Horizonte Minerals Share Discussion Threads

[luckyabbeygale] 14/11/2023 09:33:16

Yeah it's impossible to go below 0 on them both. It would of been even better value again for me if Horizonte suspended and never came back.

[apfindley] 14/11/2023 09:32:08

Is there a chance that the financial oversight has been orchestrated?And now used as a way to screw shareholders so that either fresh capital providers, or existing debtors, being the ones taking the extra risks, can use the situation to take the asset and leave existing shareholders with a minority slice.

[tomboyb] 14/11/2023 09:30:23

who knows where this will fall to -

I've backed off buying any so good luck all -

[nigelpm] 14/11/2023 09:28:39

CFD and SB would be the same - as a retail client your balance can't go below zero.

[luckyabbeygale] 14/11/2023 09:28:26

My purchase price was 17p. Therefore I should be down more than 200 on a thousand pounds worth.

[luckyabbeygale] 14/11/2023 09:27:00

Because it is against the law to be left owing the spread bet company any money. IG took the hit for me.

[john henry] 14/11/2023 09:24:32

luckyabbeygate how is that so,not possible to be better off holding through a CFD or SB than the shares in a falling market.

[nigelpm] 14/11/2023 09:20:05

Any opinions on what this could possibly be worth?

Probably zero to equity.

[john henry] 14/11/2023 09:19:47

Market is signaling that the equity is going to be pretty much worthless.
Aimho

[steeplejack] 14/11/2023 09:18:53

There was never any doubt that a rescue package was going to be very difficult to achieve and experience suggested that a happy ending was unlikely.However,since the price of Horizonte had already fallen from 180p to only 20p,the market was clearly signalling that optimism was misplaced.Its a question of whether the market has already discounted the worst.Actually,we still don't know.It remains 'possible' that the iron might still be pulled from the fire but increasingly unlikely that existing shareholders will derive any benefit.I remain somewhat bemused as to why a few here set themselves up as self styled vigilantes!Very laudable.

[luckyabbeygale] 14/11/2023 09:17:22

It worked out well for me keeping these locked away in my cfd account that is now on 0. As my spread bets have made more than I lost here today.

[tomboyb] 14/11/2023 09:14:15

Any opinions on what this could possibly be worth? -

[john henry] 14/11/2023 09:08:54

Luckyabbeygale what absolute rubbish you put up £200 to control £1000 worth of stock.
You just lost £200 100% of your punt.

[steeplejack] 14/11/2023 09:06:25

Rampers or wishful thinkers?Most were wishful thinkers.The AIM market and especially those who invest in junior mining stocks are wishful thinkers.Sadly,Jeremy Martin did a rather good marketing job of stoking optimism.Economical with the truth.

[luckyabbeygale] 14/11/2023 09:01:44

With risky companies like this it is true that cfd and spread betting is far safer than buying the shares.All I lost was £200 for just over £1,000 worth of shares.

[tomboyb] 14/11/2023 08:57:30

Will they take over for a song? -

[steeplejack] 14/11/2023 08:56:12

Yes,a bridge too far for Jeremy Martin.

[the deacon] 14/11/2023 08:55:03

Decent assets, let down by an extremely poor management team. In time honoured Glencore fashion, they'll take the keys having seen the junior developer nailed to the wall.