Horizonte Minerals Share Discussion Threads

[craigieboy1] 14/11/2018 11:12

I think a worst case scenario is they sell each asset with full FS and licensing completed. No sweat, easily worth multiples of the value now IF NIckel price responds to stock reductions and demand increases.
Apart from current SP, well positioned.

[jailbird] 14/11/2018 11:07

it is only doomed if it is not bought out or does not go into production.

Just cannot see that not happening at some point

[twigs3] 14/11/2018 11:07

Yep certainly not doomed!but GL Charles

[craigieboy1] 14/11/2018 11:02

If your out then see you later Charles, but why would it be doomed? Because there is a large seller?
Companies are successful due to markets and fundamentals, share price movements are moments in time.

[craigieboy1] 14/11/2018 10:57

Exactly - just can't fathom the current action?? Maybe sell it down to buy it cheap?
More questions than answers as is usual. Imagine a company crashing on a large high quality asset base with good news about a mining plan. Doesn't make sense. Bit like the Nickel price.

What would be really good would be Trump and China sorting a trade deal, metal prices will rally then for sure.

[charles clore] 14/11/2018 10:57

This is doomed. Im getting out

[twigs3] 14/11/2018 10:49

Thanks, never thought we would be buying at this price again. Teck hold over 14% and Glencore will hold over 7% does make you wonder what there plans are as they will not want to see this project not work out for them.

[craigieboy1] 14/11/2018 10:41

2.13,then another 200k at same.

[craigieboy1] 14/11/2018 10:40

Feeling more like an attack than a sell excercise. It's destroying value, surely tacticts at play??

[twigs3] 14/11/2018 10:38

What price do you get them for?

[twigs3] 14/11/2018 10:37

Lol, you must have so many now!
HZM need to pay Glencore one mil is USD or in shares so at this price about another 2.5 % for then?

[craigieboy1] 14/11/2018 10:33

averaged down a bit with 500k

[soundbuy] 14/11/2018 09:57

Its less than £60k worth traded........zzzzzz

[twigs3] 14/11/2018 09:53

Well let’s hope the directors have deep pockets to support share price, it needs it!!

[twigs3] 14/11/2018 09:50

Must have paid Glencore by now?

USD 1,000,000 after the date of issuance of a joint feasibility study for the Enlarged Project area, to be satisfied in HZM Shares (at the 5 day volume weighted average price taken on the tenth business day after the date of such issuance) or cash, at the election of Horizonte; and

[jailbird] 14/11/2018 09:48

capitulation!!

[soundbuy] 14/11/2018 09:48

And 'liaise' with the dumper(s)?

[soundbuy] 14/11/2018 09:47

Getting mullered by liquidity......zzzzzzz

Haven't the BoD promised to trouser a few?

[twigs3] 14/11/2018 09:31

Down another 6% today, could well drop below 2p

[twigs3] 14/11/2018 09:30

Yep nickel price performance over the last few months just don’t make sense to me, nickel stocks declining and everyone is forecasting a lot more demand in the coming years, obviously a lot more complex for me to understand however surly the only way for nickel is up from here.

[craigieboy1] 14/11/2018 09:13

Just roughy counting back the trading volume sine the day after the FS, I estimate around 130m shares have been traded. So on a positive note at least we are getting through the seller or sellers holdings. Estimating half are sales then around 65m have been disposed of.
I imagine HZM thought they were in bed with serious long term holders, but looks like a cuckoo or two got in the nest. Dumping rather than trading out or seeking a placing is very poor form given the timing. All IMHO of course.
Twigs I think you said a few days ago, it's down to Nickel pricing from here.
A bounce looks on the cards as we have stocks declining and prices declining, that is not a normal market situation. Besides that demand is increasing and supply is reducing/topping out with further output declines forecast. I rest easy for now.

[craigieboy1] 14/11/2018 08:13

Yeah, just had a look, they must have had a day off right enough. Lol.
If it's RG his average buy price must be somewhere between the 1p placing and the 3.5p placing, maybe around 2.25. Selling seems to abate when it's around 2.2p funnily enough.

[jailbird] 14/11/2018 08:06

seller back

[craigieboy1] 14/11/2018 08:05

Thanks Twigs, interesting article. Makes me feel better again!

[twigs3] 14/11/2018 07:19

Worth’s listening too Craig