Horizonte Minerals Share Discussion Threads

[maverick247] 31/5/2018 11:57

Yep stunning numbers i worked out vermelho would bring in around £400m revenue a year too

[craigieboy1] 31/5/2018 11:16

Like you guys, I am also waiting impatiently as it's been a long track to this point.
The Nickel price must be bringing smiles to the HZM board as they plug in the new Nickel pricing numbers into the study again and again. I just did a basic calculation.

3.2M tonnes in the ground @ $15000/t comes to $48,000,000,000, that is an amazing number, plus the minor issue of Cobalt. Now I am smiling:)

[maverick247] 31/5/2018 10:37

Should be 8-12 weeks possibly sooner - not long !

[jailbird] 31/5/2018 10:25

Wish FS was today

[craigieboy1] 31/5/2018 10:20

Nickel price trend looks very strong, good to see those stock levels dropping fairly consistently showing the underlying short supply. Well positioned for a bumper FS hopefully.

[ayesha4] 31/5/2018 10:10

Buy loads sell loads

[jailbird] 31/5/2018 09:21

3 v 3

sell 950k @4.3p

[maverick247] 31/5/2018 09:11

Book looks fab

[jailbird] 31/5/2018 08:10

not saw what your brokers are quoting

950k to sell v 60k to buy

1 v 3

you would thought it would be 3 v 1 with those quoted market sizes

[maverick247] 31/5/2018 08:06

Who knows! Meanwhile nickel powering on!

[craigieboy1] 31/5/2018 00:03

Good post Mav, and a great reminder of the core assets we have/are investing into, may try to take a few more myself in this dip.
I am with Twigs though, I think the price is being tactically targeted to keep book value low. I also do love a conspiracy theory!

[maverick247] 30/5/2018 16:26

Ok I've added again !

[charles clore] 30/5/2018 16:23

I'm very pleased with the seller so far they have helped me accumulate another 250k. Just bring it down a tad more and I might make another 500k by end of May. This has to be one of the best kept secrets on AIM.

[maverick247] 30/5/2018 15:08

yep just broken $15k tonne

Shard have a 21p price target at that level - this is crazy.

[shakester2] 30/5/2018 15:06

New recent high for nickel?

[maverick247] 30/5/2018 14:54

Ive listed out points from the recent investor call - I remain somewhat perplexed by the valuation gap to the broker target which is 5x higher and doesn't factor in Vermelho either




Horizonte Minerals Investor Call May 18 - Summary

Pure Play Nickel company
Largest Nickel resource globally in a public company not in development.
£60m Market Cap
Fully Funded through to 2020
Strong II shareholder register Teck, Glencore, JPM
Combined Nickel resource of over 2.5 Million tonnes contained Nickel
Combined Cobalt resource of over 100,000 tonnes contained Cobalt
Broker Target price 21p at $15k/t Nickel

Two Tier1 assets

• Araguaia – High Grade Nickel Brazil (100% owned)

 1.5m tonnes contained nickel
 Offtake to stainless steel market
 2016 PEA delivered robust economics @ $12k/t Ni project returns $1.3bn in FCF
 Almost identical asset ‘Onca Puma’ in Brazil using same RKEF processing route for stainless sector sold for over $800m in 2005 post FS delivery.

Milestones

 Feasibility Study - due for completion late Q2 early Q3
 Financing discussions under-way - interest from Private Equity, Producers and other off-take
 Key permits in place - construction permit remaining due H2 2018
 Construction ready end of 2018

• Vermelho Nickel/Cobalt Brazil (100% owned)

 1.68m tonnes contained nickel / 94k tonnes contained cobalt
 Offtake to Battery metals and/or stainless market
 NI-43-101 2018 resource places Vermelho as one of the largest high-grade un-developed nickel/cobalt resources globally.
 Horizonte plan to run a smaller high-grade operation than VALE would have done utilising synergies with Araguaia located near-by at circa 20k/t pa Nickel ($300m rev pa) and 1k/t pa cobalt ($90m rev pa) at today’s prices

Milestones

 Testing started to prove process of converting nickel/cobalt hydroxides to sulphates for EV markets. Mixed hydroxide project can also supply stainless due Mid-Year 2018
 PEA for smaller high-grade operation to be completed H2 2018

[jailbird] 30/5/2018 10:07

I agree ...take out will be it's 'true' value..this can be dictated by keeping the share price artifically low by shorting it.

Not sure that applies to when requiring funding though..my bug bear

[steeplejack] 30/5/2018 09:38

I don't give credence to theories of concerted shorting,sly attempts to take HZM over by devious means.Someone mentioned Mariana.Good analogy.Mariana was stuck around 2p mark as its gold resource in Turkey developed.Ultimately got taken over by a US outfit at a multiple of that price but the price was ever reluctant to predict what seemed highly likely.I still think that the only explanation for the selling is Griffiths and he must be nearly out. Significant shareholdersTotal shares issued and outstanding in Horizonte Minerals Plc is 1,432,521,800. The Directors are aware of the following substantial interests or holdings in 3% or more of the Company's ordinary called up share capital as at 22 March 2018.Shareholder Number of shares % of issued capitalTeck Resources 210,207,179 14.7%Canaccord Genuity Group 150,600,000 10.5%JP Morgan 117,739,613 8.2%City Financial 108,190,476 7.6%Lombard Odier Asset Management (Europe) Limited 106,916,242 7.5%Richard Griffiths 96,550,000 6.7%Glencore 74,507,195 5.2%In terms of AIM Rules published May 2010 and insofar as it is aware, at 11 January 2018, 25% of the Company's AIM securities were not in public hands.

[jailbird] 30/5/2018 08:45

Bang on 50MA now

[jailbird] 30/5/2018 08:40

Just does not sound plausible for Teck..another 'unreliable' holder maybe

[twigs3] 30/5/2018 08:13

No expert JB but if Teck hold 20% and spent a couple of mill on shorting then pick up the other 80% on the cheap?

[jailbird] 30/5/2018 08:01

The thing is what is the purpose of shorting if one is a current holder

[craigieboy1] 29/5/2018 22:30

Hi Twigs, thanks for the link, yes interesting if the price is being held down tactically. I remember reading about VW I think it was shares being shorted some years ago and the short sellers got a proper hammering in the end when the price spiked and no one would sell, the price then rocketed when they were forced to close their positions.
We will probably never know the full story unless an RNS pops out at some point, I have also felt JM was a bit sketchy on if they knew who was holding back the company value by selling?? Maybe just me being a bit paranoid and he will likely be bound by confidentiality, in the end can't HZM just check the share register over days/weeks/months?
Roll on FS, I hope it's early mid year, not late mid year. I imagine a range end of June to end of Aug although mid year is end June.

[twigs3] 29/5/2018 13:23

Craig,I don’t know the rules but it’s interesting that Teck have the largest holding and also have a high level director still on the board at HZM Alex Christopher.