Forum Topics HCH HCH Investment from Glencore
Hackofalltrades
Added 2 years ago

Did you have any thoughts Slats?

Those drilling results didn't look particularly game changing to me, though I've very possibly missed something.

What I do find interesting is that the price is significantly down (Without looking maybe 75%?) from when Glencore bought in, possibly reflecting the lower copper price ~$7400/t and the nasty inflation that's hit construction.

There are definitely some sovereign risks involved, though the new tax (looks like an increase from the first one?) in the second article actually looks pretty reasonable. The new constitution they are going to vote on is apparently fairly extreme - unsure how that will affect mining.

https://www.mining.com/web/chilean-senate-commission-approves-adjusted-mining-royalty-bill/

https://www.reuters.com/world/americas/chile-plans-raise-copper-mining-royalties-reform-tax-system-2022-07-01/#:~:text=One is an ad valorem,that produce more than 200,000.&text=The other component is a,prices between $2 and $5.

https://www.reuters.com/world/americas/boric-says-chile-should-draft-new-constitution-if-current-proposal-fails-2022-07-15/

With the long term outlook for copper as it is and (from my limited reading) lack of major projects being built, I suspect that this project will get built at some point - it's genuinely huge, just low grade.



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Hackofalltrades
Added 3 years ago

Discussion between Christian Easterday, and Rick Rule. 

https://www.youtube.com/watch?v=vq3NWaMM03U&t=1s

Rick is quite positive and it's great that it's getting his interest. I am quite worried about Christian's talk of turning HCH into a producer. 

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Hackofalltrades
Added 3 years ago

Quite impressed with the interviewer here - he asked some quite good questions - Interviewing Christian Easterday. 

https://www.youtube.com/watch?v=TwsCdBdd-oY 

Mostly discussions around Glencore and how they may be involved in the future. 

 

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Hackofalltrades
Added 3 years ago

Deal to acquire 9.99% of the company. 

 

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02402562-6A1044048?access_token=83ff96335c2d45a094df02a206a39ff4

 

Can't see this as being anything but good news. 


I particularly like that it adds an external director to the company. 

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Hackofalltrades
Added 3 years ago

SPP was offered to shareholders at 3.2c of $5 mil following this. (market cap 173m) 

The plan closed early and was scaled back. 

Price at posting is 4.5c. 

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