Far out this company is a total mental drag sometimes. 1 step forward, 1 or more back.
I noticed in the latest of the string of cheesy short promotional videos HCH is releasing, this one featuring Steve Garwin, just how bloody crowded that HCH boardroom and office is with staff, all pissing in each other's pockets and patting themselves on their backs.
All those people and many more drawing salaries, yet we consistently move at a snail's pace through the basics of exploration, and burn tens of millions of dollars doing it.
I've never been on a company's threads where so many excuses are offered up by shareholders all the time for the company's shortcomings.
Everyone, including CE himself, loves to blame shorters, manipulators, Taurus, the Aussie share market in general, Covid, assay labs, ENAMI, individual HC posters, whoever and whatever they can, to vent their frustration at the consistent piss-poor performance of this company.
We got the major on board that we wanted and just a blip in SP. Latest round of overdue results didn't even cause a ripple.
Have we now just moved the goals forward and are pinning our hopes on the TSX listing as the silver bullet for the long struggling SP. What about after that? We will be fast running out of excuses.
Maybe management need to take a good hard look at themselves and what they are doing to deliver value for shareholders.
Maybe cut expenditure until they can justify the enormous cash burn with some SP increases. Far out that $20 odd million from the previous raise got absolutely monstered and we don't even know where we are in the drilling campaign.
We are fast becoming a very expensive company by market cap for all the wrong reasons- through issuing billions of shares rather than growing value for holders.
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Mkt cap ! $124.1M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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88.0¢ | 10000 | 1 |
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2 | 40299 | 0.815 |
2 | 15745 | 0.810 |
5 | 17423 | 0.805 |
3 | 70000 | 0.800 |
Price($) | Vol. | No. |
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0.880 | 10000 | 1 |
0.890 | 20100 | 2 |
0.895 | 1450 | 2 |
0.900 | 463 | 1 |
0.905 | 3900 | 1 |
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