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HCH - Hot Chili

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jbocker said:
Yes I understand your sentiment, a while back I bought a whack of them too. They whacked me back for a while. I thought they would have progressed more with the continued good drill results at Cortadera. At least they are now in production at Productora to help cover some costs.
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The few million a year in cash from Productora helps; but really it is all about Cortadera.

We need to get the MRE for Cortadera published ASAP, then move forward immediately with a PFS.

I don't usually invest in companies that want to sell to majors, however I am lightening up on the option here; if we deliver.
 
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Those Pommy Bastards in the UK aren't interested in Chile; they want Asia.

It is only New York to make this; IF WE FIND THE BACKING!
 
jbocker said:
Sorry Chronos. I am not following you.
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Well; we will need financial support to get Cortadera to PFS?

Who is going to help us?

List on NSYE once we have PFS as long as the resource is true.

New York money may be willing; as long as Christian delivers.

Then sell to a major, if it must be done.

$100 million is nothing on the NYSE if the resource is worth 10s of billions.

6 months; lets see. I only have a few hundred thousand shares.
 
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Not looking for a big jump in the market price now.

If Christian is tired; let me know. I think I can help with fresh energy, blood and ideas for this company that I believe in here.

I am sure Christian will make it all work though.
 
Well I am still waiting on their maiden resource report That is the main reason I am tipping them in this months competition. I also read that there has been some nice Cu outcropping seen at its Cortadera North region. A separate drilling program soon underway
www.hotchili.net.au

Hot Chilli - Media Articles +61 8 9315 9009

Hot Chili Limited is listed on the ASX under the code HCH. Read online or download our media articles to get the latest news and insights from Hot Chili.
www.hotchili.net.au www.hotchili.net.au
 
jbocker said:
OK this is Productora but where is Cortadera?
Is this because HCH are only reporting up to June 30 2020 and the Cortadera is subsequent to that?
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Not financial advice but I just did an estimated project After Tax Cash Flow and NPV valuation for Cortadera based on some rough assumptions:

1601518423557.png

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@tinhat
 
Chronos-Plutus said:
Not financial advice but I just did an estimated project After Tax Cash Flow and NPV valuation for Cortadera based on some rough assumptions:

View attachment 112487
View attachment 112489

View attachment 112490View attachment 112491

@tinhat
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I assume that this would be back of beer coaster calcs but will be interesting to see how you match up CP. Will also be interesting to see the extents of Corterdera, with it being open in a few directions and with the new drilling for Corterdera North.
 
jbocker said:
I assume that this would be back of beer coaster calcs
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Would need quite a few coasters for that many calcs...
NPV over 0... good enough for me.
I couldn't find the executive summary though...

Took a small position today independent of anything in this thread.
 
Trading Halt till Monday Morning.
The trading halt is requested pending announcements concerning a mineral resource estimate.
 
So Mr JB.
What's the thoughts on the imminent updated JORC estimate?

I did take a very small position, size which I can't increase on now it's in a trading halt....grrr. A full position was split between this and VML

( A standing sell on OAR got hit today freeing up a position...)
 
@frugal.rock I am trying to recall how I first noticed this and why I bought in other than as a pure speckie, over 12 months ago.
I know the drill results were impressive and that there were lots of blue sky yet to be drilled (and still is). I simply thought there was some upside. Potentially big upside.
Subsequently learned that the deal had come about by the junior explorer making a contacts with owners of a not well known discovery, a family owned resource, that may be proving to be BIG. I don't know how it compares to other resources and that is where the resource estimate is exciting.
I dont know how the resource sits logistically. I believe Chile is a relative stable country and is active in resource developments. Chile is the largest producer of copper and it is its largest export.
The acquisition of Cortadera and the subsequent drilling results, I think will get a lot of attention from bigger fish. Lets see what the initial resource estimate brings. Will it be a top level resource?
On the downside there are a lot of shares on issue and I imagine there could be a of people wanting their money back.
 
Having a look at the chart, am hoping for a push to the 5 cent mark or above, will expect selling to get heavy at that point.
Have to wait for the final figures off the jorc resource announcement due tomorrow morning.

Screenshot_20201011-153605.png
 
@frugal.rock looking good for your trade. My interest ignited when checking out the monthly chart after your post then flamed out when reading the inflated share issuance and the convertible notes.

Monthly
big - 2020-10-12T121405.159.gif
 
Costa Fuego becomes a Leading Global Copper Project
Seen better price action on drill results. See what happens when things settle down
 
finicky said:
@frugal.rock looking good for your trade.
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I was hoping it was going to put on a bit more of a show... still holding.

Not to worry, will see how things pan out over the next few weeks.

Only have around $700 into it with a sell at 0.041 required to break even, it can wait.
Haven't had a chance to digest the announcements properly yet either.
 

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