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HZM Horizonte Minerals Plc

0.475
0.085 (21.79%)
Last Updated: 13:19:32
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Horizonte Minerals Plc HZM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.085 21.79% 0.475 13:19:32
Open Price Low Price High Price Close Price Previous Close
0.40 0.35 0.475 0.39
more quote information »
Industry Sector
MINING

Horizonte Minerals HZM Dividends History

No dividends issued between 16 Apr 2014 and 16 Apr 2024

Top Dividend Posts

Top Posts
Posted at 15/4/2024 12:50 by excellance
For HZM investors it doesn't matter who gets it. HZM holders will lose everything after contributing half a billion dollars.
Maybe someone will bid more?
Posted at 02/4/2024 07:25 by koti4
RNS Number : 8999I
Horizonte Minerals PLC
02 April 2024

NEWS RELEASE

2 April 2024



HORIZONTE CORPORATE UPDATE


Horizonte Minerals Plc (AIM/TSX: HZM) ("Horizonte" or the "Company") announces that as part of the interim funding package as announced on 27th December 2023, pursuant to which the existing senior lenders had agreed to waivers including the deferral of interest originally due at 31st December 2023 to the end of February 2024 and subsequently extended to 29th March 2024, as announced on 1st March 2024, such senior lenders have now agreed to further extend the waivers until 30th April 2024.



Going forwards and as announced on 28th March 2024, there can be no guarantee that senior lenders will consent to further extend the current waivers. If no extension is agreed, deferred interest originally payable at the end of December 2023 and at the end of Q1 2024 will become immediately due and payable on 1st May 2024. If these amounts remain unpaid after becoming due and payable, the senior lenders will be entitled to: (a) immediately cancel the undrawn portion of the senior debt facility; (b) declare all outstanding senior debt amounts (including interest) immediately due and payable; and/or (c) seek to enforce the senior lenders' security, which encompasses all or essentially all of the group's assets.



As announced on 14 March 2024, Araguaia NĂ­quel Metais Ltda ("ANML"), the Company's Brazilian subsidiary, has been granted an injunction (Brazilian Precautionary Measure) giving it a 60-day stay period against the enforcement of debt and certain security held by senior lenders and creditors, in order to negotiate and work on a restructuring plan to be approved by its creditors.



As a guarantor of ANML's debt under the senior loan facilities, if claims are made in relation to the guarantee given by the Company, the Company may also need to consider applying for protective measures that may be available to it, or alternatively appoint administrators for the Company in the UK.
Posted at 01/4/2024 18:03 by impossible123
'JakNife', thanks for the info. I've been in this game for over 3 decades with a break of maybe 4 years, but never shorted a stock.

This was my 2nd bite into HZM (another then was BEM and BAO), but deemed extremely lucky to get out within 10 mins of market opening at 76p average; tried to unload 12.5k stocks but market size restriction meant could only sell in 3 blocks thus averaging 76p.

I hope most still holding could recoup some losses when HZM is refinanced, and relisted at some stage with retail investors given a chance to partake (again). But, I'll not be amongst them.

Good luck everyone still holding!
Posted at 29/3/2024 19:36 by impossible123
A 138 posts since I last posted. I held at 130p; sold 1st thing morning post a capex shortfall RNS.

I only managed to get 76p average. I was cursing as I did think seriously about selling the friday before given persistent drip-selling despite no adverse news on funding or project update.

I followed HZM since. And, I feel sincerely sorry for those who've held since that calamitous RNS.
Posted at 28/3/2024 16:22 by jaknife
excellance,

"But Jac, it wasn't long ago that you were long HZM. Wasn't that "tip" on your website?"

I have never been long of HZM in my entire life. I am short and have been short since last October. And I have zero intention of closing my short in the next ten minutes and have no idea why you would make such a suggestion.

Might I suggest that you don't appear to have a clue what you're talking about?

JakNife
Posted at 28/3/2024 16:09 by excellance
But Jac, it wasn't long ago that you were long HZM. Wasn't that "tip" on your website?
Posted at 16/3/2024 22:08 by stansmith1
great post from strow on lse...-You can bet that anyone deramping at this point just wants in lower before a deal They are not and have never been negative for everyone else's sakes--have you ever read anything so deluded? buying hzm at 1p is the last thing on our minds
Posted at 03/3/2024 10:44 by mrscruff
Hi all. This post is for potential new investors. Over 30 years I've seen been through the growth of companies like SQZ at 3p goto 400p. HZM is potentially a similar story. One strategy is to buy say 1% of your portfolio now at about 3p and then hope financial package will be done at a higher price because the NAV minus debt and excluding the metal in the ground is higher. But this is AIM and funding could be done at say 2p and this is when you should double up.

I feel sorry for holders here being eaten up by inflation. Inflation is going down and we get through this and I see HZM becomes a SQZ for new investors. Take all forum posts with a pinch of salt (like mine) and keep things simple.
Posted at 20/2/2024 11:44 by jaknife
steeplejack,

"its a choice between incompetence or deceit."

I'm a little more forgiving as there is a genuine third option - inflation has gone ballistic over the last couple of years and seemingly wasn't properly baked into the originally estimates.

Back in October, when HZM first announced that there was going to be a cost overrun, they did use the phrase "an expected increase in the overall Project capital requirement by at least 35%" [my bold].

see:

To the extent that there was any dissembling then it was in those two highlighted words.

But even back in October, armed with that RNS, there were still plenty of shareholders who refused to accept that the cost overrun was going to be 35% of the original budget (arguing it was 35% of the remaining budget). Shareholders were too slow to take on board the new information, accept the meaning of that information and accept the natural consequences of that information.

The natural conclusion now is that the probability of HZM being a zero is easily in excess of 90%. At best the existing debt providers need to write down a significant chunk of their debt and a hugely dilutive equity raise is needed. I can't see any reason why retail shareholders would need to be involved in that process. At worst it makes no sense to proceed with the project at the current cost and it should be mothballed.

There is no good outcome for current retail shareholders even at this price.

JakNife
Posted at 08/10/2023 21:15 by havinthelasttoast
Once upon a time, in the wild and woolly world of online stock trading, there was a character named Jaknife. He was infamous on the ADVFN (Aim, Derivatives, Forex, and Shares Network) boards for his unrelenting negativity. Jaknife had a knack for shorting stocks, and he took great pleasure in posting his bearish predictions for all to see.

Every night and day, he would tirelessly type away, bashing stocks left and right. But there was one stock that would haunt Jaknife’s dreams for years to come – HZM, a little-known mining company that looked like it was on the brink of bankruptcy.

Jaknife couldn’t resist trashing HZM at every opportunity. He’d write things like, “HZM is a sinking ship, and anyone who buys in is just throwing their money into a black hole!” He’d always finish his posts with “Jaknife,̶1; as if to proudly sign his name on each prophecy of doom.

But as fate would have it, HZM did the unthinkable. While Jaknife continued to spread his negativity like wildfire, the stock miraculously turned the tide. Unknown to him, HZM secured a game-changing deal that pumped life into their mining operations. Soon, the stock began to surge, and traders who had ignored Jaknife’s warnings started celebrating their newfound riches.

It was a bitter pill for Jaknife to swallow. He watched helplessly as HZM went from the brink of bankruptcy to becoming a sensation in the stock market. It was like watching a horse he bet against at the races suddenly sprout wings and fly to victory.

The ADVFN boards erupted with laughter. Users couldn’t resist poking fun at Jaknife, joking that he must have shorted HZM with his “Jaknife”; and accidentally stabbed himself in the foot. Others imagined Jaknife’s face turning various shades of red as HZM’s stock chart shot up like a rocket.

As for Jaknife, he had to eat a big slice of humble pie. He learned that sometimes, even the most convincing negativity couldn’t stop a determined stock from defying expectations. And from that day on, he vowed to be a little more cautious with his bearish predictions.

But one thing never changed – Jaknife would always sign off with his name, a constant reminder of the time he underestimated the power of a stock called HZM, and how he became the unwitting punchline of the ADVFN boards.

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