These estimates are all well and good and could be in the ballpark of what the initial resource estimate comes out with BUT investment houses, Sprott, Rock Rule, major mining companies, mid-tier mining companies etc etc etc will be aware of Hot Chili, why isn't the price already higher, why isn't there already more interest in Hot Chili if Hot Chili are guaranteed to come out with a barn-storming initial resource? Why haven't insiders taken up this rights issue??
1. They don't think the resource will be as big as people here are expecting
2. They don't think the ore will be economic to extract
3. Combination of the two
4. I suppose they really could all just be unaware of Hot Chili
5. Maybe country concerns?
Not trying to poo-poo things here, I am invested and hopeful for a cracker of an initial resource but the above questions and concerns are not invalid.
These estimates are all well and good and could be in the...
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Last
$1.18 |
Change
-0.005(0.42%) |
Mkt cap ! $141.5M | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.20 | $1.16 | $35.80K | 30.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 2000 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.19 | 5588 | 2 |
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| Last trade - 10.23am 18/04/2024 (20 minute delay) ? |
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Last
$1.17 |
Change
-0.005 ( 0.36 %) |
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| Open | High | Low | Volume | ||
| $1.18 | $1.18 | $1.17 | 2876 | ||
| Last updated 10.39am 18/04/2024 ? | |||||
| HCH (ASX) Chart |