Horizonte Minerals Share Discussion Threads

[twigs3] 20/10/2015 18:59

Does seem strange, 2mill sell and the price goes up 8% maybe just maybe it was the last lot? Can see this moving back to 3-4 p by new year.

[goldendigger] 20/10/2015 13:38

2 mill sell yet the price goes up.

[twigs3] 20/10/2015 12:22

2 mill sell, will it ever stop!

[senor_sensible] 20/10/2015 10:35

its starting to move a little now

[twigs3] 15/10/2015 11:02

Should be very good, just hoping the share price goes up before the first $2 million worth of shares are due.

[strow] 15/10/2015 10:01

i am also confident-the updated study i predict will be pretty amazing on this resource

[twigs3] 15/10/2015 08:27

He now owns over 15% !! He must be confident

[strow] 15/10/2015 08:22

I hope its not Griffiths that has been messing with it

[senor_sensible] 15/10/2015 07:58

looks like there could be some positive movement here :-)

[twigs3] 14/10/2015 13:11

LME stock level lowest since May, early days and still historically high but at least is is going in the right direction!

[haydock] 14/10/2015 10:33

Independent viewpoint

Nickel to rise above $20,000/tonne by 2017 – Alto Capital

A longer-term perspective supports price appreciation.

Alto Capital | 8 October 2015 09:01

Nickel



A bullish outlook that will see nickel climb out of its current price slump and double in value to in excess of US$20,000 a tonne before March 2017, has been forecast today by market observer, Alto Capital.

Addressing the Paydirt 2015 Australian Nickel Conference in Perth today, Alto Capital research analyst, Mr Carey Smith, said that while the sector was under substantial cost and price pain, nonetheless the trend factors and outlook were far more substantial than they appeared.

“The nickel market has been dismal due to a recipe of stockpiles are up, production is up and demand is down,” Mr Smith said.

“However, going forward, stockpiled Indonesian high grade laterite nickel in China has all been consumed, China Nickel Pig Iron (NPI) production is in decline, global nickel supply is decreasing with only Independence Group’s Nova Bollinger project on the horizon and most producers/miners are losing money – so they will minimise their operations and/or get out of the game,” he said.







“This favours a return to the unrealised 2014 predictions of prices circa plus US$20,000 a tonne.”

Mr Smith said the current downturn was one of the longest in the nickel sector, totalling around 53 months with a decrease in price over that time of greater than 65%.

While the sector’s consensus 12 months ago was +US$20,000, the current price was more around US$10,000.

“On a performance review, all base metals have been in a downward trend, but have stayed mostly above GFC trough levels – except nickel,” Mr Smith said.

“London Metal Exchange (LME) stockpile estimates have pushed out to approximately 450,000 tonnes or about 85 days consumption,” he said.

“Economic uncertainty surrounding the direction of interest rates and global growth and Chinese equity, debt and economic concerns, are all weighing on the sector.

“Seven new nickel projects which had been suffering delays of three to six years, have all completed their ramp ups and come into production, some at capacity, more or less all at the same time, adding an additional ~200,000 tonnes per year.

“Against this environment, it is difficult to see any new nickel laterite projects being developed over the next decade.”

The Alto Capital analyst also pointed to China’s flat stainless steel production (a big consumer of nickel) of the past three quarters with no visible catalysts to suggest production will increase significantly from current levels.

“True, Chinese stainless steel production has grown strongly over the past decade and now accounts for more than 50% of global stainless steel but it does appear to have flat lined at around 21-22mtpa,” Mr Smith said.

“We estimate that 60% of nickel producers are currently losing money, output from the ‘Big 15’ producers declined ~11% between 2006 and 2014, with production down at 11 out of the 15 operations,” he said, “or around 90,000 tpa”.

“However, if you consider that as further declines are forecast over the coming years with a number of projects shutting down/reducing output or being put on care & maintenance, and that the bulk of recent projects that have come on stream were discovered more than 30 years ago, it means there are now very few significant sized projects waiting to be developed or left in the cupboard.

“That starts to make the picture look a lot rosier.

“Our view is that the nickel price will hit at least US$9.00/lb (US$20,000/t) before March 2017 and the AUD/US exchange rate will continue to be an added bonus.

“It is not easy to recognise the bottom of a cycle when you are in it but the bottom is in, and we will look back on this time in a couple of years and say “that was a massive opportunity.”

[twigs3] 12/10/2015 10:18

hxxp://mobile.abc.net.au/news/2015-10-12/base-metal-prices-have-bottomed-out/6846986

[senor_sensible] 12/10/2015 09:31

Perfect time to be buying adventurous explorers (miners) with very good team at the helm IMO.

[pvq66] 09/10/2015 08:30

Straw, you ought to read the link I posted, You got back rather quickly. You're not really in, you just think you are....

Have a look I don't post very often, speaks for itself.

LESS IS MORE, and in your case, you will earn less.

[strow] 09/10/2015 08:21

a few more "deluded" posts for you guys

[pvq66] 09/10/2015 08:19

Straw, I've been here a long time and will continue to hold for my perils, just refuse to average down, that's why I'm frustrated. Just trying to be honest.

On the other hand, I would never short a Aim share. I'm a technical day trader, I've picked 15 FTSE 100 shares and I watch them like a hawk. That works for me.

I'm very fortunate, I can take the hit, just don't like losing money. Can you blame me?

[strow] 09/10/2015 08:17

hxxp://www.abc.net.au/news/2015-10-08/tumbling-nickel-prices-eat-into-miners-profits/6838974

[strow] 08/10/2015 19:16

All the negative views on here are all short termist,likely traders rather than investors.
Each person has to gauge their own risk tolerance.
Anyone with half a brain can see this is medium to long term an amazing opportunity.
No risk,no reward.
Sell or dont buy if you dont believe in it.
Short it if you like,but make sure your stops are dead certs otherwise one day you will get burned badly.

[danieldruff2] 08/10/2015 17:54

If someone gave HZM free cash to keep operating all the way to 2019.
And gave them half a billion to get the project up and running.
At this nickel price they would still lose on every pound produced and go bust.

[pvq66] 08/10/2015 16:12

Sorry Triggs3,I would agree, just got sucked into this one and super cycles don't come around very often. Another one seems a long way off. Just a frustrated long term holder. Fortunately, I can afford to take the hit as very much a day trader these days, as have not trusted the market for some time.

[twigs3] 08/10/2015 15:43

HI Pvq66 I wouldn't say I'm a deluded optimist I can see both sides, if nickel prices stay at this level then HZM will never make it! However I believe prices will pick up in the next 24 months and yes the main problem is dilution but if you look at the deal with glencore it was structured very well for us. The share price from 30p down to 1p was all down to market conditions and not the management would you not agree? Just look at glencore £5.30 down to 66p!! ATB

[pvq66] 08/10/2015 14:40

Straw. In all honesty, that's all that counts. We are after all only here to make money.

[strow] 08/10/2015 11:38

My only real problem is keeping up with the dilution-very happy otherwise

[pvq66] 08/10/2015 08:55

Please read, all you need to know about market manipulation.

hxxp://www.stockmarketcats.com/showthread.php?t=2145