Horizonte Minerals Share Discussion Threads

[salmonn1] 18/9/2018 18:21

Raymund, I hope you're right about IC and Shares taking an interest, I found it encouraging the HZM was mentioned as a pure nickel play in that Canadian article and also in the Evening Standard recently. I can see at some point the "Nickel story" breaking out like Cobalt and Lithium have in the recent past and where are investors going to get leverage? On AIM and TSX there is little except HZM.

[maverick247] 18/9/2018 18:21

How are management incompetent having secured a tier 1 nickel asset and steadily derisked it to date through all but final construction permit, validation of process via trial mining and bringing an in depth feasibility study to conclusionThe mind simply boggles at that statement

[uapatel] 18/9/2018 16:16

Well that leaves just under 60% of the shares held by 7 parties, according to the significant shareholder list on the company website. Still a fair chunk of the shares.

[bcockrell] 18/9/2018 15:57

Yes I missed that one. Correct

[hobs] 18/9/2018 15:56

Sorry, not Glencore - Lombard seem to be down by about 10M shares. Is that correct?

[bcockrell] 18/9/2018 15:48

I think Glencore is unchanged (5.2%)Hargreave hale have moved from 10.5% to no longer significant Richard Griffith's unchangedMaybe it's just PIs or maybe major shareholder hasn't notified/informed?

[hobs] 18/9/2018 15:47

If it is them they may just be trying to subdue share price for takeover post BFS??

[charles clore] 18/9/2018 15:44

Surely they can't have many left.

[hobs] 18/9/2018 15:41

Significant shareholders updated - I think Glencore is seller - what did they have before???

[nowenterprise] 18/9/2018 12:39

Don’t underestimate lithium-ion battery demand for nickel:

[bcockrell] 18/9/2018 12:35

Don't know how to repost the image here but someone on one of the private HZM twitter groups posted a chart of HZM Vs nickel price for the last few months and the two Correlated very closely. It's been a frustrating few months but given falling LME levels and the inevitable resolution of the trade war (one way or the other) both the nickel price and underlying value of HZM will win out in the end

[nowenterprise] 18/9/2018 12:32

Well at least he keeps the encouraging tweets going, lol!

[nowenterprise] 18/9/2018 12:06

Always funny how share price performance spooks PIs like this. The underlying value is there, but the timing has been the problem. Give it time, and let's see what happens on or soon after DFS. This is a mining company on AIM, what were people expecting. I think JM is actually doing OK by AIM standards ;)

[ayesha4] 18/9/2018 11:20

Honestly wished I had never touched this.Management are incompetent and at 4.5p average I feel scammed that we may not see that in a while.

[nowenterprise] 18/9/2018 10:56

Well JM did last suggest early October for DFS though, so that part is right.

[walter walcarpets] 18/9/2018 09:41

Think you've posted on the wrong board there HB.

[uapatel] 18/9/2018 07:50

Hi Salmonn,

Yes I remember you making that point at the AGM, hopefully we can get the share price moving upwards if only steadily into 2019, especially as I recall the share price was above 4p at the time of the AGM.

Good luck all holders

[salmonn1] 17/9/2018 23:13

I made the point at this year's AGM (uapatel and Raymund were there)that the FS might be already priced in the current share price. As I've said before the company only has a value if the market has confidence HZM will become a producing mine and there are still some crucial unknowns such as the Ni price into the future and dilution among other things. I'm looking at a three year horizon not three weeks and despite the stretched deadlines I still think HZM will become a working mine and at that stage will have a value the market can measure and it's going to be north of where we are today, hopefully multiples north.

[twigs3] 17/9/2018 20:05

Agree steeplejack, BFS isn’t going to make much difference to share price unless it’s out of this world but I don’t expect that,
People out now looking how it’s going to be funded.

[uapatel] 17/9/2018 17:50

Fair enough steeplejack, but with the BFS published we become a more credible target for takeover (IMHO). Certainly if the info is positive it means we may see some institutional investors looking closely at us.

I think the fact we have 2 tier 1 assets (not too far from each other) with Vermelho still to be evaluated, it may make us a tempting target. So reckon the funding and possibly some offtake agreements might happen fairly quickly if the board want to get better value or actually build/develop the mine plans.

Happy to hear alternative views.

Good luck all holders

[steeplejack] 17/9/2018 16:46

The feasibility study (when announced) could prove to be little more than a rubber stamping exercise rather than a cause for great excitement.What the market wants is news on funding,offtake agreements and the like,then the market will take note and not until.