Horizonte Minerals Share Discussion Threads

[strow] 08/2/2018 17:04

Disagree-it reasurred me

[jailbird] 08/2/2018 16:16

Good point Haydock...that podcast did nothing positive for the Cos profile

[haydock] 08/2/2018 16:14

Also I don't recall any great emphasis in the Vox on the Cobalt.
Just worthless ? Ignored by all?

[maverick247] 08/2/2018 15:14

JB he does not value them at £100m he is just being sensible and measured about mcap appreciationThe company clearly if the pea numbers are confirmed and it sounds like the trial mining has physically confirmed the modelled price, will be £500m+ imo given $1.3bn gree cashflow over 28 year mine life thats revenues of $70-80m pa !This does not factor in lower grade ore or verhelmo and this seems why the bfs has extended out a bitAm i the only one who sees this? Im quite shocked

[maverick247] 08/2/2018 15:09

Im holding nearly 2 million from 3 level not here for 10% i can assure you!I actually think when the market wakes up to the scope here we will see a rerate triggered first by the BFS now close to completion Its a conviction investment for meAppreciate some are in higher up and wanted quicker returns but we really are in a pivotal year now for HZM and market hasn't recognised the significance of the verhelmo acquisition imo

[jailbird] 08/2/2018 15:05

My last comment on this , so apologises for going on about this. I think when you guys next talk to JM, you need ask him why he values Vermelho and Araguaia now post BFS at £100m When pre BFS and no Vermelho asset he also valued it the same You guys are being calm about this but it does not make sense to me .All I am saying do not buy for BFS because it only adds 2p maybe according to JM and 1.5p for Vermelho = £100mEither we have got it wrong or he has

[uapatel] 08/2/2018 12:33

Ok, topped up with another 50K shares. Now hold quitelato for me 650K shares, appreciate its small fry compared to a lot on here, anything under 4p is good to me.

I thought yesterday's podcast was on the whole good news. Ok have to admit it would have great if we had JM say a figure well in excess of 100M, but to be honest the release of BFS will crystallise things better. More than likely people will do the numbers and offers may come in, or a serious partner to ramp things up.

I'm sure the recent Director buy at 4.8p wasn't buying for a small return.

[maverick247] 08/2/2018 12:12

Its not jeremy's style to ramp - this stock is for investors not traders who see the value coming he is always conservative under promise over deliver We have here one of the largest high grade nickel resources to come online globally and about the only aim non DRC cobalt play And the BFS is in final stages and due to nickel price it looks like they want to see if they can factor in some of the lower grade ore's So what could that fo to the npv'sSub 4p is an easy buy imo

[jailbird] 08/2/2018 11:39

Strow :-) - yet again you are frustrated ..indeed..investor's life story..tomorrow never comes

Twig - :-)...market did not like £100m marker cap comment on vox ..maybe I am not the only one

[twigs3] 08/2/2018 11:12

It’s clear the market didn’t like the 100m marker cap comment on vox,this is AIM if is not in the billions it’s not going to go down well! however it’s also evident that JM valuations in the past are not accurate,so we could well be at 3p end of year or 15p! We have a gr8 bod and asset it’s just a matter of time for the market to wake up, I do feel they could spend a bit more of there budget on marketing would help.

[strow] 08/2/2018 11:05

JB-yet again you are frustrated as you are not at least in your head getting rich quick.This is mining and is a medium to long term investment.
There is no froth in HZM and as you know very well is being held back by owners of 1p shares etc from previous placings selling.
Nothing wrong with aspiring to a £100m mc at year end imv-doesnt mean it will be though as you say for all sorts of reasons.
This will go where you want it re the share price when the sellers have had their fill-goodness only knows when that will be.

[jailbird] 08/2/2018 09:55

From Raymund's post

"'mine construction ready by end of year' when market cap should reach £100m."

So tell me the BoD is forecasting 7.5p at the end of this year!

What do you think about that?

[jailbird] 07/2/2018 19:42

I know guys , I know a little more patience, what is a couple more months.I am surprised , we are at 4p again . But just cannot take advantage of this price . After the market sell off, ARS rises but is further away to BFS ( I think ) , yet we drop again There has been a seller around for some time .

[twigs3] 07/2/2018 19:01

JB i see your Point but the dilution has been for good reason over the years,the original HZM would never have been a stand alone mine or even before the glencore deal,JM has built a seriously large asset at very low price and the latest deal will just add to that in time, as mav has said we are now funded for 24 months. Look forward to the FS as we know JM likes to under promise and over deliver so should be better than the PFS.

[maverick247] 07/2/2018 18:48

The company is fully funded for 24 months JB

[jailbird] 07/2/2018 16:23

Please do not mention £100m mkt cap.JM forecast that figure for end of 2017 before dilution and Vermelho Now forecasting it for end of this year.Our £100m mkt cap was 15p I think and now 7p. Anymore dilution I will be in loss BFS delayed now for reasons we know now - Just get this BFS in quickly and sell the asset.Only way we will see double figures I don't for FFS buy anymore developments

[raymund] 07/2/2018 14:43

Thanks strow and maverick; picked up from JM that FS now 'early part of year' which I interpret as before end of May now, however I would expect that they would wish to schedule AGM for after news is out so will be interesting to see when this is fixed. JM also said that assets now over 200m tonne Ni and 100k tonne Co, and would be 'mine construction ready by end of year' when market cap should reach £100m. This sets a target for funding. All leading to an interesting year ahead!

[uapatel] 07/2/2018 13:28

Yes, also nice to have bit more info on the 'optimisation' aspect.

All very positive.

Aiming for a MCap of over 100M towards end of year, so well over 7p. Bit conservative I think, but sure as the Nickel price goes up that may well be exceeded.

[maverick247] 07/2/2018 13:18

Just listen to this it confirms why im happily investedJeremy covers both Araguaia and verhelmo BFS although a bit later than we expected is in final stagesLooks like due to nickel price they want to factor in lower grade ore they couldnt beforeIm verry pleased with this upfatehttps://audioboom.com/posts/6650984-horizonte-minerals-hzm-and-united-oil-gas-uog/embed/v4?image_option=full&link_color=%2355ACEE&source=twitter_card&utm_campaign=detailpage&utm_content=card&utm_medium=social&utm_source=twitter

[uapatel] 07/2/2018 13:16

Thanks Maverick

Posted link on the LSE board aswell.

[maverick247] 07/2/2018 13:15

https://audioboom.com/posts/6650984-horizonte-minerals-hzm-and-united-oil-gas-uog/embed/v4?image_option=full&link_color=%2355ACEE&source=twitter_card&utm_campaign=detailpage&utm_content=card&utm_medium=social&utm_source=twitter

[twigs3] 07/2/2018 07:38

Nickel stocks on the London Metal Exchange have fallen for eleven consecutive days with the total decline for the period at 13,700 tonnes. Stocks on the LME stood at 349,476 tonnes on Tuesday after a 1,176-tonne during the day.

“When the demand improves after Chinese New Year holidays (February 15-21), the fall in LME nickel inventories will speed up,” an analyst at Galaxy Futures said.

[twigs3] 06/2/2018 18:41

Thanks for the update strow

[cgequityinvest] 06/2/2018 18:14

Strow/Mav - thanks for the feedback.

With nickel prices up circa 10% since the turn of the year and the share price down 19% its easy to get frustrated. Like many of you i had expected interest in the company and the share price to be stimulated.

Its easy to read the most recent RNS as a slightly cautious message and I am pleased to hear that management are pleased with progress.

Given we are still some time away from seeing the company sell any nickel/cobalt we are very reliant on management to maximise shareholder returns and drive the best value. Choosing the best option in terms of finance/partners etc will be vital and the acid test for management. If management get it right the the potential for strong returns looks excellent.

[maverick247] 06/2/2018 17:43

Well said strow nice summary