Horizonte Minerals Share Discussion Threads

[haydock] 27/9/2016 14:44

The IC podcast interview with Julian Treger is worth a listen

Are APF still with us & holding the royalty?

They certainly still like nickel.

[soundbuy] 27/9/2016 14:38

Philippine mine closures bolster nickel price

[jailbird] 27/9/2016 10:38

Seen a seller dump into buying again yesterday..only 100k though

Level 2
1v1
However if so only one MM on at 2.15, next one @2.5p

[jailbird] 27/9/2016 10:25

The impact will be felt next year more so.
We should see LME levels fall further.

This could be like just like what has happened to zinc

[strow] 27/9/2016 08:29

everyones talking their own book-proof is in the pudding at the end of the day.Any trading bank that has a net short position will be talking nickel down and vice versa.

[strow] 27/9/2016 08:16

lme decreasing 1000 tonnes by the day atm

[jailbird] 27/9/2016 07:24

Make that 27 in total , mainly Nickel too

[twigs3] 27/9/2016 06:55

Another 20 mines face suspension.

[jailbird] 24/9/2016 00:55

Nickel ore ban in sight in Philippines: Analyst


"Anti-mining advocates in Congress are taking advantage of the [Rodrigo] Duterte administration’s harsh stance against the mining industry, and reviving calls for a ban on nickel ore exports," says Verisk Maplecroft’s Philippines Analyst Eufracia Taylor.

In a short editorial mailed this week, Taylor states that proponents of the measure took inspiration from Indonesia’s ore ban and are convinced that a similar decision would prompt investment in domestic processing and develop a more value-added mining industry.

But the analyst says that the Philippines’ case is not comparable to that of Indonesia. In her view, Manila “would struggle to secure investment in processing plants due to the lower quality of the nickel ore, while poor infrastructure and high electricity costs make domestic processing commercially challenging.”

Taylor believes, however, that China may put pressure on Duterte’s government to at least delay the ban, given its reliance on Philippine nickel ore for its stainless steel supply chain. "The tension between Duterte's priorities of refining the mining industry and improving relations with China could therefore give mining companies some room to breathe," she writes.

Nevertheless, miners in the Southeast Asian country remain agitated. On September 21st, results of an industry-wide audit that started in July revealed that more than half of the operating mines in the country could be suspended. According to The Manila Times, most of them are nickel operations in Mindanao.

Specifically, the Department of Environment and Natural Resources recommended 12 mines for licence suspension after it found they had inadequate mining practices and a lack of proper siltation prevention facilities, were carrying out technical violations, and were not complying with planned social development efforts.

Previous to this recent development, 10 mines had been already penalized for environmental violations. Eight of those mines are nickel producers. Many of them, however, should get their licences back once requirements are met, Verisk Maplecroft’s analyst says.

Duterte, who was sworn in as the Philippines president at the end of June, has tightened social and environmental standards for mining companies operating in the country. He calls for “responsible mining,” while his detractors see his stances as populist rhetoric.

This situation combined with Indonesia’s ban has seen a decline on global stockpiles, which resulted in nickel prices rising by 17% this year on the London Metal Exchange. And they could continue to climb in 2018, commodities trader and miner Glencore Plc. told Bloomberg, without giving any specific forecast.

[strow] 23/9/2016 10:23

twigs-i think the price will have already been agreed,so it is not relevant in that sense as the dilution is inherent in the agreed price-they are just lightening their holding to balance it to their limit-that is my view anyway

[twigs3] 23/9/2016 09:33

Biggest worries here are how long are Henderson going to keep this down? It's all very well saying long term but if we keep getting diluted at this price there will be nothing left for us long term!

[jailbird] 23/9/2016 08:37

Yes currency fluctuations will impact costs .We know fed will raise rates.This will affect the dollar against other currencies .The strategy should be to hedge their cash to ensure they can offset currency fluctuations .I hope they looking into that

[strow] 23/9/2016 08:31

Stupid thing is that the reason the lowest quartile costs are now so low is precisely down to exchange rates for instance with norlisk having even lower costs over the last few years due to the weak rouble.Again this is why they cannot compare chalk with cheese-the weak re-al should be taken into account when they are trying to compare with current lowest quartile producers otherwise they are doing themselves and all of us a disservice.

[jailbird] 23/9/2016 08:26

Within a month I am expecting ..Your thoughts on costs being lowest quartileJM has banged on about it in interviews and in black and white RNS', so no reason why it cannot be stated in the PFS....Either way at current Nickel prices the project is profitable and feasible

[strow] 23/9/2016 08:20

Another day in the life of ......no pfs.I am encouraged though that david hall in the interim results does state that they aim to show that we have a robust project even at these low nickel prices.
Better to take their time and get it right i suppose.

[strow] 22/9/2016 15:39

long term jb,long term
we must get evidence that costs long term will be in lower cost quartile,then thisll go good

[thelung] 21/9/2016 08:52

"imminently"

[divmad] 21/9/2016 08:45

Remind me again, when was the PFS supposed to be announced by?

[strow] 21/9/2016 08:41

I just think by the nature of what they are having to do,they are holding back the price.I do find it a little disconcerting that the cfo has been changed at this point-seems to me all may not have been good,so either we will have to wait longer for the pfs announcement if they want to announce the fundraise at the same time,or the two will now be separated.

[jailbird] 21/9/2016 07:24

Yes looks like Ate they manipulating the price ?

[strow] 20/9/2016 21:24

I am still thinking that Henderson are match selling to reduce their holding to a level which allows them to participate in the bfs raise and still maintain their corporate holding limit.

[twigs3] 20/9/2016 19:35

Things sound like they could get interesting on Thursday.