Dilution, indeed has happened. If you want to look at in a different way -
Company backers have rewarded themselves in perfect timing. SP should have been heading up since last move up. They did not waste the crisis. The crisis of "Covid 19" Dumped it to make a double bottom to near perfection. Plenty of time between two bottoms. etc etc. Right at that time when retail would have had hard time finding cash for buying new allotment they brought in cheap as chips CR.
Any way lets see this as half glass full. They may soon issue lets say 200mil more at 25c, then another 100 mil at 50c. Who knows the future. Then there may be a share consolidation of 1: 5 in 2-3 yrs time.
By that time HCH would be worth in the bilions. This is becoming an ocean of resources. Already is getting so large all sins can get washed up in a flash !! Bring it on.
The weeks and months ahead are going to be magical. Most HCH holders quite likely will have 2020 Christmas one of their best. Covid or not!!
( By the way I am sober while writing this )
HCH chart, page-33
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Last
$1.13 |
Change
0.030(2.73%) |
Mkt cap ! $163.1M | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.20 | $1.11 | $423.7K | 372.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5804 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 14760 | 3 |
View Market Depth
| Last trade - 15.29pm 17/05/2024 (20 minute delay) ? |
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Last
$1.12 |
Change
0.030 ( 1.99 %) |
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| Open | High | Low | Volume | ||
| $1.13 | $1.19 | $1.11 | 49048 | ||
| Last updated 15.49pm 17/05/2024 ? | |||||
| HCH (ASX) Chart |