Horizonte Minerals Share Discussion Threads

[ste2000] 19/5/2024 11:47

This is what happens to you when you listen to rampers. Rampers are the scum of the earth.

Ya daft mugs

[terminator101] 16/5/2024 07:35

Terminated.

[bittorrent] 16/5/2024 07:34

john henry, makes sense I suppose.

[john henry] 16/5/2024 07:30

Bittorent buys where probably shorts closing

[bittorrent] 16/5/2024 07:29

I can't believe people were still buying this up to yesterday, when it was clearly bust.

[amt] 16/5/2024 07:27

End of the road and worthless

[sleveen] 16/5/2024 07:25

kirk6, still think that?

[london07] 16/5/2024 07:11

Everyone sleeping on Power Metal Resources! Will explode soon 🚀

Power Arabia - Pre IPO
Uranium Assets - IPO
GMET - Drlling Porphyry in US, POW has a more than 50% stake

Plus multiple other news drivers.

[tomboyb] 16/5/2024 07:11

ben and hzm!

[excellance] 14/5/2024 16:25

Surely he's learned from this HZM fiasco to oversee what the CFO gets up to...??

[wooster4] 14/5/2024 14:17

i see jeremy martin is chairman at zinnwald lithium - one to avoid i think

[jaknife] 08/5/2024 13:14

A quick summary of BLOE:

* Extracting oil from reconditioned oil fields in Georgia.
* Oil fields that were drilled and abandoned by the Russian State years ago.
* The same area where the fraud Frontera Resources claimed to be doing the same.

P&L

* BLOE came to market in June 2018, it has reported losses EVERY year that it's been listed.
* The interims revealed further losses:


* Final results are due any day now (they were 11 May last year) and all the forecasts are for further losses.

Balance Sheet

* The last balance sheet was the interims for the six months to 30 June 2023
* Net equity was $27.3m but that includes the oil fields at $22.9m. Is that value realistic when the oil fields are loss-making? Who would pay more than zero to take on loss-making assets?
* Net debt was $1m (Gross debt $1.9m and cash $0.9m)

Cash Flow

* Cash burn in H1 was c. $1.5m. Note in particular that significant sums need to be spent on well stimulation and these are shown in the capex line rather than in the P&L. Hence cash losses are worse than P&L losses.
* BLOE has burnt cash EVERY year that its been listed and, in consequence, has had to come to market and raise cash on a regular basis.

Summary/Forecast

BLOE is a total dog. The only reason that it survives is that it raises funds on a regular basis from PIs who believe management's hot air and spin.

BLOE very probably needs to raise funds yet again.

JakNife

[andyalbi71] 08/5/2024 12:43

If you want to see a decent return on your lost funds , look at BLOE , they have just signed a MoU for their CCS project , 8.7 gigatonnes of CC at ?60 tonne ?. And market cap here still only ?12m , it will rocket only 725m shares in issue , DYOR and the maths , it?s mind blowing

[kirk 6] 02/5/2024 09:14

Take a look at INDI Indus gas very cheap stock one of the cheapest I can find

[excellance] 01/5/2024 23:33

The good news is that the mine will get built, the mine workers will have good well paid jobs for decades.
The senior debt holder will make half a billion dollars within three weeks, and Jeremy will take a well earned holiday. He had a good run but in the end he was naive and lacked experience.
Shareholders will have learned a valuable lesson, but expensive.
All we can do now is observe the winners taking it all.

[laptop15] 01/5/2024 11:18

Could be a dead cat bounce as shorts exit??

[laptop15] 01/5/2024 11:17

Last man out turn the lights off please to conserve energy and cash burn. Might help last another day....lol...what a shambles they made of this company

[kirk 6] 01/5/2024 08:20

500k bought lol at virtually yesterdays price and today confining shareholders will get nothing. The stupidity of the markets

[goggin] 01/5/2024 08:15

Just beer money now and a refinancing for someone after 100 million invested, now worth just .76m?