Horizonte Minerals Share Discussion Threads

[norsewebster] 11/3/2021 08:27

I wonder how many are saying they topping up at these silly levels as it is a steal

[uapatel] 11/3/2021 08:26

Nice start to the Day, lol.

Good job Nickel popped back over $16K.

[jailbird] 11/3/2021 08:26

could fall to 200MA support at 6.3p is my worst case

Might not get there, sellers are trying to push this down during no news period

[excellance] 11/3/2021 08:25

Jeremy looks tired, like he's being crushed.

Our share price is being crushed too.

[uapatel] 11/3/2021 08:15

Latest interview 11.3.21 nothing new more PR.

Interview Horizonte Minerals plc - Brazil-Canada at PDAC 2021

[blue square] 10/3/2021 23:07

Don't forget the royalty increases
with delays up to a maximum of 3%
we must be close to that now I would
imagine.

[laurence llewelyn binliner] 10/3/2021 22:45

It is a fair observation that after being told that news around the finance package would not be released piecemeal, this has not happened and we have now had a II investor placing, a Paradigm led placing of special warrants, with off take news now expected before end of March, then the main raise and a rump placing for private investors for the balance needed of undisclosed quantity..

I suspect HZM BOD have found that it is not as easy to pull together as forecast, lending banks want a discount to buy in as demonstrated by the raise at 7.5p, and they want to charge 8-10% on top for the debt money too..

Banks offering mine finance will probably get 1 BOD a week coming through the door thinking their project is strong enough to sell at a premium, the reality is the bank will cherry pick the project they can buy at the best price/discount and the proposal with a raise at a premium goes away empty handed..

Orion were able to get a 2.25% royalty in 2019 for USD25M upfront because we have zero revenues for 4 years after the deal and no one would lend against the project at the early risk stage..

Royalties are perfectly normal to get a project off the ground but it is a huge chunk of revenue to give away and a 2.25% GRR will return at current prices with Araguaia scaled up a 50% return a year on their investment for 28 years..

Getting ahead with early enabling works and connecting us up to the power grid is a good strategy, but the raise was a surprise to most PI holders at least..

That said, I am confident the project will happen now but I want to see the composition of the full funding package before I buy any more..

[jailbird] 10/3/2021 20:21

I remember SXXHuge outlay required , in billions Not sure the project was economically feasible thinking about it .You must know every feasible proven project requires financing to bring it to production .

[excellance] 10/3/2021 18:47

Nope, it is clear that the bank consortium finance is far from certain, and that they will push for a nominated company of their choice to run the show, or no finance.

The only reasonable alternative is to sell up to a major, unless we can get a money bags benefactor to champion our cause, but if we had that we would have done that by now.

Banks are poison, they are as corrupt as Bernie Madoff and certainly no charity.

[excellance] 10/3/2021 17:07

regardless, we can see that delay means there are serious issues with project finance, and since then we've raised even more cash and promised an open offer to get us over the line.

we need a serious benefactor to champion our cause, someone with bags of cash and unlimited human capital to get this done. we are at the mercy of the banks and that is a bad place to be, just look at SXX.

there is a hole the size of the tower of london in our financial plans, and we need that hole filled.

[soundbuy] 10/3/2021 10:17

From the other BB

hxxps://stockhead.com.au/news/barry-fitzgerald-will-the-nickel-price-crash-pave-the-way-for-a-legend-to-rise/

[soundbuy] 10/3/2021 10:16

From the other BB

hxxps://www.mining.com/web/battery-metals-buzz-is-back-as-europe-reboots-ev-sector/

[jailbird] 10/3/2021 01:17

https://www.kitco.com/news/2021-03-05/The-magic-number-needed-for-getting-a-nickel-project-developed.htmlWith nickel prices spiking last month to six-year highs and EV automobile projected to go parabolic, the industry is starting to realize there is not enough metal available.On Friday Kore Mining's VP of exploration, Michael Tucker, joined Kitco Roundtable podcast with correspondent Paul Harris, editor Neils Christensen and mining audiences manager Michael McCrae.Last month LME nickel traded at a six-year high, hitting $19,689 a tonne before falling back.Tucker said nickel is a key material for electric vehicles, and the metal is expected to have one of the highest multiples of current demand.If the battery tech stays the same and EV adoption continues apace, Tucker predicted unprecedented demand: an increase of 400,000 to 500,000 tonnes per year by 2025 and upwards of 1,000,000 tonnes per year by 2030-2035.On top of that, batteries are also picky about their nickel. Only Class 1 or 99.9% pure nickel is usable.Until recent price spikes, years of low nickel prices resulted in lack of projects."The sad story is that we haven't done a great job as explorers looking for nickel sulfide deposits in the last 20 years," said Tucker. Nickel deposit types of roughly divide into sulfide and laterite deposit types. The nickel from sulfides is usually easier to extract and found further north. Laterites are usually near the equator.Projects can't advance without better prices. In 2018, Yukon-based Nickel Creek Platinum said what it needed to advance its project."The company believes it wouldn't be prudent to complete a PEA [preliminary economic assessment] until the emergence of improved financial market conditions and a stronger commodity price environment, and notionally not until nickel prices settle in the range of at least US$9.00 to US$11.00 per pound," wrote Diane Garrett, President and CEO Nickel Creek Platinum in a 2018 news release.Last month's price hike fell short of $9 a pound.Size of the deposit matters, too. When Tucker was exploring for nickel, his economic baseline was 100,000 tonnes contained nickel at around 1.75% to 2%."Because that's something that'll work really well in an underground environment at most nickel prices," said Tucker."And if you're looking for the same thing in open-pit scenario, we really liked 0.65% with the same amount of contained nickel...that seems to be a bit of a magic number for things getting developed or not developed in the sulfide space."

[soundbuy] 09/3/2021 10:42

From the other BB

[jailbird] 09/3/2021 10:26

Moving on now But I think we are due a conference call with JM again but I am not sure will get that It certainly explains why the Cruz interview was canned

[soundbuy] 09/3/2021 09:38

Nickel 28

Key take away

'Lastly, the NPI that China is using for the nickel matte production is not new supply. They are simply taking from the stainless steel industry and giving to the battery industry — at great cost in energy and emissions. However you look at it, we still need a lot more nickel production if we are going to transition to electric vehicles.'

[salmonn1] 08/3/2021 22:43

excellance, I definitely think all players in the finance package are trying to maximize their holding for the lowest cost to them. I'm just hoping the BoD can get the best deal available given the hand they've been dealt. Re the company not having built a RKEF plant, the company team and contractors have actually been directly involved in the construction of Barro Alto and Onca Puma and all the other elements that go into the development of a working nickel laterite mine, in Brazil. That includes a furnace rebuild at one of the plants. If there is a takeover the same people will be doing the work whoever ultimately owns the asset. I think I know enough about construction and engineering to know that as complex a piece of kit as an RKEF plant is unlikely to get built successfully by people who have never done it before. Believe me my DD has from the beginning has been asking these questions. All these banks etc. I'm sure are totally ruthless, the best you can say is they're "frenemies". I think the BoD will do the best job possible with the resources to hand but I'm not expecting miracles.

[mesb48] 08/3/2021 09:47

can anyone suggest good past examples in other companies to know what terms a deal with a cornerstone investor at this stage in mine development is likely to look like?

[stansmith3] 08/3/2021 07:43

Interesting, before the placing which PIs were excluded from PIs collectively had quite a large stake here....

[excellance] 07/3/2021 23:50

Because we are about to be taken over for buttons.

It is actually a much lower risk outcome for a company that haven't built a shed never mind a half billion dollar mine and processing plant.

The banks will force a sale.

[backinblack80] 07/3/2021 00:40

If there is no imminent TO offer, I'll be a tad concerned.HZM take this to production? No one interested?
Who is the Cornerstone Investor?
Why is there so little meaningful news and why are simple deadlines being missed?