Horizonte Minerals Share Discussion Threads

[mrscruff] 04/3/2021 13:17

"Not sure why the large drop when it appears more buys than sells, maybe a large sell will appear later." Because price is not solely determined by the number of buyers to sellers when the price of future earnings change as a result of metal prices, inflation, energy prices, labour costs, tax rates etc....

For example if you dent your classic car the buyer will want to pay less.

I don't tend to invest in indervidual stocks, but the case here looks compelling, so I hope this falls more. This means to you guys that there are buyers sitting on the sidelines.

[twigs3] 04/3/2021 10:57

I agree, JM did the raise to put the company in a much stronger position going forward he didn’t have to as they had a strong balance sheet at the time, looks like it was a good move with nickel falling off a cliff as HZM would have dropped back a bit anyway.

[craigieboy1] 04/3/2021 10:46

Will be interesting to see if our new North American investors take some interest when they get out of bed later today.
I do think the latest placing will prove to be a decent piece of work when the dust settles, but it has unnerved some that’s for sure. When finalising the cornerstone piece the negotiation will be more competitive for HZM with plenty cash in the bank. Circa £30m or so.

[craigieboy1] 04/3/2021 10:36

Yeah, reckon so. Market makers punishing the sellers too.

[twigs3] 04/3/2021 10:35

Not sure why the large drop when it appears more buys than sells, maybe a large sell will appear later.

[craigieboy1] 04/3/2021 10:22

Still holding all of mine with no plans to sell any, just got to ride this out while people are selling, clearly some of the placing shares have been flipped, PI’s who are miffed and potentially some funds too are selling when they were excluded, nickel also correcting its bull run when the fundamentals didn’t support it creating this downward pressure.
I would expect that low and behold we tick back up in price in a a few weeks or so, £18m has been punted in, these funds who have participated will want to see those shares they bought in the placing and perhaps sold some at a profit bought back at some point. We need to remember they are in the deal to make money over the long term as well as any short term flip they could get. Typically 3-5 times the entry point is the going rate for private equity returns sought.
Great buying opportunity for those with a long term view in my opinion.

[blue square] 04/3/2021 10:19

THE value will out for the projects long-term
not necessarily for existing shareholders

[twigs3] 04/3/2021 10:13

Same here steeplejack, I’m here for the long term and we have seen many swings up and down over the years, if people want out it makes no difference long term as value will out at some point.

[steeplejack] 04/3/2021 10:09

We're not "insiders", a revealing term that US commentators use to refer to management.We largely take it on trust that things are progressing well.Yet,the timetable has clearly been slipping and arguably news about offtake agreements have been slow to emerge despite a rising nickel price that might have proved something of a catalyst.The risk is that,in the absence of further news,the 7.5p placing might become a resistance point.It might also,as you suggest,raise speculation that there isn's likely to be any great news short term and that is why the issue was done at a pretty big discount.Management know things we don't.I'm happy to hold,hell I've been here for a decade!

[norsewebster] 04/3/2021 09:59

Why did they do the placing after the 2 x RNS's with the new appointment and the power lines? Surely they knew the bloke was starting on the 1st March when the RNS came out.With nickel at 19500 and the 2 x RNS, share price would have surley powered through the 10p resistance to 12p or so, then do the placing at 10p.Now share price is 7.15p and people are questing Jeremy. If they are not, when is the share price falling with people offloading

[steeplejack] 04/3/2021 09:51

In fairness to the placing advisers,an offer price of 7.5p wasn't at a stupidly large discount albeit it might have in part contributed to the price slump.The problem with equity markets nowadays is that they are so leveraged.Great on the way up but hideous on the way down.Ever since IG index came up with its list of 1000 stocks (where it was no longer prepared to offer margin)the second liners and small caps have been very fragile.This can create a tsunami of selling washing through to the investment trusts etc.You can mull ideas of profit taking,concerns about higher bond yields but the major factor is a squeeze on the over-leveraged more than likely triggered by central government concern about the antics of the likes of the Robin Hood gang.

[steeplejack] 04/3/2021 09:09

I presume that those North American funds that were crying out for a stock offering will be filling their boots at this discount to the placing price.

[twigs3] 04/3/2021 08:43

Nickel down another 6% this morning anyone know why such a large drop over the last few sessions? HZM also down 6% you can now pick them up at best mates rates

[blue square] 04/3/2021 02:34

18 months? More like 36 months

[excellance] 03/3/2021 20:32

It has risen a lot very fast, so a little pullback isn't unexpected.

Still a very good price for miners, but it's not really relevant as we won't be producing anything for 18 months anyway.

[twigs3] 03/3/2021 20:02

Well fickle nickel ended up 7.5% down, now that’s going some.

[excellance] 03/3/2021 17:08

5m trade at close

[excellance] 03/3/2021 17:08

5m trade at close

[twigs3] 03/3/2021 16:25

Nickel down over 6% today! Still 3.5k over our base case though

[jailbird] 03/3/2021 14:58

Huge fall in drop'Big chunk' of nickel cathode hits LME Rotterdam warehousesMore than 7,000 tonnes of uncut nickel cathode entered London Metal Exchange warehouses in Rotterdam on Tuesday March 2, but the 13% increase to Rotterdam's nickel stocks has not yet resulted in any reduction to premiums."The markets don't react that quickly; it only came in today," one nickel trader said on Tuesday, the day of Fastmarkets' weekly nickel price assessments. "But it's a big chunk, and it will be interesting to see who placed that parcel."All the nickel that came into Rotterdam LME units on Tuesday was uncut...

[soundbuy] 02/3/2021 10:08

Gillian Tett explains ESG's importance

hxxps://www.ft.com/video/eba8dff7-ae9e-47db-b054-c8ed52ad8e79