if we sold 30% to a player that puts a massive cap on the value for the remaining 70%. The board clearly thinks they can extract a substantially higher value on 100% basis going forward.
we all believe the assets are worth in excess of a billion dollars in the right copper market…so wouldn’t management be selling us short at $330m ?
feels like a little bit of short term pain for hopefully longer term gain.
only time will tell.
situations change and I’m told doing this was the boards decision and CE got out voted.
if we sold 30% to a player that puts a massive cap on the value...
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Last
$1.17 |
Change
-0.005(0.43%) |
Mkt cap ! $168.8M | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.20 | $1.13 | $323.7K | 277.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 232 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 981 | 1 |
View Market Depth
| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
$1.16 |
Change
-0.005 ( 1.86 %) |
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| Open | High | Low | Volume | ||
| $1.18 | $1.19 | $1.13 | 40763 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
| HCH (ASX) Chart |