That dump this morning saw the share price hit the 50 day moving average.
When I sold a couple of weeks ago I put an order in to buy some back @$0.965, about where I thought the 50 day moving average might be and it got hit this morning. A buy back at a 14% discount with no GST payable through the SMSF at the moment as I should have sufficient capital loss credit.
I'm not very confident that the release of the PEA will be much of a catalyst. We basically know the sum of all the pieces currently on the scrabble board don't we? If anything the PEA might dampen enthusiasm especially if there is no news of financing. It was our chairperson NAB who actually said that feasibility studies tend to disappoint. A soft outlook for copper in the short term could also dampen buying. (Hey I just bought so I have to have some buyers remorse now!). Results with the drill bit and/or finance is what I'm looking for.
HCH Chart, page-1229
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Last
80.0¢ |
Change
0.010(1.27%) |
Mkt cap ! $121.1M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.0¢ | 76.5¢ | $204.0K | 262.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6209 | 76.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 24999 | 1 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| HCH (ASX) Chart |