Management failed to admit to its problem and the decision to hold back was wrong and has costs many unnecessary real losses or paper losses.
No they didn't fail to amit anything it wisely held back IMO untill after the situation was assessed and they could make a statement with some confidence not half baked fluff...you will never know what the shareprice may have done in different circumstances but disappointing news is disappointing whenever or however its released , speculation on HC never stops it lives on it, updating to stop speculation would require an update every day..
When the shareprice was at $1.40 the price of Lithium was on an unsustainable parabolic move and now sits 40% lower , the shareprice has followed but exacerbated by disappointing news...welcome to mining.
Despite all that the shareprice is multiples above where it was two or three years back , is debt free and producing profitably just not as profitable unfortunately.
Cheers Whisky
Management failed to admit to its problem and the decision to...
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Last
9.4¢ |
Change
-0.003(3.09%) |
Mkt cap ! $200.8M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 10.3¢ | 9.4¢ | $1.562M | 16.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1063679 | 9.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.5¢ | 6888 | 2 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |