Please CE & NAB, tell us again about all those strong institutional investors that have picked up all these bargain CR shares over the years!
3 year chart: timing commences slightly prior to the infamous Candian IPO with the on balance volume showing net ~15m shares having being dumped rather than held over the 3 year period. What a fall from grace, could continued delay(s) of PFS and other milestones required to build a revenue generating mining hub have anything to do with this; or was it all those damn options, warrants, and performance rights that were hanging over our heads for months that turned away new investors?
1 month chart: timing about when retail SPP shares hit accounts, but without the monthly T20 holding updates it's difficult to determine whether the recent sell-down should be attributed to institutional or retail holders and what component of that is simply investors giving up and selling prior to EOFY. What is evident though is, other than the lone green candle on 07 June, the monthly trend has been down every day with the RSI now touching the oversold zone - but are we oversold and the trend will finally reverse, probably not for another 2 weeks I'd guess?
It's a sad story considering HCH was at ~$1.25 at 120m SOI (AU$150m MC) prior to the recent CR about 3 months ago, whereas today after our supposedly oversubscribed CR & SPP at AU$1.00 we're now trading well below our previous company value being AU$0.91 at 150m SOI (AU$136m MC), so what happened to everyone that apparently missed out on the CR and SPP, spat the dummy and decided to invest their $$$ in another company instead?
