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93.0¢ hot chili limited

$?Bill in a ? Life mine, page-25250

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lukeandrew1

2,113 Posts.

221

15/01/24

13:25

Post #: 71883316
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Originally posted by NotRelevent: ↑

So say we got a $1b takeover now, approximately $8 a share.
That's about half the current value of the project as it stands barring any commodity price increases, super pit study, additional resources added, any new drilling success or additional value adding additions.
So realistically assuming we don't see much luck adding additional value, getting about half the value but 5 years earlier without all the risks of getting this project to production seems like a good deal to me.

Even getting to production (unlikely by ourselves) is not guaranteed $16 sp, look at CAI and their disastrous performance after getting their much smaller mine to production. Things can go wrong, budgets go over, we would if trying to finance capex even if spilt with a jv partner likely have to do a cap raise to partially fund it on top of either streaming and or debt.
I would be shocked if we got $1b at this stage, I reckon even $700m might get approved by top 20 as a good return for those that have only held a couple years

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700m would not get approved by shareholders, but if we got that offer now it would open floodgates to 1B + offers to come in.

HCH Price at posting: 99.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 93.0¢		Change -0.005(0.53%)		Mkt cap ! $140.7M

Open	High	Low	Value	Volume
93.5¢	94.5¢	89.5¢	$263.8K	290.2K

Buyers (Bids)

No.	Vol.	Price($)
2	7063	89.5¢

Sellers (Offers)

Price($)	Vol.	No.
93.0¢	13696	1

View Market Depth

No.	Vol.	Price($)
2	7063	0.895
11	46565	0.890
4	11000	0.880
2	7873	0.870
2	54973	0.860

Price($)	Vol.	No.
0.930	13696	1
0.950	7277	2
0.955	4235	1
0.960	7990	2
0.970	1798	1

Last trade - 16.10pm 25/07/2024 (20 minute delay)

HCH (ASX) Chart