Horizonte Minerals Share Discussion Threads

[goldendigger] 10/11/2015 08:05

This is excellent news, we should have some movement with this news.

[twigs3] 10/11/2015 07:37

There you go raymound.

[raymund] 05/11/2015 17:47

Depressing to see only one 10,000 buy over last few trading days and could do with a good RNS (bulk sample?) to bolster the turnaround with GLEN deal. Nevertheless, share price holding up reasonably well suggesting to me that MMs don't expect it to remain this quiet for long. A good time to add but sadly no further liquidity at present.

[twigs3] 29/10/2015 19:58

Thanks raymund, look forward to your update.

[raymund] 29/10/2015 19:43

Good to have a date for the GM, the business should be short and I expect that JM will give an updated presentation with opportunity to ask questions, I plan to be there.

[senor_sensible] 28/10/2015 10:51

Twigs, agree, any drop will be short lived, I am holding.

[twigs3] 28/10/2015 09:48

News due soon so should hold of any drop in share price. Then onwards and upwards I'm sure we will be 3-4p before new year providing we get our LP before then.

[senor_sensible] 28/10/2015 08:43

Bit of profit taking, might see a small dip but longer term should still be good IMO

[raymund] 27/10/2015 20:41

Despite the 'red' yesterday and today, share price has held up well, should be a good sign! Perhaps those with Level 2 can tell more.

[twigs3] 24/10/2015 14:04

Divmad, yes that's right.

[divmad] 24/10/2015 13:53

Looks like the whole deal of $8mn will not require any cash to be paid by HZM until first production. The rest is payable in shares. Right?

[goldendigger] 24/10/2015 13:28

Hands down to Jeremy he is an excellent CEO and the board with their impressive credentials is impressive.

[goldendigger] 24/10/2015 13:25

Over the last few years maybe we haven't really stood out despite our huge potential but with this Glencore deal I think we are on the radar of many who beforehand hadn't even heard of us. For a company of our size to have the resource we have and to come on stream when analysts predict the nickel price will be far higher will really gain attention with peeps and institutional investors.

[twigs3] 24/10/2015 13:07

Yes wasn't on the bottom for long, next few weeks will be interesting I think we will be trading much higher. Interesting read
www.zimtu.com/i/pdf/Zimtu-Research-Nickel-(October-2015).pdf

[strow] 24/10/2015 12:33

So frustrating that it comes off the bottom so quickly after spending the best part of 2 years decimating its value-only the lucky few who have large amounts of cash readily available can take advantage of the rock bottom prices which only ever last the blink of an eye.
I really wanted it to last lower for longer to buy as cheap as possible.That opportunity has gone,but 2p is still very cheap indeed,so will just have to accept being able to buy less over the coming year than I wanted.
Its another arguement for the case of holding a large core holding and continuing to add,as the price rises happen very quickly when they come.
All looking good-very pleased with our company.

[raymund] 24/10/2015 09:17

Twigs, I can quote JM 'This is a good deal for the Company, now its time to start building the value', next week should be interesting to see how many get this message.

[twigs3] 23/10/2015 17:10

Good timing raymund. Good week for us here, makes a change! Think the tide has changed for us here. Like you say raymund JM will now do his best to get the share price up before the 2 mil is due in shares,5-12 months so plenty of time for that to happen.

[raymund] 22/10/2015 10:45

Yes, a few divis had arrived in my ISA so just picked up the 33,700, we should have news before long. JM needs to get share price up before first $2m payment is made in shares. Incidentally, when will the GM be called to authorise these?

[strow] 22/10/2015 10:05

somebodys testing for a breakout today too-lets see
This will be a test of whether any overhang is really cleared,or if they are just bluffing again

[twigs3] 22/10/2015 09:09

Moving up on very small volume, RNS now would push this much higher IMO, lots of eyes must be on us now after all the media around the glencore deal.

[jailbird] 20/10/2015 23:03

https://au.news.yahoo.com/thewest/wa/a/29754956/

[jailbird] 20/10/2015 23:03

Analyst Carey Smith speaks at the PayDirt conference.Analyst Carey Smith speaks at the PayDirt conference.The price of nickel will almost doubt to $US20,000 a tonne by March 2017, according to investment bank and corporate advisor Alto Capital.Addressing the Paydirt 2015 Australian Nickel Conference in Perth today, Alto Capital research analyst Carey Smith said while the sector was under substantial cost and price pressure, the trend factors and outlook were far more substantial than they appeared."The nickel market has been dismal due to a recipe of stockpiles up, production up and demand down," he said."However, going forward, stockpiled Indonesian high grade laterite nickel in China has all been consumed, China Nickel Pig Iron 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."This favours a return to the unrealised 2014 predictions of prices circa plus $US20,000 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 per cent.While the sector's consensus 12 months ago was plus $US20,000, the current price was more around $US10,000."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."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 per cent of global stainless steel but it does appear to have flat lined at around 21-22mtpa," Mr Smith said."We estimate that 60 per cent of nickel producers are currently losing money, output from the 'Big 15' producers declined about 11 per cent between 2006 and 2014, with production down at 11 out of the 15 operations."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 $US9 a pound ($US20,000 a tonne) 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'."Nickel rose 2.1 per cent on the London Metals Exchange over night to $US10,170 a tonne.

[flashheart] 20/10/2015 20:51

Very likely the last lot with the probability of a buy order to take them. Anyway price rising due to overhang clearing.