Horizonte Minerals Share Discussion Threads

[salmonn1] 08/3/2021 22:43

excellance, I definitely think all players in the finance package are trying to maximize their holding for the lowest cost to them. I'm just hoping the BoD can get the best deal available given the hand they've been dealt. Re the company not having built a RKEF plant, the company team and contractors have actually been directly involved in the construction of Barro Alto and Onca Puma and all the other elements that go into the development of a working nickel laterite mine, in Brazil. That includes a furnace rebuild at one of the plants. If there is a takeover the same people will be doing the work whoever ultimately owns the asset. I think I know enough about construction and engineering to know that as complex a piece of kit as an RKEF plant is unlikely to get built successfully by people who have never done it before. Believe me my DD has from the beginning has been asking these questions. All these banks etc. I'm sure are totally ruthless, the best you can say is they're "frenemies". I think the BoD will do the best job possible with the resources to hand but I'm not expecting miracles.

[mesb48] 08/3/2021 09:47

can anyone suggest good past examples in other companies to know what terms a deal with a cornerstone investor at this stage in mine development is likely to look like?

[stansmith3] 08/3/2021 07:43

Interesting, before the placing which PIs were excluded from PIs collectively had quite a large stake here....

[excellance] 07/3/2021 23:50

Because we are about to be taken over for buttons. It is actually a much lower risk outcome for a company that haven't built a shed never mind a half billion dollar mine and processing plant. The banks will force a sale.

[backinblack80] 07/3/2021 00:40

If there is no imminent TO offer, I'll be a tad concerned.HZM take this to production? No one interested? Who is the Cornerstone Investor? Why is there so little meaningful news and why are simple deadlines being missed?

[jedi k] 06/3/2021 15:08

https://www.proactiveinvestors.com/companies/amp/news/21170I think we passed the original thinking that HZM will be sold pre-production. I think we are going to go all the way and construct and into production. All this adds so much value to HZM that any future selling up to a major will in the Billions. Happy days for those that can wait, or even top slice and wait.

[jailbird] 06/3/2021 10:22

On another point .The maximum we can get via debt is the best way to go .I dislike dilution at the best of times but sometimes it is a necessity and only route with development stages Dilution can hold back the share price ,we know this .But the good thing this time we are close to construction now I think recent new shareholders wanted in for a reason whatever that might be we will find out .As long as Co has cash flow and can service and pay down the debt , it is a no brainier here. This project will be a cash cow .Araguaia is a done deal for me , and I think next dilution will be less than expected after the recent raising.Vermelho - whether HPAL is a concern or costs or off take , it is reassuring this project as a backup and can still be a stainless project.I have no concerns about this. But I do thing a JV partner or offtake will happen for this project.. Or even an offer to buy.The Chinese we know can create disruptive technology so it is good to know that Vermelho has the ability to be a stainless or EV project As long as Nickel is over $14k, I am comfortable with this

[jailbird] 06/3/2021 10:10

Not sure Jedi to be honest . Will need to read more into this

[jedi k] 06/3/2021 09:39

Does anyone recall JM making reference to the previous Nickel acquisition up the road. How does this now compare with HZM?https://www.theglobeandmail.com/amp/report-on-business/brazils-cvrd-offers-to-buy-canico/article1123785/

[wooster4] 06/3/2021 09:14

oh dear - showing your true colours again!!! Now run along...

[salmonn1] 06/3/2021 08:43

No jb. I haven't got a target price, though might sell those in my sipp when I reach my LTA. strow, to justify the risk of putting money in aim I want a minimum of 7% cagr ie double money over ten years. See it as the best case opportunity cost of not holding in a safer investment. That's just me trying to put a gloss of rationality on it, really just trying to convince myself it's not just an almighty punt ;). I'm always cautious on here, I wouldn't want anyone to put money in they can't afford to lose.

[laurence llewelyn binliner] 05/3/2021 23:38

#excellence, I am thinking the USD440M will fund the mine build, but the punitive interest on new mine finance of which you speak is typically 8-10%, what we have negotiated is to be confirmed, but the 325M debt element needs to be serviced before any cash flows for at least 2 years.. Perhaps this needs to be funded and the last piece of the puzzle, the public offering is to cover this off...? Then there are the 2 years of normal operating expenses / HQ / BOD salaries on top to consider before cashflows..? I am I unsure if the 440M already takes into consideration the initial debt service needs but perhaps someone else can answer this ..? as the potential extra 65M cost is quite substantial...

[twigs3] 05/3/2021 21:48

excellance We know your a trader but if your going to post figures positive or negative please get them right or post the wrong ones on your own board, thanks twigs

[strow] 05/3/2021 21:42

8p Salmon ?Don't sell yourself so lowThat has to be the base (or 7.5p)No raise will happen lower now and we have 30-50 years of nickel to pull out of the ground yet ?

[excellance] 05/3/2021 16:54

Non binding term sheet Unnamed entity No details given. Now Jeremy says in a fireside chat that in December we secured a cornerstone investor to the tune of broadly $100m Doesn't that warrant an RNS all on its own? Is it real?

[excellance] 05/3/2021 16:39

I know they gave us $25m for a percentage of revenue...but no RNS in December about any cornerstone investor.

[soundbuy] 05/3/2021 16:14

Anybody find a link to JM's cosy fireside chat with Alexander Pearce, the BMO Metals mining analyst, now like they're best buddies....? I assume its going/has gone live?

[soundbuy] 05/3/2021 16:14

Orion on a hunch....

[excellance] 05/3/2021 16:06

Who is the cornerstone investor secured last December providing $100m?

[soundbuy] 05/3/2021 15:40

'Where were the predators when the stock was languishing under 2p' Majors have a history of overpaying at the top of cycles and the picture for nickel both class 1 and class 2 has changed some what over the last 18 months or so.... (And 2p was laughable TBH....)

[soundbuy] 05/3/2021 12:52

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