Horizonte Minerals Share Discussion Threads

[uapatel] 11/11/2017 11:23

Strow,

Many thanks for your detailed reply, helps me get a picture now of where you’re coming from on the point of raising some cash. More a case of prudence than funds for the next stage. Which is perhaps fair enough with markets being toppy currently. I couldn’t rationalise the need to get a large placing out now when we don’t have clarity on the actual need. Thanks for explaining your view.

[strow] 11/11/2017 11:05

Uapatel-honestly I have no idea and obviously everyone the best time to do a working capital raise would be post bfs.But I have been here as have a few others a very long time and the board have a habit of surprising us with these placings not always following absolute logic to shareholders.I think maybe even as little as $4m would be very healthy working capital to keep the wolf from the door.This should easily last 18 months whilst everything else including the capex raise takes place.Older investors will know what happens on Aim when the general market tanks and it is decimated big time no matter how good the stock.So.......one could argue to those with experience about risk/benefit and fill the coffers a little more now as a compromise rather than with a very frothy and overbought US market be on the wrong side of a wider market move downwards.I know a lot of you guys who are appearing on this board now from several stocks in the past and I know that none of you are stupid and some of you are very experienced on Aim,so you will know what I am talking about.

[amaretto] 11/11/2017 10:54

Bulletin board upon bulletin board has demonstrated again and again and again that Ayesha's views and comments merely reflect whether he is long or short or in or out of a stock. Nothing else. Best ignored.

[salmonn1] 11/11/2017 10:33

Going to the debt providers and institutions with a market cap of circa £100mill would be the preferred scenario, with a fairly stable share price

[uapatel] 11/11/2017 09:59

Strow,

Interested to hear your view on how much you think would need to be raised if you think a placing around 3p. That’s a good discount to the closing price and appreciate you are just speculating, but you have a concern, so interested to hear you thoughts further.

My view (and I don’t really know that much either way) is that surely the time to raise would be when the BFS is available. As at that point the actual next stage and plan can be assessed.

[charles clore] 11/11/2017 09:33

ayesha have you sold? Dont forget what happened with Asiamet. You got burnt there!

[strow] 11/11/2017 08:34

Yep JB you are right-don't say anything more about placings-I have learnt my lesson-don't cross a trader....:-)

[jailbird] 11/11/2017 08:16

StrowRecent raise was for working cap and BFS . If they need any cash , it should be small I am sure Finance required via Debt/equity/JV will already be in their minds with interested parties as BFS is known by Q1. Licence should also be granted.But let's forget takeover can happen anytime BFS .Exciting 6 months ahead .. we long term holders have been waiting for this moment and it is now in touching distance

[strow] 11/11/2017 04:53

Most unpleasant some people

[twigs3] 10/11/2017 23:01

On a positive note more press.
hxxp://www.mining-technology.com/projects/araguaia-nickel-project-para/

[ayesha4] 10/11/2017 22:56

Lets see how this week goes. Q1 this has to be in double figures.

[ayesha4] 10/11/2017 22:52

JailbirdYou misunderstood my post. Im criticising the gits who are talking about a placing. They know nothing.

[ayesha4] 10/11/2017 22:49

If i knew it was going to 20p, I wouldnt sell 3 per cent of the company unless I knew something else was in the wings. This is AIM.

[pinkfoot1] 10/11/2017 22:48

Shareholder takes profit on some of his enormous shareholding shock!

[ayesha4] 10/11/2017 22:14

Lets all talk it down for a 3p placing.Having said that, Griffiths is an insider. Not good if hes selling.

[jailbird] 10/11/2017 21:57

Since the resource is so valuable , you would hope a premium price is warranted.You see other stocks raising money at higher prices .. just seems JM is allowing the the Co and us shareholders to be shafted by more dilution than should be Let's see You can bang on about having major shareholders but they always slice into good news.I do not however see Teck or JP Morgan selling though

[salmonn1] 10/11/2017 20:27

JM has said he would find a spike in the share price unhelpful.

[strow] 10/11/2017 19:53

Twigs3-if there isnt I will be happy-if there is I will be happy (you having sold out)
:-)

[twigs3] 10/11/2017 19:41

JM has said many times fully funded till BFS with run time, not sure why you think we will need money before hand? Lombard and Richard are just taking some profit IMO

[twigs3] 10/11/2017 19:35

Strow as I have said before I very much doubt there will be any fund raising until after BFS and the share price would be much higher,if there was one at 3p I would sell out!

[strow] 10/11/2017 19:30

The last thing I Will say for now and I'm sorry to keep going on about it jb is that I strongly suspect an equity raise at a lower price-say 3p for instance.It is following the pattern of previous raises,particularly with Lombard with selling prior to participating in a raise at a lower price.The timing is right for it given the overall market state.IMV the board have probably weighed up the risk of waiting and falling foul of a large general market correction in which everything will fall and are doing it now at possibly 3x the price of the last one,which I personally would not be unhappy with.We are going to need it within 6 months anyway.......we shall see.

[strow] 10/11/2017 19:20

Griffiths taking some money off the table-it's not surprising-he had a huge holding for a private investor and if most of us were honest,we would have thought it surprising if he hadn't and most expected it before now.My only concern is how much these larger investors are going to decimate the boards efforts to get a reasonable price for the capex equity raise.They clearly have a lot of power in that respect,but might also shoot themselves in the foot with their "clever" tactics.It's at times like these that us guys of more humble means feel like very small prawns in somebody else's very big game.

[strow] 10/11/2017 18:54

I think some of the funds and larger investors may also be running a little shy of the general frothy overbought state of the general markets atm and expecting significant corrections-just my view