Horizonte Minerals Share Discussion Threads

[craigieboy1] 14/11/2018 04:29

Do we think we are at the bottom for Nickel and HZM share price? Any theories out there? I know we are all shocked and deflated at post FS action but I am trying to keep myself focused on the fundamentals that made me invest and they are all intact. Just 1 more year I tell myself....

HZM - Volume seems to be returning to normal and interesting that there was no drop in price near the end of the day yesterday for the first time in a while. There had been selling into even the smallest of rises up to yesterday that pegged it back. Maybe sellers just took a day off.

NICKEL - LME stocks still steadily reducing within a reasonable band, surely a price response is inevitable? I tried to combine 5 year stock with 5 year spot price but couldn't drop it in.
Any clever people who can combine the charts and display.

[craigieboy1] 12/11/2018 10:40

Yes, let's hope so. I reckon more token than meaningful given the options held. Happy to be wrong!

Looking at the 9month accounts released today the cash burn was £2m, leaving £8m cash in the bank. So on that basis the two teir one mining assets are valued collectively at £25m by the market. Seems ridiculous really, let's hope some new investors agree.

I can't see the selling has been PI 's Twigs, perhaps on the day of the news yes but the volume has just been too high on what was not bad news but confirmation of a good economic businesss plan, but eventually we will find out if new holding notifications are forthcoming. If not then it's PI's as you say.
I wonder what the majors have similar assets on their books at as working mines?

[twigs3] 12/11/2018 09:07

Let’s hope if the directors are buying it’s a meaningful amount rather than a token amount.

[twigs3] 12/11/2018 08:46

I doubt it’s RG selling at this level, probably just PI looking at today’s nickel price and not looking at longer term and concerns over financing with a market cap of only 30m I doubt many PIs will have an average of 2.2 so selling at a loss as well, nickel needs to be above 14k again to attract PIs back in. GLA

[jailbird] 11/11/2018 22:41

Reason I askedOverlooked RG

[craigieboy1] 11/11/2018 22:07

I wouldn't mind betting that its a lot lower than 6.7% now, he is my favorite to be the current big seller.
Quite a few of the recent days have had more visible buys than sells but still the price ticking down further. This IMO points towards a large overhang at an agreed minimum or average price and this was what trashed the price the day after the FS was released.
Comments from the various posters on the PI call and information released point towards JP Morgan and Cannacord adding shares, Lombard have assured JM they are not selling- so it brings me to RG??

[jailbird] 08/11/2018 21:19

what about Mr Griffiths..is he still a holder?..apologies out of touch on holding

[uapatel] 08/11/2018 21:19

Volkswagen reportedly planning to sell electric Tesla rival for less than $23,000

[salmonn1] 08/11/2018 19:33

I don't think there is much JM can do about the institutions if they want to sell and he told me the board don't know who sells until TR1s are issued. I suspect half the people posting about LO selling were just putting out noise as they sold themselves as a distraction. The tariffs and uncertainty are frustratingly self inflicted, but we've got to deal with the situation as it is. I emailed JM recently and he said "We'll get there", it's been a tough market all the way along and they've kept things moving, we've got to hope as strow says that in the long run the figures add up.

[raymund] 08/11/2018 17:08

Some decent buys today yet it still tracks lower! Is LO still selling or do we just have panic from PIs? Hopefully, not long now before Q3 and freedom for Directors to do some buying.
I wonder, is there any info on JM's going round major shareholders?

[twigs3] 08/11/2018 16:46

I hope so Strow,we have been here a long time! We need endless articles saying 14k and above going forward as at 11600 it is now it’s not profitable to mine and probably extremely difficult to finance hence the share price,was going so well with nickel price and then trump tariffs come along, just hoping LME draw down continues and nickel quickly moves back above 14k

[strow] 08/11/2018 16:43

Looking at the 5 year Nickel chart,to me it appears to have almost completed a head and shoulders,so should begin to build a base around this level,hopefully from which to spring forth as time goes on

[strow] 08/11/2018 16:33

araguia is very profitable at 14k and even has an npv of $158m at 12k
Existing projects will run down too and new supply will have to come from places other than indonesia-its a waiting game
There are few existing producing projects with much better economics than Araguia in politically stable and safe areas.
Someone will be taking a long hard look at this as a long term investment.

[jailbird] 08/11/2018 16:29

I think I have read 90% positive articles on Nickel and also Copper .But if you look at projects being talked about , they all need $14k Nickel to be viable

[strow] 08/11/2018 11:49

We are going to get endless endless of these articles going fowards about supply and demand and subsequent nickel prices-all speculative
The reality is no-one knows,but is a nickel likely to average $14,000 per tonne over a 28 year mine life ?
I more than think so (thats my speculation)

[firemansam4] 07/11/2018 07:43

There not having much luck!

hxxps://www.9news.com.au/2018/11/07/07/54/bhp-billiton-trail-derail-port-hedland-western-australia-50-million-dollars-damages-costs

[jedi k] 06/11/2018 19:19

Thanks. 10 days. Well done BHP although it caused $10 million in damages.

[jailbird] 06/11/2018 18:06

LOL

hxxps://thewest.com.au/news/goldfields/kalgoorlie-nickel-smelter-back-in-action-ng-b88980984z

[jedi k] 06/11/2018 14:00

hxxps://thewest.com.au/news/wa/huge-fire-breaks-out-at-kalgoorlie-nickel-smelter-ng-b88969660z

News of Nickel Smelter fire.. This could help reduce Nickel Stock for a few months. The last month has been a bit flat compared to the the last year.

[nowenterprise] 06/11/2018 12:34

Daily nickel chart has the makings of a trend reversal I think (considering Glencore deficit assessment). Opinions?

[craigieboy1] 06/11/2018 09:47

Let's hope some big investors are looking for this little small cap! Can't be many around with 2 x tier one assets.....

[jailbird] 06/11/2018 08:35

Big dumping again today...

Hopefully will have met all large shareholders this week

[twigs3] 06/11/2018 07:11

Big investors looking for small nickel and copper stocks.