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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Horizonte Minerals Plc | HZM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.325 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.325 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 16/5/2024 06:11 by tomboyb ben and hzm! |
Posted at 14/5/2024 15:25 by excellance Surely he's learned from this HZM fiasco to oversee what the CFO gets up to...?? |
Posted at 26/4/2024 18:28 by excellance HZM was hindered by the small print in the finance contract penned by themselves. |
Posted at 26/4/2024 18:24 by impossible123 HZM was hindered with a couple of monumental world issues ie Covid and the Ukraine War which meant massive disruption and big increases in costs all round. The former could have been absorbed; Putin's madness in Ukraine was too insurmountable for a minnow miner without revenue like HZM.Just not to be, I think. Notwithstanding, senior management could have been a lot more transparent and savvy eg contingency funds aplenty for unavoidable over-runs prior to production. |
Posted at 15/4/2024 11:50 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 01/4/2024 17:03 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 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 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 20:15 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,̶ 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” 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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