substantially more once after future news flow comes through.

We don't want to negotiate from a position of weakness.

a large chunk will be going into the TSX with institutions lapping it up over there apparently.

after being initially pissed off and telling CE so, I can see the merit in the action they have taken. yes, a little short term pain on the share price front no doubt but for longer term gains hopefully. confirmed lots of news flow to begin after money in the bank, and the money they have been spending the last few qtrs will/have yielded results.

lots he couldn't tell me though of course.

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If true, is this not a breach of listing rule 3.1?

HCH Price at posting: $1.25 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 97.0¢		Change -0.005(0.51%)		Mkt cap ! $146.8M

Open	High	Low	Value	Volume
99.0¢	$1.00	95.0¢	$129.7K	134.2K

Buyers (Bids)

No.	Vol.	Price($)
1	9170	96.0¢

Sellers (Offers)

Price($)	Vol.	No.
97.5¢	3000	1

View Market Depth

No.	Vol.	Price($)
1	9170	0.960
2	6998	0.955
3	14008	0.950
1	80	0.945
3	7000	0.940

Price($)	Vol.	No.
0.975	3000	1
0.985	9939	1
0.990	10000	1
1.000	4371	1
1.015	2902	2

Last trade - 16.10pm 11/07/2024 (20 minute delay)

HCH (ASX) Chart