Yep, good questions. I'm sure they'll join HotCopper and give a...

First 2025 Last

Share
Profile

Follow
supermanjustice

1,206 Posts.

167

18/06/24

15:05

Post #: 74371874
Share

Originally posted by GeoSciFi: ↑

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?

Expand

Yep, good questions. I'm sure they'll join HotCopper and give a fitting reply to your post here any time now

Btw.. here you go.. relative charts for other copper hopefuls on ASX (last 3 years)

HCH Price at posting: 91.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

MTM

Forget gallium: MTM says it's extracted gold from e-waste

3 stocks with antimony news on Thursday

SS1

Sun Silver confirms high-grade extension theory at Maverick Springs with 79.6 g/t intercept

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

ASX Market Open: Local bourse to trade green | Thursday September 12

BRX

Belararox to grow copper footprint in Botswana with 4,286 square km tenure

NEC

Nine Entertainment announces its CEO is stepping down – on an ex-divvy day

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

CU6

Clarity progresses SECuRE trial with positive safety results