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$1.18 hot chili limited

Jay, could you please tell CE to atleast let the market know if...

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supermanjustice

1,038 Posts.

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01/05/24

12:20

Post #: 73606279
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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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Jay, could you please tell CE to atleast let the market know if they receive any JV/TO offers?
Even if they are low-ball, atleast it'll put a rocket under the SP !?

HCH Price at posting: $1.25 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.18		Change 0.040(3.52%)		Mkt cap ! $169.6M

Open	High	Low	Value	Volume
$1.15	$1.22	$1.15	$772.8K	652.6K

Buyers (Bids)

No.	Vol.	Price($)
1	19919	$1.18

Sellers (Offers)

Price($)	Vol.	No.
$1.20	9840	2

View Market Depth

No.	Vol.	Price($)
1	19919	1.175
2	6416	1.165
1	2416	1.160
1	2416	1.155
2	6800	1.150

Price($)	Vol.	No.
1.195	9440	1
1.200	11538	3
1.205	4952	1
1.220	3814	1
1.260	5000	1

Last trade - 16.10pm 21/05/2024 (20 minute delay)


Last $1.19			Change 0.040 ( 4.41 %)
Open	High		Low	Volume
$1.15	$1.22		$1.15	100336
Last updated 15.58pm 21/05/2024 ?

HCH (ASX) Chart

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