Its a shame HCH doesnt have a real project that it could hang its hat on. Even after securing water rights. Apparently Chile is one of the safest South American countries to invest in yet there is poor old Gina Reinhardt throwing away money to buy an 80% interest in a penny-dreadful copper project - Titan Minerals.
https://www.copyright link/companies/mining/gina-rinehart-goes-big-on-copper-with-186m-ecuador-play-20240418-p5fkqn
Oh! And in Ecuador of all places where sovereign risk is now off the scale!!!
Why oh why would'nt dear old Gina share some of her lazy billions on a superb project such as the resource owned by Hot CHile and its erstwhile captain of industry, Christmas Everyday?
I mean - if anyone could stump up the AUD $1billion that was once-upon-a-time needed to develop Productura it would be Gina, wouldn't it? Or Costa Feugo. Or Frontera Or San Antonio. Or Alice. Or Cortadera Or...?
Nah - she thinks politically-charged; violence-ravaged Ecuador is a waaaay better place to look for copper investments.
Oh well, HCH may still catch the next coper-wave. They've certainly missed a couple already since listing at the beginning of the previous decade...
(20min delay)