HCH - Hot Chilli - Aussie Stock Forums

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  1. #1

    Post HCH - Hot Chilli

    I was wondering if anyone is thinking of taking a placement in this one. Due to list. Potential Chilean uranium,copper,gold producer..

    Close Date: 16th April, 2010
    Float Date: 27th April, 2010
    Issue Price: $0.20
    Amount Sought: $6,000,000
    Number of Shares: 30,000,000

    Interest in one of the largest uranium projects in Chile - Los Mantos and Productora. Productora currently Chilie's largest and most advanced uranium project apparently ... existing mines operating in the region.

    Productora and Los Mantos are both iron-oxide-copper-gold-uranium projects that Hot Chili estimates have potential for a combined Target Mineralisation in the order of: 53 to 191 million pounds of Uranium, 1.0 to 2.2 million tonnes of copper metal and 0.6 to 1.64 million ounces of gold..

    Arago Resources Limited (AAG).. offered to take over Hot Chilli sometime in October last year.. Look what happened to the AAG share price when the announcement was made public. It eventually fell threw in November.. which saw a dive just as drastic.

    I like HCH's tenements, and the region seems to have a good history.

    Thoughts from other ASF members appreciated,


  2. #2

    Default Re: HCH - Hot Chilli

    Found out the offer has now closed a week early, and had over subscribtions of 28mil shares. Will be listed within 1-2weeks.


  3. #3

    Default Re: HCH - Hot Chilli

    Not much in the way of liquidity here, but if the Ords powers past 4770 today, I reckon I might get some.

  4. #4

    Default Re: HCH - Hot Chilli

    Been watchin for a while and like the look of these.
    Got in a week ago at low 60s. All reports rate HCH about $1. Up 15% so far
    Due for drill results soon could be interesting.

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