Australian (ASX) Stock Market Forum

HCH - Hot Chili

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frugal.rock said:
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.
Click to expand...

I've got two more zeros behind my holding and I'm also holding easy. The stock market preys on the impatient and the indecisive. I've done my homework and I'm happy.
 
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From the announcement these two pieces of work could add significantly in the months to come.

• Maiden Resource estimate for the high grade San Antonio satellite deposit due in the coming months
• Drilling underway at Cortadera North and Cuerpo 2 Deeps, results in the coming weeks

I must say I am disappointed in the price action today, but appreciate there are nuances of the market and trading that could very well explain the reasons for that (I am not smart enough or can access data to figure it; yes that is a call for help / ideas /discussion:xyxthumbs) . Maybe once the 'hub' is better understood and then the news is posted more in line with what timing Christian Easterday says (two weeks had been more like 2 months for this report).
I still see a junior with a big prize in its hands.
 
jbocker said:
From the announcement these two pieces of work could add significantly in the months to come.

• Maiden Resource estimate for the high grade San Antonio satellite deposit due in the coming months
• Drilling underway at Cortadera North and Cuerpo 2 Deeps, results in the coming weeks

I must say I am disappointed in the price action today, but appreciate there are nuances of the market and trading that could very well explain the reasons for that (I am not smart enough or can access data to figure it; yes that is a call for help / ideas /discussion:xyxthumbs) . Maybe once the 'hub' is better understood and then the news is posted more in line with what timing Christian Easterday says (two weeks had been more like 2 months for this report).
I still see a junior with a big prize in its hands.
Click to expand...

Gigantic volume today. I must admit I took a very small amount of profit today just to keep my SMSF topped up to the mandated cash level. This stock will fly. Patience is needed to make money.

1603452832971.png
 
;)I am still in the long queue waiting for the big Hot Chile feast. The cook is bumming about looking for the massive copper ladle to serve it out. The oven is on a slow simmer and it is still far from hot.
Impatiently.
I haven't had a taste.
Yet I have an annoying ring o fire. It burns, burns, burns...
I still clutch my concert tickets and await a big pot of Hot Chili delight, then I can relax and hopefully sing along with Johnny CASH.
Well that is the plan.
 
jbocker said:
First drill results since release of the maiden resource report continues to impress

Click to expand...
I don't know if those drill reports are impressive. I'm no geologist. I suspect that the geologists are trying to suss things out at the margins; whether the ore bodies meet at depth, whether they flute out at depth; I dunno.

What I do know is that not all drilling that adds information that the geologists need to remodel the ore bodies are ones that will excite the market. In the case of this announcement, I'm guessing that these are results that may assist the geologists in modelling the ore bodies but that are not going to excide the market.

There is no doubt in my mind that the current trading should excite the market. Taurus are selling down but the price is holding up. Do your own research into Taurus, but as a bullish shareholder with a very large weighting to this stock, I would rather be rid of Taurus that see our stock price go up for a while.

Ask yourself this: Who is going to fund us to actually buy Codera (we don;t own it yet) and on what terms?

In any case, I am holding. It's looking up to me.
 
copper miner Hot Chili is looking to spice up its drilling activities in South America.

The $119 million company was on the hunt for a $25.6 million capital injection in a funding round pegged to close on Tuesday morning and overseen by Sydney-based stockbroker Veritas Securities.

The placement was being offered to new investors at 4.2¢ a share, which represented a 14 per cent discount to Hot Chili's 4.9¢ last close and an 18 per cent discount to its 15-day volume weighted average price.

Potential investors were told that money raised would go towards making a $US10 million ($13.8 million) payment as part of an option agreement for its acquisition of a 100 per cent interest in the Cortadera copper exploration project and for drilling activities at that same project.

Last week, the company announced some drilling results from the Cortadera project, which is sitting on a maiden mineral resource of 451 megatonnes at 0.46 per cent copper equivalent.

Hot Chili owns a portfolio of projects down Chile's coast, on the western side of South America.
 
I am just trawling through a few copper stocks this morning and checking out the charts, HCH is one that caught my attention.

Weekly chart below and to my untrained eyed the Typical Wave 4 move is in the zone that may indicate it is near completion. The Dual TIme Oscillator is in the oversold territory but not crossed so definitively one to watch

1608423369514.png


Also snooping around the announcements shows that the below was released on the 17/12, which adds to the positive outlook...


1608422416214.png


Any thoughts on the above by the team ?
 
Recent capital raising at 0.042. I'm very wary when price drifts lower than the recent spp price. I want to see buyers stepping in immediately. I've an alert on a close >0.045 (1stBB) for a short term spec trade.

There's one other aspect that concerns me and it's the total number of issued shares (>3 Billion). This indicates that mgt have been raising capital by issuing shares many times and the price remains low. I'm aware that HCH was a failed IT company in the past and would like to know if the current mgt team are the same as in the past. That would be a red flag for me if they were.
 
Good to see 3 rigs running, 2 around the clock. Add value with the drill bit. Will be interesting to see the assay results as they drill extensions of the orebodies and the new prospective Cortadera 'look alike' at Cortadera North.

www.hotchili.net.au

Acceleration of Drilling at Cortadera - Hot Chili Limited

ASX Announcement Wednesday 24th February 2021 Third Rig Boosts Speed of Drilling atCortadera Copper-Gold Discovery Drilling Re-commences at Cortadera North Highlights A third drill rig has commenced operations at Hot Chili’s world-class Cortadera copper-gold discovery in Chile Two diamond drill...
www.hotchili.net.au www.hotchili.net.au
 
Now in a Trading Halt up to latest 4 March,
Reason: an announcement concerning exploration results.

I don't know if that is the drilling at Cortadera ore body extensions or the Cortadera North (the Cortadera 'look alike'). Being that the term is exploration implies the latter, to me.
Unless they are exploring elsewhere?
 
jbocker said:
Now in a Trading Halt up to latest 4 March,
Reason: an announcement concerning exploration results.

I don't know if that is the drilling at Cortadera ore body extensions or the Cortadera North (the Cortadera 'look alike'). Being that the term is exploration implies the latter, to me.
Unless they are exploring elsewhere?
Click to expand...

The market isn't overly impressed although with a history littered with capital raisings and multiple billions of shares on issue, it's hardly surprising. Not to mention the Chilean aspect.
 
Looks like we'll have a better idea next week, but it's looking very promising indeed.

An update on drilling activities and new drill results is expected to be released next week
Click to expand...
 
kennas said:
Looks like there might be something there...
Click to expand...
Good to see the soil geochemical indicators are much higher than the initial indicators at Cortadera. Hopefully that leads to greater grades than those found at Cortadera. Drilling will be interesting. In the meantime we should see initial drill test results from Cortadera North.

Hopefully by end of year we all feel the kid that walks into TOY world. (Yes I am still dreaming)
 
greggles said:
Looks like we'll have a better idea next week, but it's looking very promising indeed.
Click to expand...

I think that drilling is on the current resource at Cortadera. The Santiago Z thing is later in the year. So, maybe they're not so excited about it or it's just not drill ready.
 

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