With the way copper fell I don't think so.
HCH are just storing up more problems for the future, having spent all their money albeit not due now on the 2 new projects, they announce more drilling. More drilling more dilution, now nearly a billion shares.
These projects will get up one day when copper is $5. By then though existing holders will be so diluted.
What happened to the much spruicked option that CAP had, clearly did not execute. Well at least it keeps the BOD in a job for the near future. You wonder why the 2 recent add on projects were sold if they were so good. DYOR
News: HCH Hot Chili Ltd executes second LOI to secure another high-grade satellite project, page-4
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Last
84.5¢ |
Change
-0.015(1.74%) |
Mkt cap ! $127.9M | |||
| Open | High | Low | Value | Volume |
| 86.0¢ | 87.0¢ | 83.5¢ | $168.9K | 197.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7432 | 83.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.5¢ | 123906 | 1 |
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| HCH (ASX) Chart |