Horizonte Minerals Share Discussion Threads

[twigs3] 16/8/2016 15:04

Can't even get a price, goes to market with TD trading.

[twigs3] 16/8/2016 14:41

Very tight spread.

[twigs3] 16/8/2016 14:35

Tempted to do a T20 just for PFS think I will leave it to just after holidays are over.

[strow] 16/8/2016 14:31

My t20 just got paid up,but surely it cant be that

[strow] 16/8/2016 14:02

No matching-I reckon henderson have stopped-this was never happening before

[twigs3] 16/8/2016 13:54

Bit of movement on low volume!

[jailbird] 15/8/2016 23:54

Summary of results ... Nothing newALLIANCE NEWS DETAILHORIZONTE REDUCES COSTS WHILST PROGRESSING ARAGUAIA PROJECT IN BRAZIL[ 09 Aug 2016 11:14 ] LONDON (Alliance News) - Horizonte Minerals PLC Tuesday said it has managed to narrow its loss by reducing its costs whilst progressing its Araguaia project in Brazil, which is now one of the largest nickel saprolite projects globally.The miner acquired a project that lied near its own Araguaia project earlier this year from multi-commodity major Glencore PLC before merging them together to create one of the biggest projects of its type, and is now working toward completing a pre-feasibility study for the asset.The study will include an updated mineral resource and will also include revisions to the operating and capital costs of the project."It is our aim, with the completion of the pre-feasibility study, to show that Horizonte owns a Tier 1 asset with robust economics even at the current low nickel prices with a proven process route for the commercial production of ferronickel," said the miner."If we are able to deliver a project at the lower end of the cost curve combined with significant resource upside and optionality, we will be well positioned for the upturn in the nickel markets which are forecast to rise further over the coming years from the lows of early 2016," Horizonte added.In addition, Horizonte is continuing to consolidate its land position south of the land acquired under the deal with Glencore, adding a further 20,000 hectares.The company has already secured the preliminary environmental licence for the operation to allow work to begin toward the installation licence, which would allow construction to start.With no revenue coming through the door, Horizonte has had to focus on reducing costs whilst progressing Araguaia and, overall, managed to narrow its pretax loss in the first six months of 2016 to GBP956,174 from GBP1.2 million a year earlier.That was the result of administrative costs falling to GBP385,028 from GBP415,968, a foreign exchange gain of GBP80,300 being booked rather than the GBP196,920 charge reported last year, and a big fall in share option charges to GBP18,184 from GBP86,890.Those falls were partly offset by a large rise in the change in fair value of the contingent consideration owed to the former owners of Teck Cominco Brasil SA, which amounted to GBP463,301 in the half compared to only GBP55,063 the year before.Horizonte shares were trading up 4.9% to 1.99 pence per share on Tuesday morning.By Joshua Warner; [e-mail]; @JoshAlliance

[divmad] 15/8/2016 09:18

3% is the minimum threshold for reporting.

[strow] 15/8/2016 08:26

I think it will become more obvious now as it was clear that buys were being matched with sells before and we commented on it-lets see.
Every 1% reduction in holdings is meant to be notified down to I think 4%, when they dont have to notify anymore.

[jailbird] 15/8/2016 00:31

Is it mandatory to inform the market if you breach 15% threshold ?If not then a RNS would not have been released for reduced holding until they finished selling for now anyhow .. I would have thought

[twigs3] 14/8/2016 22:26

I don't think they will stop selling, they haven't sold a lot 60k worth?

[strow] 14/8/2016 17:30

Two further points about the recent holdings announcement that are in a slightly more positive vain than has been mentioned.
If Henderson have in fact stopped selling now,then we should see some upwards share price movement pretty soon as for about 3 months buys have been regularly matched with their sells.
Also if Mr Griffiths does start reducing at any point,we will get to hear about it.Gone are our days of mystery sellers.

[twigs3] 13/8/2016 20:31

Would be interesting to know how much they were bidding for it.

[jailbird] 13/8/2016 13:53

There may not be many more suspensions since review ends end of this month

[jailbird] 13/8/2016 13:33

I was just using $10000 is easy multiple to work higher prices.The project is still economically viable at less a lot less .. Was $4000/$5000?My memory fails meBut that is not a concern anyway since we are fire cast to be higher from current levels now

[twigs3] 13/8/2016 09:49

Yep sorry all a bit confusing :(

[strow] 13/8/2016 09:46

Think we should get our £ and $ correct guys :-)

[twigs3] 13/8/2016 09:23

I think they will use £16000 per ton in PFS as this is what the experts think long term price will be, I think in the last PFS they used £18000 but with the enlarged project higher grades for first ten years we should see a massive increase in the NPV of the project, I don't think £10000 is an option going forwards jailbird, I know JM said the project could still work at this price but NPV at £10000 would not be good enough. I know is high but I'm hoping for 1b NPV as I thought we had a 500m NPV on the last PFS? As we know not long to wait now.

[strow] 13/8/2016 08:56

Jailbird-this is an absolute steal of a bargain at higher nickel prices,no doubt about it-what remains to be seen is the range of values at different prices and other different variables-this will become clear very soon.
Divmad-one thing is sure-the team will be trying to finance the BFS in any other way other than equity.

[twigs3] 13/8/2016 08:43

I do still wonder if Anglo Pacific Group will come back on board with a NSR,they still haven't sold any shares so a deal could still be a possibility there?

[jailbird] 13/8/2016 08:28

Being conservative here

[jailbird] 13/8/2016 08:03

Strow Ok even with these dilution figures we are talking about and BFS completed , we are looking at mkt cap of $20-25m...is that still low surely if you look at production revenues even for first few years?What market cap is this worth at say $10000 nickel ?