Horizonte Minerals Share Discussion Threads

[blue square] 13/3/2021 05:19

Laurence, my understanding of these
options call, make whole or put and this is from memory.
in the event of a change of ownership, if construction has not started by a
certain date HZM can call in the royalty,buy it back, I guess this would
be to facilitate the sale.
At the same token Orion has the option
of asking for the $25 million back with
interest for length of the "loan"
This all from memory so have not
rechecked for accuracy

[blue square] 13/3/2021 05:01

I thought it was a logical question,
We went from 8p to 7.5p in a week, we
went from 7.5p to 7p(just under) in a week, will the trend continue?
or will we hit some kind of support
which up until now been absent?
Not sure why it's a stupid question?
I am not saying it will or it won't.

[backinblack80] 12/3/2021 23:57

Good point fireplace22. It's amazing how the likes of excellence are so ignorant about things...or, in the case of excellence so fickle...
blue square..what a stupid question...

[laurence llewelyn binliner] 12/3/2021 18:41

#blue square.., I did some digging on the royalty with OMF..

On 29 August 2019 the Group entered into a royalty funding arrangement with Orion Mine Finance (“OMF") securing a gross upfront payment of $25,000,000 before fees in exchange for a royalty, the rate being in a range from 2.25% to 3.00% and determined by the date of funding and commencement of major construction.

At inception of the loan and at the year end the rate has been estimated at 2.45%

But, the aforementioned agreement includes several options embedded within it, there are Call/Make Whole or Put options available - and we have the right to buy back 50-100% of the royalty at a valuation that meets certain minimum economic returns for OMF..

So it may pan out to be not as harsh on revenues as I first thought under the right set of circumstances..

[fireplace22] 12/3/2021 18:28

Brazil total failure in covid response? Deaths per million population 1,280. Shocking, compare that a country that has a rigid lockdown and been virtually under marshal law for a year. Deaths per million population there 1,840! Yes you guessed it Boris land and ministers and their cronies making millions from it. Corruption we could give the DRC lessons.

[blue square] 12/3/2021 18:07

what price next Friday 6.5p ?

[excellance] 12/3/2021 11:06

Brazil is in a mess because of the President. Not only has he totally failed in his covid response, and allowed deforestation of the Amazon to double, but he's planted a retired general to lead Petrobras and is getting very friendly with firmer president De Silva who is as corrupt as they come.

There may be big trouble in Brazil soon.

[excellance] 12/3/2021 11:00

Brazil is a mess, thanks to the lunatic president, and his madness will affect us all.

[blue square] 12/3/2021 10:10

lets hope JM does not miss the deadline for
the offtakes, I noticed in his last
interview he is saying end of H1 for
full financing is he being cautious
or we now looking at H2

[excellance] 11/3/2021 23:39

Nope, I'm not short HZM, never shorted anything ever, and FYI I have a substantial long position, but I voiced my concern when we first heard of the delay, concealed in a load of waffle about how they'd done a great job,
One good sign is the high profile Jeremy appears to be having at PDAC, so who knows maybe he will be man of the moment for the next quarter, I certainly hope so.

I think what annoys me is the notion that this is a done deal when it most certainly is not, tho I hope Jeremy bags the deal he wants.

[stansmith3] 11/3/2021 19:23

talking of not having a cluetricky20 wrote recently...IMO once funding is finally tied down the share price for Araguaia 1 should rise to around 50% of NPV but more importantly the certainty that will come with Araguaia 1 funding should remove significant risk for Araguaia 2 and Vermelho. The funding/construction commencing RNS at Araguaia 1 should result in a minimum share price of 25p. That's the absolute minimum. If the promised news on Vermelho H1 2021 is significant then who knows where this might go. there are lots of these nuggets to choose from, will post more later if necessary

[stansmith3] 11/3/2021 19:06

stick to the asylum, where they talk the share up whilst selling..

[jailbird] 11/3/2021 18:32

LOL,

He is stinging because he bought his T+ position above 8.2p+..and has to sell it at a loss

[tricky20] 11/3/2021 17:14

Only ever post on LSE-but read here.Excellence has never had a clue what he is talking about, should change his name to Irrrelevance.

[blue square] 11/3/2021 17:03

Would be nice to see a blue day
tommorow

[coldspring] 11/3/2021 15:31

Excellance is shorting then........good luck with that.

[excellance] 11/3/2021 15:07

The usual bankster trick is to let the little guy raise the money, get the thing half built, then take it from them for a nominal penny.

[soundbuy] 11/3/2021 13:31

900k doesn't move the dial.....

And NT earlier again this morning.....


zzzzzzzz..........

[jailbird] 11/3/2021 12:45

Bounced of long term 150MA at 6.9p..found some support for now.

[strow] 11/3/2021 09:39

Swing traders having their fill as usual

[mesb48] 11/3/2021 09:15

frustrating share to hold right now, but placings come with the territory unfortunately. If you believe in the long term story here, don't let derampers on BB's or twitter exploit any disgruntlement into an impulsive decision to sell. Good thing to come out of this is JM is now under a bit more pressure to deliver. If he can't or doesn't, I'm confident someone else will buy the assets at this price so the risk/reward is reasonable here IMO.

[norsewebster] 11/3/2021 08:40

I was being ironic pal

[74tom] 11/3/2021 08:40

Why is it a steal when they haven’t got the project finance sorted yet? Bacanora raised $100m of project finance a few weeks ago but then they have a significant JV partner which no doubt helps attract investment. Until we know what the dilution will be it’s a gamble as far as I’m concerned.

[blue square] 11/3/2021 08:35

Then it all starts again traders buy then
traders sell when it go up a little
while people who hold are stuck in
the middle going nowhere