Horizonte Minerals Share Discussion Threads

[jailbird] 10/4/2018 17:31

Yep MavI thought the same as many large trades were being matched upto 4p

[jailbird] 10/4/2018 17:28

4-traders says it all

[maverick247] 10/4/2018 17:08

hobs I use IG its not easily available and bit complicated to set up I was discussing seller on twitter with someone and they said RG had been selling a number of stocks as heard he needed funds for some other venture and they said they'd spoken to a broker that said someone else was selling after but anyway it seems to have to come to a conclusion if you look at those large big matched trades a week or so ago and I dont know who it was but looking at trades now and amount of shares at different ask levels it looks like more normal market trading.

[steeplejack] 10/4/2018 16:40

Seems odd that he's selling now given he's got a right old ragbag of hopefuls.http://www.4-traders.com/business-leaders/Richard-Griffiths-05J8QH-E/biography/

[hobs] 10/4/2018 16:19

Should we expect a TR-1 from the other seller? I have a reasonable holding here but tempted to add more. I can’t envisage any -ve news arriving soon, only positive news for the next couple of years and I realise that aim stocks tend to be rns driven! I would really like a slow, steady rise - was in vrs but sold too soon at 50p & would probably still be there is rise has been slower.

[mustbefunny] 10/4/2018 16:18

In November 17 he reduced from 14.46 to 10.92. He clearly wasn't finished selling then, as reduced to 6.74 by March. No reason why he can't still be selling.

[daftbat] 10/4/2018 16:09

Maverick, which site do you use for your level 2 info? thanks

[raymund] 10/4/2018 16:03

We have had a recent holdings RNS from RG which wouldn't have been issued if he intended to continue to sell. Probably managed to get to 'free carry' and will want more from his remaining holding.

[hobs] 10/4/2018 15:44

Maverick - I really appreciate your level 2 info. How do you know/ascertain that RG has finished selling & that another seller was involved? Not questioning your observations, just curious!

[maverick247] 10/4/2018 15:36

We must certainly be due news on some items for the Araguaia FS and also they were working on the JORC for Vermelho too so would expect that soon too. Also last RNS mentions test work last bullet

Commencing a 43-101 Mineral Resource Estimate looking at the
higher-grade nickel-cobalt portions of the deposit

Review the historic metallurgical test work and new work to test the
high grade saprolite parts of the deposit to confirm its suitability for use
in the RKEF flow sheet developed for Araguaia

Confirm that the mixed hydroxide product developed by Vale can be
upgraded to produce nickel and cobalt sulphate for potential use in EV battery
products.

[maverick247] 10/4/2018 15:31

There is 350k shares left at 4/4.01 then it ticks up to 4.12 so not the same selling pressure we have previously seen - then a few to shift at 4.12 - any liquidity and we get a bounce, lets see, news would be very timely if it comes

[maverick247] 10/4/2018 15:20

RG finished a while ago at 6% alongside reducing other positions There was an additional seller now clearedWhat we see today is nervy sellers PI's going by size of tradesI actually like commods especially copper nickel and cobalt so very happy here with progress to dateThe share price will do its thing but on delivery of those numbers we should be £100-150 cap level imo

[jailbird] 10/4/2018 15:13

Who is the Mr Griffiths anyway This is the same one when ppl he say he did his due diligence when he bought in

[mustbefunny] 10/4/2018 14:38

It's not a mystery, it's Mr Griffiths. No holdings rns yet so still selling

[steeplejack] 10/4/2018 14:30

Something of a mystery where the stock comes from on the sell side given the solid institutional shareholders list.

[jailbird] 10/4/2018 14:27

Heard the sayings Broken record or parrot ;-)

[jedi k] 10/4/2018 14:25

The last time stock levels were in the 300K to 320K range, prices for Nickel were $18K to $19K.

There will be a massive price correction soon.

Here are the details:
date LME Nickel Cash-Settlement LME Nickel stock
09. April 2018 $13,240 315870
06. April 2018 $12,890 317328
05. April 2018 $13,285 318432
04. April 2018 $13,060 318720
12. August 2014 $18,850 319590
11. August 2014 $18,495 318750
08. August 2014 $18,620 318798
07. August 2014 $18,860 318114
06. August 2014 $18,275 317874
05. August 2014 $18,490 317772
04. August 2014 $18,375 317544
01. August 2014 $18,280 317628
31. July 2014 $18,765 315798
30. July 2014 $18,680 314400
29. July 2014 $18,525 312720
28. July 2014 $18,800 311802
25. July 2014 $19,160 312156
24. July 2014 $19,080 311964
23. July 2014 $18,960 310716
22. July 2014 $18,925 311214
21. July 2014 $18,725 311064
18. July 2014 $18,505 311088
17. July 2014 $19,080 310782
16. July 2014 $19,200 308418
15. July 2014 $19,260 308322
14. July 2014 $19,210 307710
11. July 2014 $19,065 307350
10. July 2014 $18,975 307410
09. July 2014 $19,515 306828
08. July 2014 $19,440 305280
07. July 2014 $19,180 305394
04. July 2014 $19,385 304536
03. July 2014 $19,795 304938
02. July 2014 $19,080 305394
01. July 2014 $18,850 305256
30. June 2014 $18,715 304890
27. June 2014 $18,765 305790
26. June 2014 $18,625 305556
25. June 2014 $18,280 305862
24. June 2014 $18,150 305388
23. June 2014 $18,420 304602
20. June 2014 $18,350 305310
19. June 2014 $18,460 305352
18. June 2014 $18,660 305970

[maverick247] 10/4/2018 12:54

#nickel at $13,800 closing back in on $14k/t where the HZM Aragauia project returns $1.9bn in free cash flow, how is this company a multi asset nickel/cobalt developer a mere £45m Market Cap minus the £9m cash ?

[twigs3] 10/4/2018 09:02

Good to see nickel stocks still falling fast and now down to sep 2014 level, this will also help nickel prices.
hxxps://investingnews.com/daily/resource-investing/base-metals-investing/nickel-investing/philippines-duterte-warns-open-pit-mining-ban-continue-2019/

[maverick247] 10/4/2018 08:35

Hi all some notes from a twitter poster seems to sum up the investment case perfectly

Horizonte Minerals

07-March-2018 – Investment Potential

•Company FULLY FUNDED for 24 Months to complete the Araguaia & Vermelho 2018/19 work programmes via recent II fundraise of £9.2m

•Araguaia Feasibility Study at an advanced stage scheduled for completion end of H1 2018 (scope increased to factor in Vermelho saprolite and higher Ni Prices). Key environmental permits and trial mining now complete - major de-risking factors.

•Araguaia one of the largest un-developed Nickel deposits globally with Measured & Indicated resources of 1.5M Tonnes of contained Nickel. Tier 1 Asset with 28 Year mine life.

•Araguaia to become the next high-grade Tier 1 nickel mine globally, construction ready by end 2018, producing 2021

•Araguaia economics based on PEA yield $1.3bn in free cash-flow @ $12k/t Ni price, $1.9bn @ $14k/t price.

•Vermelho Nickel/Cobalt project acquisition completed December 2017. One of the largest Nickel/Cobalt deposits globally. Vermelho has been through full FS with VALE and had construction approval.

•Vermelho̵7;s locality to Araguaia offers the chance to ‘re-run’ economics due to project synergies. Vermelho and Araguaia combined set to make Horizonte a major player in the global nickel/cobalt space with 100% ownership of both projects.

•Vermelho 43-101 JORC resource update planned in 2018 followed by PEA after determination/validation of process routes for both the saprolite (stainless steel market) and limonite (ev market/battery metals) ores.


Why invest?

•Company fully funded for 24 Months

•Large Institutional backing

•Two Tier 1 Nickel/Cobalt Assets. Araguaia significantly de-risked FS > 80% complete

•Araguaia Ferro Nickel project similar scale/size/location to Cannico Onca Puma project bought for $800m in 2005.

•Vermelho Nickel/Cobalt project - peer comparisons to CleanTeq Sunrise (MCAP: $540M), Australia Mines SCONI: $220M), Horizonte MCAP: $80m

•Both assets each have the potential to return significant multiples in share price from today’s price.

•Nickel Market fundamentals

[maverick247] 10/4/2018 08:11

Nice to see Nickel extending its gains this morning over $13,500 now

[uapatel] 10/4/2018 08:06

Raymund,

Thanks, I will bring a copy along if I don't get anything from the brokers. Live in NW London so will be making every effort to attend.

[raymund] 09/4/2018 23:03

uapatel, no need to worry about your broker's nomination; I never have and have always attended with no more than a copy of my ISA holding statement. Just remember that you cannot vote!

[maverick247] 09/4/2018 21:39

Me too i guess as the news starts coming people will wake up and see mcap - cash vs assets looks massively out of kilter and company fully funded for two years so NO further placing risk either