IMO the market does not believe the story HCH are telling. Too...

IMO the market does not believe the story HCH are telling.

Too much poor history of deliverables with Productora and now we see the same poor communication with Cortedera, weak excuses for late MRE, cash flow from ENAMI was so important last year but now not important enough to talk about at all (so important last year CE called us a producer in presentations), SA MRE was important last year but no longer important enough to talk about this year, ASX understood HCH bulk tonnage with Productora when it was valued much higher than it is now but ASX no longer understands bulk tonnage Cortedera now that the SP is low, holes drilled in the North was a waste of money and attempted explanation of the results supporting they had found the edge of something larger was poor (surely you would drill the good stuff first and the edge later), continuously fails to meet own stated timelines, talks about about billion MC but no info on how they plan to get there. Lots of talk, very poor deliverables/ timing. MRE for Cortedera needs to be 2.0 to 2.5x larger than it is now. The slow drilling and slow assay results is not helping.

Confidence in management is important in the market no matter what you have in the ground. I do not believe there is much confidence in management to deliver on this project.