Horizonte Minerals Share Discussion Threads

[twigs3] 13/2/2017 16:59

Thanks for that haydock, that was a good deal for them, yes JB agreed!

[haydock] 13/2/2017 16:33

TIDMURU
RNS Number : 7490W
URU Metals Limited
13 February 2017
URU Metals Limited
("URU Metals" or "the Company")
Placing
URU Metals (AIM:URU), the base metals and uranium explorer and development company, is pleased to announce that it has raised GBP535,000 (before expenses) through a placing of 11,888,888 new Ordinary Shares at 4.5p per share ("Placing Shares") ("the Placing").
Reasons for the Placing
Following the appointment of Henry Kloepper as an advisor to the Board of URU the Company has been assessing various opportunities in the Lithium sector in order to expand its portfolio of projects. The net proceeds of the Placing will be used by the Company to investigate these new acquisition targets and also means URU is in a strong position to act on any attractive proposals the Board receives.
Details of the Placing
Niketo Co.Ltd ("Niketo"), which owns a shareholding of 16.1 per cent. of the Company's issued share capital, has agreed to subscribe for 2,000,000 Placing Shares.
The participation of Niketo in the Placing is a related party transaction under the AIM Rules for Companies. Jay Vieira and David Subotic, the independent directors, having consulted with the Company's Nominated Adviser, Northland Capital Partners Limited, consider that the terms of Niketo's participation in the Placing are fair and reasonable so far as the shareholders of the Company are concerned.
Proposed Subscription by Directors
In addition to the Placing, the Board has been advised that John Zorbas and Jay Vieira, directors of the Company each intend to subscribe for 1,111,111 and 444,444 new Ordinary Shares respectively on the same terms as the Placing, following the announcement of the Placing.
Commenting on the placing, John Zorbas, CEO of URU Metals commented:
"This placing, at a significant premium to the placing price in January 2017, represents further investor interest in the Company's existing projects and our plans to expand the portfolio. The new funds raised will allow the Company to investigate and pursue other opportunities particularly in the lithium sector where we are reviewing a number of projects. We look forward to updating shareholders in due course with news from our South African nickel projects."
A further announcement will be made in due course.
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

[haydock] 13/2/2017 16:30

Amazing placing in that one, way, way, ahead of the share price

Still lets hope the mkt, makes a connection !

[twigs3] 13/2/2017 15:41

Another nickel play URU gone from 0.27- 3.9! When will it be our turn :-(

[jailbird] 13/2/2017 12:05

250k seller1 million sold today from what I can see

[twigs3] 13/2/2017 11:52

Getting close to a 52 week high, will it hold!?

[soundbuy] 13/2/2017 11:48

Yum yum.......

[jailbird] 13/2/2017 11:39

All blue 2 v 1

[twigs3] 13/2/2017 11:38

Looking good, thanks JB now up 8%

[jailbird] 13/2/2017 11:25

Morning chaps5v2.. strongest I have seen it for a while

[twigs3] 13/2/2017 11:03

Full ask to buy, 2.65 to sell,

[twigs3] 13/2/2017 10:55

Not going to take much to move this, JB what's level two looking like?

[salmonn1] 12/2/2017 22:21

I bought £30k of Parkmead shares, I think in 2009, a few months later, in December, they were worth £90k, I held on to them till about May and sold for £6k profit. Still not sure what I should have done, probably should have sold £30k worth after they had doubled in value and kept the rest. HZM is only the second miner (Parkmead was the first) I have ever bought. And for the same reason, the calibre of the people running the company.

[strow] 12/2/2017 10:21

Kryso-long time back but would have retired as well-same as African Aura before the split The first I didn't hang on to long enough and the second I didn't sell early enough.Biggest lesson I've learnt over 15 years is if it's a good one in a politically stable area,hang onto it and add on dips

[jailbird] 10/2/2017 22:24

ok chaps..good to talk..good to hear ppl's stories of failures of selling to early.

There is something in holding for the medium term , particulary if the Co is doing the right things

I missed out on FCRm..it 5p over 12 monthgs ago..now 65p..I was watching it but refused to buy when it went to 10p..then it kept going!!

[strow] 10/2/2017 17:10

just pulling your leg jb-glad its ticked up and you were right

[strow] 10/2/2017 16:32

youre the man,richer than ever :-)

[jailbird] 10/2/2017 14:04

Tick upI was right :-)

[strow] 10/2/2017 13:50

Sumitomo was mentioned at one point as offtake (they have changed their name now I think).

[salmonn1] 10/2/2017 10:57

I've just read the Shard Capital note on HZM. I agree with strow, a lot of useful information. Some of it new to me. I was particularly interested to see they think there is potential to increase the Ni grade through further drilling in the GAP area (drilling is planned). Also interestingly the author of the report writes, "We believe that it may cost c.$200m to add in a second RKEF line". A lot less than HZM's estimate.

Taking the gist of the report as a whole I'm encouraged that it begins to make the case for a SS producer to look for a JV or similar as a strategic move to guarantee continuity of Ni supply for the medium/long term. Maybe that's too early but the argument could get stronger if current market trends continue.

[wooster4] 10/2/2017 10:50

Jailbird - i bought into solg in nov 2015 for 1.2 pence and sold shortly after for 1.6 pence - hit 45 pence this morning...doh!! However, can't win them all. There have been plenty i've sold near the top and seen them subsequently plummet. Never dwell on the past.

[jailbird] 10/2/2017 09:55

To be honest , I will be happy if it can stay below 3p until 5th April. I want to add more in new isa tax year

[twigs3] 10/2/2017 09:45

JB I know how you feel, we have been in this share for a long time now! BUT I do feel this will be the year of change, when BFS is done I think we will be at the 10p range. IMO