Win us with honest trifles

Hot Chili (HCH.v) and its “initial” offering

Want to know how long Rick Rule has tried to ram this Chilean copper junior down the throat of anyone who’ll listen? This long:

Now it’s your turn, esteemed Canadian readers of IKN.

PERTH, Australia, Dec. 22, 2021 /CNW/ – Hot Chili Limited (TSXV: HCH) (“HCH” or the “Company”), an emerging Australian-based copper developer, today announced the successful closing of its Canadian initial public offering (the “Offering”). An aggregate of 21,567,286 units of the Company were distributed (the “Units”) at a price of C$1.55, of which 2,445,000 Units were exercised under the underwriters’ over-allotment option.

One thing that’s always struck your humble scribe about this company is its crass corporate title, which manages to mock its country of operations and remind us about the effects of mining done badly on climate change, all in one dumb play on words that could only sound witty to an Australian. The only solace this humble corner of cyberspace can offer is that you’ll know where the selling is coming from when the paper dump begins. No idea on the exact timing though, for that you’ll have to ask Rule (Pro-tip: He may not tell you the truth).


    It’s interesting that I had seen a headline months ago from him calling it “world class” and “about to jump to [sic: the] majors.”


    Why the dislike?

    This is similar in size to Josemaria, but in Chile instead of Argentina and at a quarter of the takeover price.


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