HCH 2.58% 94.5¢ hot chili limited

Breakout Chart, page-66

  1. 745 Posts.
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    Hch is so frustrating when you are following it over the short term. With copper prices rising copper producers are flying but not explorers which include hch. But her time will come soon enough. For the sceptics lets wait till end of the year to see if hch would have impulse upward by then. The problem with this stock is it has not got the market cap to develop the mine. With a market cap of only 100 plus million it would be hard press for any bank to loan her a couple of hundred million to develop the mine. She can keep adding ounces but her share price may not move much until they can formulate a plan to monetise her assets unless someone take her over. Of course there are other ways to monetise the asset but but the matter is do they have the management to do it.
    However believe it or not the chart is suggesting that they can. Here is the updated weekly chart. This posting is really for my own learning so that 6 or 12 months down the track I can look back to see where I have gone wrong or right and hopefully it would benefit some sceptics.

    https://hotcopper.com.au/data/attachments/2975/2975678-cbced6763071941a91dce67c75389428.jpg

 
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Last
94.5¢
Change
-0.025(2.58%)
Mkt cap ! $143.0M
Open High Low Value Volume
97.5¢ 97.5¢ 93.5¢ $119.9K 125.8K

Buyers (Bids)

No. Vol. Price($)
1 3042 93.5¢
 

Sellers (Offers)

Price($) Vol. No.
96.0¢ 6531 2
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
HCH (ASX) Chart
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