Approx 33% increase in shares on issue cuts my 1 year price target - (putting no value on Marqua) from 25c to 16.5c and 2 year price target from 50c to 33c.
Upside in the next year is better than expected drilling results from Myrtle and Marqua...
Still over 300% from here in 1 year on my numbers - I seem like the only buyer left on HC ?
There has been NO CHANGE IN FUNDAMENTALS I will happily double my holding under 5c all fundamentals being current and equal to today.
The theme I see is IM and the board wish to maintain the positive momentum and pace of progress which is been brisk - that can only be done with cash. Another perpective is the raising is an insurance policy to TECK pulling out - raising cash, as TECK pulling could see raising cash below 3c...
I prefer to be in a negative cash flow stock that has the cash to make progress rather than one that is watching the pennies as a lot of speccies progress too slowly and succumb to raising at even lower prices...
So I assume no one here is going to take up the SPP then?
I am a bit hazy on the issuing shares rules but I assume that the SPP gets them around the maximum 10% rule as its being offered to all shareholders...could anyone here clarify?
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- time for reflection i think
Approx 33% increase in shares on issue cuts my 1 year price...
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15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $63.12M |
Open | High | Low | Value | Volume |
16.0¢ | 16.0¢ | 15.5¢ | $20.70K | 133.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 564112 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 221676 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 564112 | 0.150 |
1 | 80000 | 0.145 |
5 | 361765 | 0.140 |
6 | 159673 | 0.135 |
8 | 873363 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 221676 | 3 |
0.160 | 129916 | 3 |
0.165 | 45906 | 4 |
0.170 | 15647 | 2 |
0.175 | 33844 | 4 |
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