HCH 2.58% 94.5¢ hot chili limited

$?Bill in a ? Life mine, page-1847

  1. 5,667 Posts.
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    Huge volume today as you stated. This needs to find support at $0.033 for a potential cup and handle formation to stay in play.,

    https://hotcopper.com.au/data/attachments/2471/2471684-99480afc73765bc0a6a81368d4e56cd2.jpg


    There have been a few questions raised in my mind about the management over the short period I have been a holder. The frequent corrections needing to be made to market announcements. The missed deadlines. This is an explorer that has had to crawl through the bottom of the commodity cycle and survive long enough to get to where we are now.

    It does concern me that there appears to be a problem with paperwork relating to the historical drilling. That is not trivial. I can only imagine the complexity of work required to get a mine built beyond announcing a JORC; building the detailed economic and technical blueprints the financing, the regulatory and environmental hurdles, engaging stakeholders, building a highly skilled team, making it happen on the ground.

    Drilling holes, measuring the assays, and completing the preliminary metallurgy is the easy part.

    Anyway, one step at a time. I can adjust my investment strategy once the MRE is released.

    I remember having a big whinge here a few months ago when the share price got down to $0.014 and someone here questions why I was wasting my time sooking instead of buying. I'll be happy to top up again if we do get down to $0.033 and below. Based on today's volume and long red candle we may.

 
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Last
94.5¢
Change
-0.025(2.58%)
Mkt cap ! $143.0M
Open High Low Value Volume
97.5¢ 97.5¢ 93.5¢ $119.9K 125.8K

Buyers (Bids)

No. Vol. Price($)
1 3042 93.5¢
 

Sellers (Offers)

Price($) Vol. No.
96.0¢ 6531 2
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
HCH (ASX) Chart
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