Horizonte Minerals Investors - HZM

Horizonte Minerals Investors - HZM

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Horizonte Minerals Plc HZM London Ordinary Share GB00B11DNM70 ORD 1P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 7.55 00:00:00
Open Price Low Price High Price Close Price Previous Close
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craigieboy1: Will be interesting to see if our new North American investors take some interest when they get out of bed later today. I do think the latest placing will prove to be a decent piece of work when the dust settles, but it has unnerved some that’s for sure. When finalising the cornerstone piece the negotiation will be more competitive for HZM with plenty cash in the bank. Circa £30m or so.
excellance: The reason finance is delayed is because we need an investor to cover our equity stake, but that investor may just buy us lock stock and barrel instead of just putting in a small percentage. The placing wasn't really needed. It is simply to reward the fat cats behind the curtain and cover us financially whatever happens, but really it was just greed. I'm sure if asked retail investors would have coughed up but we weren't asked, they don't want our money, we are just mushrooms. It was always thus.
jailbird: From LSE CANTOR then ?In connection with the Placing, the Joint Bookrunners and any of their respective affiliates, acting as investors for their own account, may take up a portion of the shares in the Placing as a principal position and in that capacity may retain, purchase, sell, offer to sell for the own accounts or otherwise deal for their own account in such shares and other securities of the Company or related investments in connection with the Placing or otherwise. Accordingly, references to Placing Shares being offered, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or acquisition, placing or dealing by, the relevant Bookrunner and its affiliates acting in such capacity. In addition, the Joint Bookrunners and any of their respective affiliates may enter into financing arrangements (including swaps) with investors in connection with which the Bookrunner and any of its affiliates may from time to time acquire, hold or dispose of shares. The Joint Bookrunners do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.
jedi k: Thanks Lawrence. This deal did not happen overnight and may have been proposed in December when the share price was at 7p. As the Nickel price has gone up so has the HZM price and we near financial closing. Thus no malice was intended just circumstances and these investors/brokers are interested in short and medium gains only. It's the only these guys earn a bonus. They don't get any credit for paper profits or dividends in 6 or 7 years time.
jailbird: Once an institutional investor establishes a large position, its next motive is typically to find ways to drive up its value. In short, investors who get in at or near the beginning of the institutional investor's buying process stand to make a lot of money. Individual investors should not only know which firms have an ownership position in a given stock; they should also be able to gauge the potential for other firms to acquire shares while understanding the reasons for which a current owner might liquidate its position. Institutional owners have the power to both create and destroy value for individual investors. As a result, it is important that investors keep tabs on and react to the moves the biggest players in a given stock are making. excerpts taken from hxxps://www.investopedia.com/articles/stocks/07/insitutional-owners.asp
ridicule: Harrisun, I have always assumed an Aim rule for accelerated book builds because I have never known one to occur unannounced. I have reproduced the following definition from the World Wide Web and when you read it, it surely makes sense that they should always be announced in order to get the Auction competitive pressures to work. “With an accelerated bookbuild, the offer period is open for only one or two days and with little to no marketing. In other words, the time between pricing and issuance is 48 hours or less. A bookbuild that is accelerated is frequently implemented overnight, with the issuing company contacting a number of investment banks that can serve as underwriters on the evening prior to the intended placement. The issuer solicits bids in an auction-type process and awards the underwriting contract to the bank that commits to the highest back stop price. The underwriter submits the proposal with the price range to institutional investors. In effect, placement with investors happens overnight with the security pricing occurring most often within 24 to 48 hours.”
ridicule: Correct Wooster4, for the reasons I outlined above. The other important point for investors to remember is that the whole project model is based on a Nickel price around $14,000 per ton from memory, so we are in a very good place. The number of shares in issue is high, but this can be rectified once production starts, through share buybacks. There are no more major equity dilution events in prospect given the further funding is targeting: senior debt; cornerstone investor money and offtake partner funding. This fundraiser has underpinned all future cash sources on a de risked basis and maintained engineering momentum to beat the rainy season.
fullbreakfast: I would not mind the price if we were allowed to participate. Really hacked off they have not done an open offer for private investors. This has happened before and private investors were also ignored at that point. Probably there will be chances to buy in the market at below the placing price in coming days. See e.g. BCN which had a placing a couple of weeks ago and closed below placing price today I think. Not much consolation for holders, I know. 76m warrants issued, too. Have been looking at HZM as a potential buy but perhaps there's no rush.
craigieboy1: Positives. We start construction now, reduces main equity piece, puts a floor on the share price, indicates the confidence in the main equity piece completion, brings leverage to cornerstone investor bargaining, ie we can raise money... Negatives, Would have preferred a slightly higher price, but my forecast for the main equity was 8p, so this is pretty close. Equity investors seek a return of 3-5 times investment, so it’s very good news for long term holders, 7.5 x 5 = 37.5p Overall I am happy with it, no I didn’t know and didn’t participate. Hopefully current shareholders get to participate in the main event. We must not forget this is gateway financing that unlocks every asset. Another major step towards the end game has been taken. Just a surprise. Jeremy will be explaining tomorrow I would imagine.
cgequityinvest: I would not mind the price if we were allowed to participate. Really hacked off they have not done an open offer for private investors. This has happened before and private investors were also ignored at that point.
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