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0.61%

82.5¢ hot chili limited

$?Bill in a ? Life mine, page-3567

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Trufflehunter

3,764 Posts.

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26/10/20

15:58

Post #: 48393159
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Originally posted by Bellavena85: ↑

Brilliant! Its very close with my calculation using C3 cash cost. So a fair valuation of ~57c is basing on what we've known so far. Once we got more positive news from the current drilling campaign, I think the valuation will go much higher.

Basing on the recent volume, we are definitely in a period of institutional rally. "As a microcap investor who invests in companies with little to no institutional ownership, I want to hold for the institutional rally. When a management continues to execute on a great story, at some point it’s going to attract institutional inflows. You will see this when an illiquid stock all of sudden gets propelled by a sustained period of above average volume". Considering that the majority of holders are retailers, instos have to convince us to sell. And we are letting go of our shares too cheaply! The rally only just started and we are still very far away from a fair value!

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100% with you buddy. Thanks for having a look and now we have some consensus and validation amongst the investing team here.

I am a long term investor, so happy to hold for years.

Last edited by Trufflehunter: 26/10/20

HCH Price at posting: 5.4¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 82.5¢		Change 0.005(0.61%)		Mkt cap ! $125.6M

Open	High	Low	Value	Volume
83.0¢	83.0¢	82.0¢	$27.45K	33.32K

Buyers (Bids)

No.	Vol.	Price($)
5	1380	82.0¢

Sellers (Offers)

Price($)	Vol.	No.
83.0¢	5891	3

View Market Depth

No.	Vol.	Price($)
4	1280	0.820
3	4348	0.815
4	16510	0.810
1	6211	0.805
5	5350	0.800

Price($)	Vol.	No.
0.830	5403	2
0.835	10000	1
0.850	35000	2
0.860	7003	2
0.875	7608	1

Last trade - 13.25pm 18/10/2024 (20 minute delay)

HCH (ASX) Chart

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