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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Horizonte Minerals Plc | LSE:HZM | London | Ordinary Share | GB00BMXLQJ47 | ORD 20P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.25 | -60.00% | 1.50 | 1.25 | 1.75 | 4.25 | 1.375 | 3.75 | 14,494,776 | 16:29:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 0 | -5.32M | -0.0197 | -0.76 | 4.05M |
Date | Subject | Author | Discuss |
---|---|---|---|
27/6/2017 06:55 | We had a mysterious 14-15m a few years back that never got announced and appeared to be used to "furiously" trade with over the next year. Interesting to see what happens with this one. | strow | |
26/6/2017 15:10 | Should be an RNS on that one? | twigs3 | |
26/6/2017 14:19 | Well tried a dummy buy 250k @2.6p | jailbird | |
26/6/2017 13:21 | 14million trade! | twigs3 | |
22/6/2017 10:55 | Don't underestimate the air pollution issue in China. People are really worried about it and the growing middle class expect things to improve. As I've said before, getting rid of Nickel pig-iron bfs are a "low hanging fruit" for the Chinese authorities if they want to improve air quality. | salmonn1 | |
22/6/2017 10:44 | Thanks Twigs | salmonn1 | |
22/6/2017 10:28 | But what looks like a disaster may in fact prove a buying opportunity if supply can be curtailed. For one thing, making anything at a loss is not sustainable. For another, Chinese makers use a polluting process involving sticking cheap imported pig iron into blast furnaces to separate out the nickel. Given China’s move to crack down on environmental hazards, Beijing may eventually stop this. Nickel demand is admittedly not super strong but it has promise. Again much depends on China, responsible for more than half of all consumption. Chinese demand should grow 6 per cent annually over the next two years, according to Goldman Sachs. Also, nickel demand from battery makers could take up some slack if projections of rapid growth of electric cars prove accurate. Contrarian investors should consider which nickel producers have the most exposure. The biggest miners, such as Vale and Glencore, have less direct exposure to the metal. The world’s largest producer is Russia’s Norilsk Nickel, which makes about a third of revenues from the rust-proofing metal. Canada’s lossmaking Sherritt and France’s Eramet heavily depend on nickel, too. Though nickel’s reputation with investors may have been tarnished in recent years, prices cannot fall forever without a supply response in the months ahead. | twigs3 | |
22/6/2017 10:27 | Market pundits occasionally warn investors to avoid picking up nickels in front of steamrollers — alluding to potential unforeseen market danger for little reward. This time, though, it might be worth the risk. Following a long bear market that has developed for nickel, there are reasons for prices to bounce back. Certainly, nickel looks cheap. It has halved in price since a peak in 2014. True, there are plenty of negatives out there. Supply growth from smelters in China and Indonesia has yet to abate. Forced destocking from end users and traders has made matters worse. Goldman Sachs expects net supply growth will nearly triple in 2018 from the estimated 37,000 tonnes this year. Nickel trades at about $4 per pound on a spot basis. At that price, 40 per cent of world nickel output loses money, according to RBC. And that comes before considering the added capital costs for mines and processing plants. | twigs3 | |
22/6/2017 10:02 | Twig What does it say, I am not a subscriber | jailbird | |
22/6/2017 08:36 | Its gotta be just a matter of time guys-the value of great nickel projects like this will ultimately be realised | strow | |
21/6/2017 08:55 | Hopefully jb, but it almost certainly will happen at some point. | salmonn1 | |
21/6/2017 08:02 | Well SalmonnJM has said unless market conditions are right, i.e. the share price and Ni price, then the finance on offer would be too expensive. I think HZM price could rise onFS but Nickel price will be the issue On currrent Nickel forecasting and HZM price means financing unlikely to happen in 2018... pencil in 2019? | jailbird | |
21/6/2017 07:30 | A few comments on the proceeding posts. Owen said at one of the AGMs, he likened raising the capex after the FS to selling your house. If it doesn't sell it becomes "stale" the market loses interest. The board aren't going to try to raise the capital until they are sure they can raise it in a predictable and timely way. JM has said unless market conditions are right, i.e. the share price and Ni price, then the finance on offer would be too expensive. Finance has been available for years but JM has said it is either at too early a stage in HZM's development or too expensive. Re what JM told strow about lowering the C1 costs further, this is excellent news, when I asked that question at the AGM earlier this year I was told that costs were likely to stay the same as any savings would probably be cancelled out, "swings and round-a-bouts" etc. So very good news from the FS! Re the Ni situation, I value everyone's input on this as the specifics does my head in. But according to the economic theory the cost of Ni should settle at the marginal cost of production. OB said as much to me at one of the AGMs. But in reality, especially in a mining commodity market the barriers to entry, massive capex costs and long lead times make it very difficult to smooth out the metal production and hence price. And that's just the supply side of the equation. Disruptive technologies, economic booms/slumps etc. affect the predicted demand side. In other words the Ni price is going to be volatile. JM is probably right to be confident that the Ni price will recover in the next few years just as HZM starts production. It's a waiting game. | salmonn1 | |
20/6/2017 17:52 | Thanks guys | strow | |
20/6/2017 11:01 | At current Nickel prices the project should produce approx $140Mil worth of Nickel per year, I expect the market cap of 30 Mil to increase at least 10 fold :-) worth sitting on these shareS for long term reward IMO | senor_sensible | |
20/6/2017 07:23 | oh yeah-when did you last see an esteemed analyst mention that high grade ore from the phillipines is rapidly running out and probably only has 2-3 years left to run.They never mention the foward looking detail just the attention grabbing overall retrospectively obtained, foward looking headlines.Medium grade ore only from the phillipines after 3 years time. Cant give you the source for that but has been mentioned by independent researchers who dont trade nickel before | strow | |
19/6/2017 10:56 | I like to see another $1000-2000 off Nickel prices for 6-12 months - this will help re-balance supply and demand. | jailbird | |
18/6/2017 08:20 | Hopefully after FS we will be trading much higher, so if we say 2 years operating costs worst case 5 % dilution ? | twigs3 |
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