Horizonte Minerals Share Discussion Threads

[andrea152] 10/1/2019 09:55

I suppose LO don't need to reveal that they are fully out until that has actually happened, as they wudn't need to declare a 5% holding sale , until it had all gone, as a Financial Holding Company ?

Also, I wonder wot Mr Griffiths is up to - we haven't heard from him for a while ?

Looking forward to seeing a JV and a potential offtake agreement here at some point in 2019. Those wud both be VERY gud news for the share price

IMHO. DYOR. GLA.

[steeplejack] 10/1/2019 09:42

There's a seller overhanging the stock again.Appeared before the close yesterday.

[twigs3] 10/1/2019 09:17

Good article on nickel and HZM

[craigieboy1] 09/1/2019 23:50

Yeah, a shortage of sellers for the moment. Interesting bursts of activity fairly early and then again late in the day for a few days now. Could be an II building a stake? Time will tell.
LME stock decline rate looks to have increased.
All good stuff!

[twigs3] 09/1/2019 15:47

Up 6.9 % doesn’t appear to take much buying pressure to move this up now, won’t be long and back to mid 3s

[twigs3] 09/1/2019 11:34

Not sure if this has been posted before but worth a read HZM gets mentioned a few times.

[twigs3] 09/1/2019 11:03

Another recap video on second line furnace for anyone new.

[twigs3] 09/1/2019 10:29

Few directors buys would go down well now

[andrea152] 09/1/2019 10:02

This is one of the few "serious" Junior Miners on AIM, IMHO.

Big seller seems to have gone (or let up), BOD buying stock in the mkt near the bottom of the share price They know that 3rd Party Investors are looking over HZM Asset, behind the scenes and that Global Nickel Inventories are not reflected in the current Nickel Price or HZM share price Demand for Nickel & Cobalt set to boom , for EV batteries beyond 2021, when the mine will be starting to come into production.

Overall, plenty to play for , in a properly run & Managed company, with a seriously large and accessible asset.

IMHO. DYOR. GLA.

[jailbird] 09/1/2019 09:46

indeed, the trade talks currently sound positive...jigsaw puzzle pieces fitting together at the right time for Q1 2019

but like to see it in black and white

[twigs3] 09/1/2019 09:44

Sounds promising JB, just need trade talks to work out then. Drop below 200k could wake the nickel market up.

[jailbird] 09/1/2019 09:40

Another significant increase in the amount of canceled warrants in the LME, up by over 9,000 tonnes in 8 days. We should start to see stocks decrease by several thousand tonnes over the next week or so.

[jailbird] 09/1/2019 09:38

hxxps://www.fastmarkets.com/article/3852577/nickel-today-rebound-pauses

Analysis
The LME three-month nickel price has risen to a one-month high of $11,190 per tonne on Monday January 7, building on Friday's solid gain of 2.3%.
Still, the small Doji candlestick so far points to an element of indecision. This is reflected in the momentum indicators - the stochastic fast line has stalled, as has the RSI, which at 55 remains neutral overall.
Support is seen from the 40 DMA at $11,019 per tonne ahead of the 20 DMA at $11,882, which coincides with the DTL from the June 6 high. A positive cross above the 40 DMA by the 20 DMA would be bullish for short-term sentiment.
Resistance above is seen from the 55 DMA at $11,287 and the December 3 high at $11,440. The 100 DMA stands above at $11,970 per tonne.
Macro drivers
Risk sentiment continues to build on Friday's rebound, driven by stronger-than-expected employment data from the United States, optimism over US-China trade negotiations and further monetary stimulus after the People's Bank of China announced it will cut banks' reserve requirement ratio by 100 basis point from mid-January.

LME nickel stocks are trending lower - at 204,852 tonnes, they are down from 218,868 tonnes at the end of October. Still, flows have become somewhat more two-way since mid-October. Fresh cancellations are supportive, though, with a total of 26.1% of stocks now on cancelled warrants. But some these outflows are believed to be heading into off-market storage rather than being utilized by end-users so they will return to the open market eventually. One entity holds 30-39% of warrant positions, with the cash/three-month spread recently in a contango of $70.50 per tonne.

Nickel stocks in Shanghai Futures Exchange warehouses totaled 14,881 tonnes on January 4. Fastmarkets MB assessed nickel stocks in Shanghai-bonded warehouses at 23,000-30,000 tonnes at the end of December compared with 24,000-32,000 tonnes in November.

In the physical market, nickel premiums were little changed due to limited seasonal demand from the stainless steel market and a negative import arbitrage in China.

There could be some upside, however, because Chinese authorities have announced new investment in railway infrastructure to help combat slowing domestic economic momentum.

The underlying fundamentals are likely to remain supportive - the International Nickel Study Group (INSG) forecast the refined nickel market to record a further 33,000-tonne deficit in 2019 after the 118,700-tonne deficit in January-October 2018.

Global mine production increased by 6.4% in January-September, which suggests metal production could accelerate.

But supplies from the Philippines will slow to a nine-year low of 24 million wet metric tonnes in 2019, according to the Philippine Nickel Industry Association (PNIA), following the government's decision to limit mining operations.

The latest commitments of traders (COT) data showed net length among LME investment funds declined by 1,716 lots in the week to December 28. Net length stands at -1,387 lots, down from +17,527 lots at the end of September because of long liquidation and short selling.

Conclusion
Nickel has made a positive start to 2019, underpinned by dip-buying interest around $10,700 per tonne. The chart picture is starting to look more constructive; the current speculative positioning suggests there is ample room for prices to rally, although this is likely to hinge on China-US trade negotiations and their impact on broader risk sentiment.

[twigs3] 09/1/2019 09:06

Nice move up again today along with nickel price.

[craigieboy1] 08/1/2019 23:31

Yes still a mini rally at this point with a long way to go to say the 4-5p range before it would be a solid recovery but its a positive few days for sure.

A challenge for the chart experts if anyone is up for it
1/ What is the current interpretation of the chart?
2/ Can anyone overlay Nickel price onto HZM share price last 5years

[excellance] 08/1/2019 22:57

Looking interesting now

[steeplejack] 08/1/2019 14:50

Rise over the last couple of days on high volume which is encouraging.Perhaps,just perhaps we're in for a marked recovery.My target price is 7p.....not so much in the certainty that the stock will reach that level but because that's my break even price!.....I was around in the heady days of 28p.

[twigs3] 08/1/2019 10:15

Agree JB should be a gr8 2019-2020

[jailbird] 08/1/2019 10:12

Oh and Vermelho update as well

[jailbird] 08/1/2019 10:12

Multiples of this price coming Just follow the Nickel price Once construction licence is in , news flow of funding and offtake next

[twigs3] 08/1/2019 10:09

Some big buys coming in this morning with very little selling for a change, let’s hope it continues

[craigieboy1] 08/1/2019 10:08

Article on the BBC saying Tesla has struck ground on its £4B Chinese factory. The pace is certainly quickening!
Good to see yesterdays tick up sustained.

[twigs3] 08/1/2019 09:40

Thanks salmonn, EVs are moving a such a fast place it’s hard to believe so definitely interesting times for nickel going forward. Good to see share price up again.

[salmonn1] 08/1/2019 00:20

To read without a subscription, type "combustion engine car sales" into your browser or search engine. Article is predicting that 2018 was the peak for ICE vehicle sales globally. Maybe partly due to falling growth, but still, who would have predicted that even two or three years ago?

[jailbird] 07/1/2019 21:51

After the US Fed is unlikely to raise rates anytime soon again in early 2019 because of slower growth projections , a weaker dollar is being forecast for 2019 . This will be positive for commodities Dollar May Face 'Quite Significant' Depreciation, NAB's Attrill Says https://www.bloomberg.com/news/videos/2019-01-06/dollar-may-face-quite-significant-depreciation-nab-s-attrill-says-video