Apologies for the losses you have incurred prior and I understand how you feel.
I don't think the past for HCH was totally due to management. Its a tough gig in the markets especially exploration and mining, promising to be mining in 2018, however the copper commodity downturn occurred and hence this made it extremely difficult for management to find the commitment of strategic partners to fund and build the mine. This caused the significant shareholder value destruction from 75c to 1c over the last 7 years.
This cortadera acquisition bolt onto productoria creates the scale and lowers the exploration risks due to cortadera having significant discovery cores of Copper and gold and in addition data and core samples still intact. $15m was spent.
HCH market cap was $7m at the time which indicated significant upside value as project consolidation is happening across the space. I do believe Copper has bottomed and the cycle will take it north as demand increases over the next year or so.
I am definitely assessing managements strategic execution of some critical milestones moving forward to determine any breaks in HCH's fundamentals.
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Last
81.0¢ |
Change
0.030(3.85%) |
Mkt cap ! $115.0M |
Open | High | Low | Value | Volume |
80.0¢ | 83.5¢ | 78.5¢ | $53.26K | 65.29K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2817 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.5¢ | 12636 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5873 | 0.755 |
5 | 13666 | 0.750 |
3 | 7050 | 0.740 |
1 | 300 | 0.735 |
2 | 2741 | 0.730 |
Price($) | Vol. | No. |
---|---|---|
0.770 | 11894 | 1 |
0.790 | 9410 | 2 |
0.795 | 6401 | 1 |
0.800 | 8500 | 1 |
0.805 | 3211 | 1 |
Last trade - 13.36pm 26/11/2024 (20 minute delay) ? |
HCH (ASX) Chart |