To be honest guys...I'm not too worried. The fully diluted Mkt Cap (at 70c) after the escrow shares vest is still only $140m and I think we agree that everything has progressed impressively since listing.
I imagine there might be a little bit of selling - we have seen the roadblock at 70s for some time now, but in the fullness of time, the price will just keep marching on - in reflection of the progress made.
I would only be worried if the news were bad, or they had no money, or the management had been struggling but so far this company has done everything right so I have no cause for concern. Naturally, there are no guarantees in mining for minerals - its a tough gig - but its always a positive when you have millions of $$s in the bank and a management team that has been able to attract lots of cornerstone investors and execute on strategy.
ALl I see at present is a small explorer ticking all the right boxes thus far.
Coop
escrow shares, page-4
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Last
97.5¢ |
Change
-0.015(1.52%) |
Mkt cap ! $147.5M | |||
| Open | High | Low | Value | Volume |
| 99.0¢ | $1.00 | 97.0¢ | $88.60K | 90.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3 | 97.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.0¢ | 10000 | 1 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| HCH (ASX) Chart |