Horizonte Minerals Share Discussion Threads

[coldspring] 26/11/2018 10:50

https://www.mining-journal.com/base-metals/news/1351594/bank-sees-start-of-25-year-nickel-bull-cycle

[craigieboy1] 26/11/2018 10:50

Time will tell in due course Twigs. I have been watching ARS as well but don't hold, but crucial difference is they delayed FS to get more drilling to make it stack up so some difference. But I do take your point.

[the deacon] 26/11/2018 10:45

Short-termism on metals outlook. It's a case of catching a falling knife at the moment though - if you're looking for an entry. Medium/long term fundamentals look sound, but how low will this and others go in the short term...

[twigs3] 26/11/2018 10:39

Craig you only have to look at other companies like ARS over the last month 9.9 down to 4.3 just lots of PIs getting spooked, if your right we should find out soon with a TR1

[the deacon] 26/11/2018 10:25

They'll buy more in the finance package/funding. Won't buy open market when they can do it all in one fell swoop, along with whoever else gets involved. They won't like this current market either, so I doubt they'll be in any rush to buy.

[craigieboy1] 26/11/2018 10:24

Twigs, I have to disagree it can't be just PI selling. It's too consistent and sustained selling since day 2 of PFS. It's either a very large holder selling out urgently or someone determined to drive down the share price. Too much sustained volume for PI in my view.

[twigs3] 26/11/2018 10:20

Really could do with some support from existing IIs, will they step in? Let’s hope so Canaccord did pick some up at the beginning of November.

[wooster4] 26/11/2018 10:20

coldspring - the marker for aim miners has been brutal for months, but particularly the last few weeks.

[coldspring] 26/11/2018 10:15

Only because people cant see past the end of their nose.This panic selling has occurred across a number of junior resource stocks and frankly its pathetic. Its only affected me on this share thankfully but why sell. Does no one look at the nickel futures and hold for longer than 2 or 3 months?

[twigs3] 26/11/2018 10:15

No new money coming in even at this price,
Market cap now 25m and about 7m in the bank, crazy

[twigs3] 26/11/2018 10:10

Just PIs selling now IMO some of the news around nicke is negative and nicke price on the floor making PIs nervous, most nickel producers are now making a lose at current price so not sustainable, amazing how quick sentiment changes on a commodity.

[calum] 26/11/2018 10:10

is that you ayesha4 throwing in the towel?

[craigieboy1] 26/11/2018 10:05

Feels more like an share price attack than a big holder selling down?

[craigieboy1] 26/11/2018 10:04

This weeks selling has begun....

[twigs3] 26/11/2018 10:03

We will be testing new lows soon :-(

[the deacon] 26/11/2018 09:41

I think it's a distinct possibility. It would be foolish to go looking for such significant funding whilst the short term outlook remains bleak. As attractive as the project is at the projected nickel prices, lenders won't look past the current malaise. Some might, but they'll have you over the barrel. I expect the focus to be on Vermelho drilling for quite some time, and Araguaia funding will be put on the backburner, imo.

[the deacon] 26/11/2018 09:40

I think it's a distinct possibility. It would be foolish to go looking for such significant funding whilst the short term outlook remains bleak. As attractive as the project is at the projected nickel prices, lenders won't look past the current malaise. Some might, but they'll have you over the barrel. I expect the focus to be on Vermelho drilling for quite some time, and Araguaia funding will be put on the backburner, imo.

[ialwayswinatmonopoly] 26/11/2018 09:34

This could be moth balled until the commodity price improves. They will struggle to raise investment capital on the figures in the FS. This is an absolute guess but they could even suspend the shares in the meantime.

[craigieboy1] 26/11/2018 01:15

Yeah I see what you mean. I guess HZM credibility has also taken a serious dent with the current SP? Not sure how that will impact financing if at all? I guess what they need to find is support for the share price somehow, but first they need this seller cleared as any equity funding at these points would be detrimental.

[twigs3] 25/11/2018 11:20

Talk of this on the board a few year ago, to risky imo to try anything like that, what would happen if HZM then dropped to 1.5p and then had difficulty raising money going forward? mid year we are going to need cash as well and that would only bring it forward.

[craigieboy1] 25/11/2018 02:17

Perhaps BOD should be taking out the large persistent seller, last funds raised were at 3.5p, I am sure there would be plenty of shareholder support to spend say up to £1m buying stock back at 2p.
It would be money well spent in my view and would likely help restore some respectability to the share price as well.

[jedi k] 24/11/2018 18:02

I think we all have no real issues with HZM, just frustrated that real value and wealth of the stock is not being recognized. The fundamentals remain excellent. Even Glencore are sitting on the12 month low.Next year, one some days there will be more selling than buying, no news from the company and share price will racing up on pure market sentiment.

[jailbird] 24/11/2018 12:33

Twig,


Negative on the share price - how much lower can we go..would not rule out retest of bottom..but hope not.
Regardless of the Nickel prices, I am glad the BFS is out...it is the big one needed to get things going.
I hope they just get on with it now....delays will eat up cash and create more dilution which will affect PIs more so

[twigs3] 24/11/2018 12:03

Wow Craig I don’t doubt your the largest PI holder that’s for sure! Yes everything is going battery powered in the uk as well all makes a dent in nickel stock I guess, regards to PFS on projects I personally would prefer to wait until nickel price is in a better position other wise I feel it would just get wasted and have more negative affect on share price.

[craigieboy1] 24/11/2018 10:23

Just as an aside, what I am seeing here in Australia is all garden tools shifting over to battery operation from cable and petrol. Lawn mowers, strimmers, leaf blowers etc.
Smaller items but they are multiplying factors.