Horizonte Minerals Share Discussion Threads

[jailbird] 23/10/2023 08:18

Agree , mine will be built .You are brave man buying now For example to raise £100m at 20p = 500m new shares , 1 billion for £200mCompany said AT LEAST 35% of Capex needed So excluding all other contingencies and debt , does in need at least $200m?

[strow] 23/10/2023 08:08

Well I have bought a further 50k shares just now-more to follow in due courseIt's going to be financed imv and as an entry price for V this is just amazing

[jailbird] 23/10/2023 07:47

So how much funding is needed ?Is it any clearer now ?

[nigelpm] 23/10/2023 07:28

It also looks abundantly clear that all those issues noted in the RNS were known before 2nd October. Quite how Jeremy is still in place is beyond me.

[nigelpm] 23/10/2023 07:14

Laid out very clear and stark re: draw down on existing facility. Can't do it until funding to completion is both quantified and found. If that doesn't make it clear to shareholders nothing will.

[jedi k] 20/10/2023 10:15

Money is available, just a question about at what price. Reallocate this saving to HZM? Also same for Glencore who also pulled out of the deal.https://lamancharesourcecapital.com/blog/la-manchas-us100-million-agreement-to-invest-in-acg-electric-metals-is-terminated/

[nigelpm] 20/10/2023 09:39

I'd imagine a continued decline in share price with the odd jump caused by misinformed rampers.

[nigelpm] 20/10/2023 09:27

It's not really "bearish speculation" - it's more a realisation that trying to raise a minimum of c.$200m in the current climate for an AIM listed company is challenging to say the least.

[steeplejack] 20/10/2023 09:09

Perhaps but a quick resolution was never that likely given the scale of the necessary funding.The longer the wait,the more vulnerable the shares are to understandably bearish speculation.That doesn't mean the speculation will ultimately prove correct.

[nigelpm] 19/10/2023 21:45

The longer it goes without funding the closer it gets to admin for equity im afraid.

[raymund] 19/10/2023 19:49

Another bit about Hotrizonte im Master Investor today

hxxps://masterinvestor.co.uk/commodities/little-happening-but-a-lot-to-talk-about/

[raymund] 19/10/2023 19:36

strow, thanks for that. Problem stated as "Water management issues". It would be good to know precisley what these issues are and why so costly

[raymund] 19/10/2023 19:34

strow, thanks for that. Problem stated as "Water management issues". It would be good to know precis

[strow] 19/10/2023 18:46

https://www.cruxinvestor.com/posts/navigating-the-complex-nickel-market-expert-insights-on-fundamentals-prices-and-investment-risksBit about Horizonte in there

[strow] 17/10/2023 11:07

Vale bfs looking at it in a completely different way Chalk and cheese in terms of volumes area etc

[strow] 17/10/2023 11:05

That was because of the reduced area that they decided to mine from V

[the deacon] 17/10/2023 10:49

Vale estimated $1.1bn capex for Vermelho back in 2005. HZM then (somehow) proceeded to almost cut that number in half in their 2019 PFS. I'd imagine even Vale's estimate looks optimistic today.

[stansmith1] 17/10/2023 10:44

Inflation spiked to 10%, they should have had at least some margin for error. After saying fully funded, they then raised - 200m - then after saying everything on track they then said they need another 200m.There is a lot more than inflation going on. Incompetence is the best spin that could be put on this and they should be booted out. We have yet to get the full facts of the latest fiasco.

[jailbird] 17/10/2023 09:24

Twigs I think more a failure of the BFSAfter all contingency was built in for overruns. But inflation as it has become probably was never factored in or expected I find hard to blame the BoD for that entirely but have to take some blame here . I am sure they knew of problems earlier than reported Got to remember there are a few highly experienced investors in these huge projects and even they never saw this coming

[jailbird] 16/10/2023 22:47

DDRYou make a good point about Capex forecasts , something that has bothering me ever since inflation took off The knock on effect on A2 willBecome evident I am sure . Be interesting to see huge Capex will be now for Vermelho if HPAL is explored . But I have always maintained that this project will be better as feeder to Aragauia as SS Or matte nickel for batteries For me all forecasts will be kicked down the road by at least 12 -24 months because of Capex increases

[jedi k] 16/10/2023 22:43

Yes but line 2 is another line. The infrastructure which makes a considerable part of the Capex can handle 3 lines.

[dead duck resources] 16/10/2023 21:52

Line 2 capex $200m (2018) when line 1 was said to be $443m (look how that turned out)

"For this scenario the incremental capital expenditure to build the stage 2 expansion is anticipated to be financed out of operational free cashflow." - HZM management

$200m expansion capex (likely $250-275m) being funded from cashflow is sheer fantasy.

[jedi k] 16/10/2023 21:25

I believe the Glencore ore will feed into Araguia lines 1 and 2 and part of the 28 year mine life of Araguia. Hence no extra Capex required. Also just putting it out there if Vermelho goes down the RKEF route , the the ore could be shipped into Araguia on line 3. Just a thought.

[dead duck resources] 16/10/2023 20:50

HZM barely touched Glencore's license which is 100km away and was likely acquired for the prestige of having Glencore on the share register. Despite buying stock they were really in this for the offtake and the sub-$10m shareholding is chicken feed for them. Perhaps they'll be thankful for HZM disproving the investment case with both projects similar in geology/capex so was worth jettisoning and getting HZM to spend capital on their behalf. I expect they will remain invested but won't put a penny more into this.