I think its just the issue of if or when the story gets backed up. Strip all the talk back and we have some great drill results. CE implies its a big resource but then the incentive scheme comes out with $0.06 and $0.08 as milestones and 3 years to achieve it, capital raising was meant to go to soph's with the long term interest of HCH but they sold at the first chance and look like they are continuing now, there are meant to be these mid and large coy's looking at HCH but no offer, no 5% holding announcement that a major could have been buying at 1.5c on market. These guys are meant to know better than us but are yet to appear on the register.
Just my opinion but there is lots of talk but not much substance so far, add in the payments due next year, the number of shares on issue and we end up right where the market thinks we should be. The share price probably just needs confirmation of any one of a number of things: resource size, mid or large getting on the register, hits to the north. In the meantime 37% participation from existing shareholders and possibly no participation from directors doesnt scream confidence to the market. Again, the incentive scheme to give yourselves 3 years to take the share price from 2c to 6c and reward yourselves with $3.6 million is a an absolute joke. Terrible message to send to the market. 6c by 2023, what sort of message does that send a person thinking to buy the share at 2c?
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Last
$1.04 |
Change
-0.215(17.2%) |
Mkt cap ! $123.6M |
Open | High | Low | Value | Volume |
$1.03 | $1.08 | $1.02 | $911.9K | 871.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 13555 | $1.04 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.05 | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 13555 | 1.035 |
8 | 47865 | 1.030 |
2 | 4500 | 1.025 |
3 | 21626 | 1.020 |
2 | 37472 | 1.015 |
Price($) | Vol. | No. |
---|---|---|
1.050 | 20000 | 1 |
1.060 | 5430 | 2 |
1.070 | 39000 | 2 |
1.075 | 500 | 1 |
1.090 | 4000 | 1 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$1.05 |
  |
Change
-0.215 ( 15.7 %) |
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Open | High | Low | Volume | ||
$1.03 | $1.08 | $1.03 | 234446 | ||
Last updated 15.59pm 06/05/2024 ? |
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