Horizonte Minerals Share Discussion Threads

[strow] 21/11/2023 21:00

Leaves 1.5B shares with market cap of approx $320m firing on all cylinders with the mass assets they have and that is all equity,no debt.The fly in the ointment and all the paranoia seems to be based around the fact that Glencore is on the register.They are outvoted by the other two cornerstones and the rest of us for what we are worth and I'm sure that their offtake could be used as a negotiating ploy by the company if they had their hand forced.There are other parties out there who would be interested and I'm sure there will be a two way break clause

[strow] 21/11/2023 20:55

TwigsEven at 20p nominal value of shares if they raised 1.2 B that would raise $288m, more than even 50% over current capex which would equate to $269m.

[strow] 21/11/2023 20:52

TwigsIf they were to raise 1.2B shares at 20p then you are left with 1.5B shares having raised $288 m.Even 50% extra on current capex is less than this at $269 m.So that is for an all equity raise at 20p.There is a lot of fear around about Glencore being on the register as the dark lord.They are outvoted by La Mancha and Orion combined as we as probably the rest of us if it came to a bun fight

[twigs3] 21/11/2023 19:33

Wow 7p, everyone was saying HZM was a ridiculous price at £1.20 a few weeks ago, so here goes to 1p for Polx. Justin Waite used to love HZM ! Check out his videos

[amaretto1] 21/11/2023 19:11

If you watch the video Polarean imaging Justin waithe At the time the share price was at 26 pence It's now at a absolute ridiculous price of 7 pence

[amaretto1] 21/11/2023 18:57

Justin Waite has a video on you tube He's a large holder All your doing is swapping horses !! Same share price etc

[amaretto1] 21/11/2023 18:55

I'd sell out Invest in POLX !! Do your homework tonight Brokers targets are all 100 pence plus

[twigs3] 21/11/2023 18:51

Basically red or black imo

[twigs3] 21/11/2023 17:49

Yep in the same boat, some are buying now for a profit and hoping for a deal, I will probably hold out for a deal if not it’s obviously bust!

[stansmith1] 21/11/2023 17:49

twigstell me about it, inflation jumped to 10% after they had made about 60% of their purchases, the 10% on the remaining 200m came out at about 400m...go figure...in the same way equity got destroyed way more than it needed to be and obviously where it landed at 18p was still too high....

[ayesha4] 21/11/2023 17:37

I just dont know what to do Take what little i have left or wait it outTheres a real chance of a total wipeout of existing shareholders here

[twigs3] 21/11/2023 17:12

Yep shock and disappointment, inflation I get but not that much, total balls up.

[ayesha4] 21/11/2023 15:09

Ive a fair few here for a v long timeIn utter shock

[wally27] 20/11/2023 19:26

Glencore are not stupid and know the value. Confirmation that Glencore are having a good sniff and we rocket past 30p for starters.

[infinity888] 20/11/2023 19:21

Looks like something has triggered Glencore - was not a resource upgrade due … maybe they know more. Clearly a logically step to make a buyout at a cheap price. Looks like a solution will be found buy maybe we see soon an offer on the table. Adding more tomorrow

[burt777] 20/11/2023 19:21

That may be the case regarding a rumour but your assertion that a deal isn’t presented to market till Q1 is also incorrect. A deal can come anytime that isn’t expected. An unsolicited offer , an offer of a buyout or a framework deal announced to market as soon as known.

It maybe that end of Q1 is when a deal completes but I can assure you that a deal can land any day. Now who is the Wally ? Target completion end of Q1

Deal anytime that requires lots of paperwork !

[wewillwin20] 20/11/2023 18:26

What a wally nothing js being arranged in Q1 2024 Only pumpers think it will be any day

[wally27] 20/11/2023 17:43

From lse board just now..

Glencore deal being finalisedToday 17:33
Glencore deal being finalised will take this to 40p+ in coming days. Well done to those that bought in the last couple of trading days and watch out for a massive scramble for anyone not already in!

[cbeadle] 20/11/2023 17:00

Ufo is also looking likely to transition from a junior to a producer

[jaka] 20/11/2023 13:23

Stan, normally I'd agree with your P&D theory but with a MRE about to be released sometime this quarter and so overdue I've stopped counting, the optimism seems founded.
Like I said, just an idea and good luck!

Edit, sorry out of context, there was the same theory last weekend with GGP by one prominent poster on X, a P& D exercise last week... I'll go and get mi coat. See ya

[jaka] 20/11/2023 12:57

Yet another AIM miner "nailed to the wall" with the major about to pick up the keys. There can't be that many junior miners on AIM that have ever become successful mid-size producers but there could be one with the right prospects, team, backers in the safest jurisdiction and trading now at around the same price GREATLAND GOLD PLC (GGP) Just an idea all IMHO & always DYOR.

[redhill] 19/11/2023 18:38

cashstrapped

Yes. Shanta Gold.

[waterloo01] 19/11/2023 15:00

I remember when they raised the finance and being very impressed with the pricing and amount. No accounting for management though. EMED to ATYM is a an example of success (and moving to main market shortly) but only once they got rid of Harry, and bought in a Spanish speaking mining man who knew how to get things done at the lowest cost.

Maybe some read across. Certainly the investors in EMED did very poorly

[stansmith1] 19/11/2023 14:45

nigelhe is a pump merchantobviously there will be points to make money on hzm, 1p to 2p or 8p to 15p as this plays out...he stopped posting here and has only returned because he will feel vindicated if a buy out occurs or he makes money out his this cant go lower than 18p purchase