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Ann: HCH to undertake a Capital Raising by Private Placement, page-35

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Beaza79

4,883 Posts.

638

02/05/24

12:44

Post #: 73629022
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Originally posted by Fishminer: ↑

20% or less discount is reasonable for any mine developer, this isn't a terrible CR price. Share price had a nice bump last month or so. If we had done the raise last month, it would have been at a 20% discount to $1, probably more without the recent copper price moves. Copper price chart has had a great run recently but we are well above the moving averages, so a pullback soonish isn't irrational to expect. If we wait, it might be lower.

We only have 2.4 quarters of funding left. Better to raise a little earlier than expected. Imagine if we waited another month or two, the market will expect a CR and the share price will get beaten down in anticipation, and then the CR comes in a discount to the beaten down price.

As to the size of the CR, that would need some further thought.

The best time to raise is when the market least expects it, when money is available, when the commodity is running hot.

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Why not announce the offer that was made then raise at a higher price?? The sp wouldn’t have gone backwards on an announcement like that

HCH Price at posting: $1.25 Sentiment: None Disclosure: Held
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(20min delay)
Last 96.5¢		Change 0.000(0.00%)		Mkt cap ! $146.0M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	686	$1.00

Sellers (Offers)

Price($)	Vol.	No.
97.5¢	9858	1

View Market Depth

No.	Vol.	Price($)
1	600	1.000
1	180	0.995
2	12538	0.965
6	26708	0.960
1	50000	0.955

Price($)	Vol.	No.
0.975	9858	1
0.980	2774	2
0.995	2100	1
1.010	2100	1
1.025	2001	1

Last trade - 09.50am 12/06/2024 (20 minute delay)

HCH (ASX) Chart

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