Horizonte Minerals Share Discussion Threads

[salmonn1] 22/4/2016 00:12

Thanks again Raymond for asking those question and hope to see you and Strow next year. And any other interested shareholders.

[salmonn1] 22/4/2016 00:10

Raymund has done an excellent job covering what was said as usual. JM's recent interviews close to the AGM mean his AGM presentation went over ground already covered and available on YouTube etc.

However, the whole atmosphere of the board at this year's AGM seemed to me to be much more positive and upbeat compared with the 2015 AGM. Buying GAP was a game changing deal. A recovery in the Ni price should lead to the market looking for new Tier 1 assets and HZM is probably the best in the world not owned by a major.

Since January interest in mining assets is starting to return, there was genuine confidence that the expanded HZM will be of real interest when Ni starts to recover and a spike in the Ni price is all that's needed to lead to potentially a game changing deal. Raymond has outlined the time table for the next mile stones the thinking is that the data collection should be put in place now so that the FS various licences can be released to the market at the most advantageous time.

Re Brazil, JM said that despite the current problems the desire for foreign investment is still there. In fact HZM has got more traction with the mines Dept. etc. in the last two years as other mine projects have fallen away. HZM is now getting noticed in Brazil.

Bill Fisher said he thinks Ni has a positive outlook for the first time in five years. And when the market starts looking at Ni juniors there are none at this (HZM) size. He also made an interesting observation that the point at which a mine started production in relation to the Ni cycle determines it's viability. It is better to come on stream at the start of the price rise that at the top and some mines making losses now are just being kept active to pay their interest and will never be viable.

Hence as OB said HZM will not deliver the FS into a weak market where it will get ignored, but we need to do the value added work now but bide our time to publish into a rising market.

Looking at the quality of the new combined asset AND the management team, things are looking up.

[twigs3] 21/4/2016 21:42

Raymund, thanks as a always for taking the time out, cheers twigs

[strow] 21/4/2016 21:39

yes raymund,thank you-all very positive-hope to see you again next year

[wooster4] 21/4/2016 21:27

Many thanks Raymond for feedback.

[raymund] 21/4/2016 20:55

Nothing fundamentally new at AGM today but nevertheless, most reassuring. Just a few points. See presentation on website.

JM said that HZM now in best shape ever despite challenging environment. All pretty well to schedule although possible the revised PFS might just shift over from late H1 to early H2. Ni is key and would like to see the expected upturn take root so no great haste. Currently, 60 - 70% Ni produced is sub-economic, cannot last!

Regional Government remains strongly supportive, anxious for production and local employment to benefit infra-structure, where average wage is $1.5 per day! Not affected by macro-politics in Brazil and can expect permits to schedule.

On funding, JM could see a partner wanting to work with HZM; alternatively, prospects of venture capital funds good now that many are looking for new projects, the time when their interest will be gained is post PFS.

I asked about lack of interest on TSX and JM said they will focus here also post PFS, Bill Fisher (lives in Toronto) confirmed that this is right approach.

As an informal throwaway, JM said that we could hope to see 10-12p by year-end but of course, would not be bound by this!

Salmonn1, also there, may have some corrections (!) or points to add. I remain committed.

[twigs3] 21/4/2016 16:29

Volume on TSX again.

[snowyflake] 20/4/2016 14:16

Could anyone attending the AGM please try and take a note especially of Qs & As and post a report.

[wooster4] 20/4/2016 12:59

AGM tomorrow, so on previous years expect an update on Friday morning.

[goldendigger] 19/4/2016 18:52

And back down we go. I did regret not buying more before the recent rise. 1 cents per pound again.

[bittorrent] 18/4/2016 11:58

A little light reading while we wait for news:
hxxp://investorintel.com/technology-metals-intel/lithium-ion-batteries-the-cobalt-cliff-is-upon-us/

[raymund] 14/4/2016 20:35

Some volume there today, about 1.3m so far. Whose let the Canadians into our secret?

[twigs3] 14/4/2016 16:16

Two large trades on TSX

[raymund] 13/4/2016 14:16

Yes RNS 4710A 20/9/15 two purhases, Chairman 247,047 at 1.82p and Owen B 2m at 2.0p; not aware of sales.

[snowyflake] 13/4/2016 12:42

Are you talking about his purchase and not sale of 2 million at 2 pence announced 29.09.15?

[raymund] 13/4/2016 12:25

I always sensed that Owen was canny and an asset to the board and take my hat off to him on the timing of his 2m director sale.

[snowyflake] 13/4/2016 10:11

I guess that the charm offensive in Canada will really start with the release of the PDFS. I think that Zak Mir may have touched on it when he interviewed Jeremy Martin on 6th April.

[steeplejack] 13/4/2016 09:43

Has always been the case.Never been much volume in Canada and certainly never dictated share price levels in UK.

[raymund] 13/4/2016 09:19

I find surprising how little interest is shown on TSX, just one trade last night. Why should this be?

[twigs3] 13/4/2016 07:05

Goldendigger, same here still worth picking more up but just wish I could have at the bottom.

[goldendigger] 13/4/2016 00:31

After all these years glad we are being noticed but also a bit gutted that I didnt load up here as much as I wanted to. Didnt expect this to start re rating quite yet. Having said that we are now valued at around 1.5 cents per pound in the ground so quite a bit away from 20 cents per pound.

[steeplejack] 12/4/2016 16:34

Your average AIM punter(who's been dabbling over the years in junior mining stocks)was interred unceremoniously,many moons ago ,in a disused banana factory off the M25.A few,a handful perhaps,did survive.....and I understand that one such survivor regards Horizonte as a good egg but thereagain he always did.?

[bittorrent] 12/4/2016 15:57

I think it just got noticed!

[wooster4] 12/4/2016 15:38

amazing how under the radar this is. Your average AIM punter has never heard of horizonte (long may that last)