Not my words I'm afraid to say....
the problems HCH has… they can’t do shit with their own resources.
AW1 has high grade near surface with DSO opportunity like sandfire did with their DeGrussa early days to generate quick revenue which helped them to expand without dilution - just with ore sorter haha - it’s only possible when you have high grade and near surface open pit.
HCH needs large fund just to start anything due to their low grade porphyry deposit which can only be justified with very large scale but smaller profit margin% compare to high grade sediment hosted copper.
they say scale is king because scale is the only thing they are holding on to.
it’s owned by Glencore 9.11% and Citicorp 8+% and they are the top 2 holders.
Low grade large scale mining definitely needs big companies to join but HCH is in such a vulnerable position as they seem to have zero protection against hostile takeover - management is such old fart f*s with no skin in the game
they did all the hard work and still doing all the hard work with share holders money and it will be handed very cheap to giants.
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81.0¢ |
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Open | High | Low | Value | Volume |
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1 | 1619 | 0.790 |
3 | 30500 | 0.785 |
5 | 20650 | 0.780 |
1 | 12700 | 0.775 |
Price($) | Vol. | No. |
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0.810 | 2232 | 1 |
0.815 | 3452 | 1 |
0.820 | 707 | 2 |
0.840 | 10000 | 1 |
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