Horizonte Minerals Share Discussion Threads

[jailbird] 28/8/2018 08:14

Get a nw broker :-)

[craigieboy1] 28/8/2018 08:09

Can't buy anymore than 100k??

[nowenterprise] 24/8/2018 16:46

Closed at 3.56p - a new low this year. If had spare funds I'd be averaging down hard. I will add as soon as I can sell something else. My 4.8p average will probably come good in October I suppose.

GLA DYOR.

[charles clore] 24/8/2018 12:26

Nickel price improving today. Would be nice to see the share price up for a change!

[mount teide] 24/8/2018 10:40

A similer scam operated in the European car insurance industry before the various EU Nations shared electronic data.

A savvy German worked this out and decided to insure his new £30k Mercedes in 12 different EU Nations. Then shortly after put in a claim for the theft of his vehicle(he first put it an underground car park so the tracker device could not be used to find the vehicle).

Within 6 months he had received £360,000 in insurance payout for his 'stolen' car!

However, the story does not end there because his greed knew no bounds - rather than leave the car in the underground car park and walk away with over a third of a million tax free, he decided after a year to start swanning around in the car again. Big mistake!

Within a few weeks he was stopped by Swiss Police for a minor traffic violation and was found to be driving a stolen vehicle that 12 different insurers had paid him out for the theft of in full!

[mount teide] 24/8/2018 10:29

'Then, the hope was that China would begin to register its warehouses.
Are there unregistered storage warehouses in China?'

Restrictions by Chinese authorities on bank credit have encouraged the use of stored commodities - ranging from copper to rubber and iron ore - for financing.

There are many examples of over-reporting by multiples the stock levels of the same consignment of stored metal inventory in Chinese Ports and warehouses in order to facilitate fraudulent finance applications.

One US insurance group turned up at Qingdao Port to inspect a large cargo of stored aluminium that it was underwriting for a finance house, only to be told by the warehouse operator it was no longer there and must of been stolen! Yer right !

[craigieboy1] 24/8/2018 10:03

Hopefully it's like for like from last two years but I guess only the price will indicate when the market is truly tight.

[jailbird] 24/8/2018 09:01

Hmm no idea about this .. would not where to start

[jailbird] 24/8/2018 09:00

The other thing we read Nickel withdrawn from LME is being stockpiled ?.. Withdrawing for fearing of lack of inventory later or having to pay higher prices for it ?

[horneblower] 24/8/2018 08:48

Ah, but what does it mean?
LME collects stock data from over 500 registered warehouses across the world in 35 different geographical locations which, until 2 years ago did NOT include China.
LME was taken over by Hong Kong Exchanges & Clearing (HKEX) five years ago.
Then, the hope was that China would begin to register its warehouses.
Are there unregistered storage warehouses in China?

[craigieboy1] 24/8/2018 08:32

Yeah, it's as close to a straight line trend as you'll get since Dec 17 with no sign of it abaiting. Hopefully it accelerates!

[twigs3] 24/8/2018 07:20

17 straight trading days in August, all of which have seen reducing nickel inventory at the LME.

12,492 tonnes gone in 17 days, average 734.8 tonnes per day.
If that continues it's only 59 trading days to sub 200k

[craigieboy1] 24/8/2018 07:18

Ah, didn't spot that.
Thanks.

[twigs3] 23/8/2018 19:31

Horizonte is mentioned in the Implied in-situ value of total nickel resources chart on page 35

[nowenterprise] 23/8/2018 11:13

I second that craigieboy, can't get clarity on what share price range would reflect fair value. Thanks.

[craigieboy1] 23/8/2018 10:25

Thanks Twigs, anyone done the maths on HZM measured, indicated and inferred value against the average in ground price in this report for the laterite and sulphide deposits? It would surely show a massive discount??

[twigs3] 23/8/2018 08:45

Mining overview: Unlocking the price to NPV discount

[jailbird] 22/8/2018 10:51

very surprising this is still sub 4p...I guess with the BFS now in October, there is no hurry to buy these.

Just need to watch out for volume increase....

Also more director buys would not go a miss to show confidence ( not need to acquire more as have plenty) to the market since we all expect these to be higher in the future..so win win for directors too

I hope we see double figures in some point....

we know debt/equity finance is due too so not sure what broker targets are based on?

[shakester2] 22/8/2018 09:43

By my rough calculation LME warehouse levels will be zero in under 12mths at current depletion rates

[jailbird] 22/8/2018 07:27

Friday update on Nickel chart and news related to Nickel

hxxps://www.fastmarkets.com/article/3826489/nickel-today-price-recovery-stops-short-at-200-dma

[jailbird] 21/8/2018 18:49

HmmmSo what is that saying Nickel class 1 supply deficit , upward pressure on prices Cobalt not really an issue going forward with supply , downward pressure on prices

[uapatel] 21/8/2018 18:38

Global electric car sales in the second quarter have risen 77% from 2017 #tictocnews⁠ ⁠

[maverick247] 21/8/2018 13:12

Book looking much better

[hobs] 20/8/2018 21:28

At $64000 per tonne cobalt & $13000 per tonne nickel that’s worth over $4.5 billion (gross)