Australian (ASX) Stock Market Forum

HCH - Hot Chili

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The announcement yesterday reveals Cap Raising was done with largely Institutional buy ins. Today the price is up 15+% with good volume taking it above 4c again. Lets see if it has traction to climb further this time. Maybe an announcement is due soon and people are climbing on, in anticipation.
 
jbocker said:
The announcement yesterday reveals Cap Raising was done with largely Institutional buy ins. Today the price is up 15+% with good volume taking it above 4c again. Lets see if it has traction to climb further this time. Maybe an announcement is due soon and people are climbing on, in anticipation.
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Its certainly a dream days trading after a cap raise …… Their potential looks big and given todays price action it should gap higher again tomorrow ….. but the wide range high Volume days should always be treated with appropriate caution and nimble feet for those late to the party:)
 
jbocker said:
Picked this for Oct 2019 competition. Punting on promising assay results being released during the month. The company is drilling ahead with deepening of CRP0017D another 300m, after excellent results from earlier drilling. Assay results due in coming weeks.
https://www.asx.com.au/asxpdf/20190912/pdf/448gdbvslr8f4x.pdf
(previously discussed)
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Its been a nice move since early in the month. Still positive today as well. The 0.046 cents is looking like a resistance point. If it jumps 0.047 or above with volume it could get interesting especially with more good assay results as you say Bock. Under 4.2 not great of course.

Only thing is you don't want it jumping too much before the end of the month:)
HCH27sep2019.jpg
 
jbocker said:
Announcement of more positive drill results this morning, but price is down 5%.o_O:confused:. Go Figure!
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Going back to the $12 million cap raise announced on the 23rd Sep, then the immediate push higher on the 24th and multiple high Volume days for the week following ….. It looks like the instos may have been unloading into that exuberance (which they no doubt generated).

This will make the current price action a bit hard to read given there will now be some high Volume resistance points above where the SP is at the moment, plus todays announcement was given a luke warm response. Spotting any accumulation (or lack of) will help decipher the puzzle.

On the fundamental flip side, the resource looks potentially BIG:bookworm:
 
barney said:
plus todays announcement was given a luke warm response.
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Punters seem to be in a better mood with this today … Opened 3.7 … closed 4.1 (up 13%) on good Volume.

Fair bit of work to do for it to get back to mid 4's though.
 
In their presentation (slide24 Discoveries gaining attention) HCH show the charts of Alkane Resources (ALK) and Stavely Minerals (SVY) where they have had great price increases on recent drill results. Not sure how to compare this with HCH drill results which are indicating a huge deposit. No big jump for HCH (yet). I am wondering why?
https://www.asx.com.au/asxpdf/20191114/pdf/44bkl66nh30vsj.pdf
 
jbocker said:
. No big jump for HCH (yet). I am wondering why?
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Bock, I think all that Volume/Selling after the Cap raise in late September has taken a while to be filtered, hence the solid retracement.

Still a bit hard to read recently … other than the 0.035 cent base has shown some resilience, and yesterday and today's price action shows some potential for an up move, but yet to be determined.

I think Monday and Tuesday next week will tell a better story about whether today's gap up and higher Volume is for real or not

Chart is a bit of a battlefield … but I'm on my second Bourbon and Coke lol ;)

HCH15nov2019.jpg
 
Picked for the December Competition, the drilling continues and hopefully the ore bodies keep getting more expansive, then maybe, the Share Price. :rolleyes:
 
Picked for the Jan 2020 monthly competition as explained in recent contributions Moe drilling results announcements coming.
I would expect these early in the month and ongoing.
 
jbocker said:
Punting on HCH for the monthly competition (again) .
The punt being some sort of announcement this month backing up Cortadera's significance as a gamechanger, as written in an April release.
https://www.asx.com.au/asxpdf/20200409/pdf/44gvbzq23styjl.pdf
I also read that there was to be some work on a resource estimate during the coronavirus shutdown.
https://www.asx.com.au/asxpdf/20200501/pdf/44hh365qwlh0d0.pdf

Well if it doesn't come out this month then hopefully some good drill results.
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I hold HCH. I can't see any reason why the share price can't lift to 3 or 5 cents on the announcement of excellent results backed by a bullish market sentiment.

I also see no reason for this share price appreciate on the reality that:

- there are a substantial amount of convertible notes that eat away at shareholder equity every time that interest is converted into equity.

- the management don't really look after the small retail investors, as per the latest SPP where retail participation was severely curtailed in order to give the opportunity for the "shortfall" to be given to the underwriter for distribution to the "sophisticated" investors,

- the fact the Taurus are a shareholder. In my personal opinion, these people are opportunistic scum and are a dead weight.

- the jurisdiction.

It is my opinion that this might be a two or three bagger from here for shareholders but I won't be holding out for anything more than that.
 
tinhat said:
the management don't really look after the small retail investors, as per the latest SPP where retail participation was severely curtailed in order to give the opportunity for the "shortfall" to be given to the underwriter for distribution to the "sophisticated" investors,
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I may have misread the announcements @tinhat but I thought management extended the SPP to give punters every chance to be involved?

Anyway, all that aside, I agree with yours and @jbocker assessment. There is definitely room for this to move from these levels. The main question is will the bigger punters try and squeeze the remainder of the smaller punters before they push it higher. Definitely a low risk potential accumulation trade from here so thanks to you and Bock for the heads up:)
 
barney said:
There is definitely room for this to move from these levels. Definitely a low risk potential accumulation trade from here
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I looked at it .... I liked it .... I labored over the price .... I now lol at myself ... Lol (see:rolleyes:)

Price action indicates a late entry at .019 may be a remote possibility but I think it could gap up a tick or two in the short term. Still time but not one I will chase. Good luck with it @tinhat
 

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