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,