Horizonte Minerals Share Discussion Threads

[strow] 27/12/2023 10:14

You total idiot Just to remind you that you are wrong again

[mally6] 27/12/2023 09:32

About to fly 20p end of play today would be nice

[mally6] 27/12/2023 09:26

No-ones going to throw 20mill if a solution was not in the plan yes not there but its a positive step lights are still on

[laurence llewelyn binliner] 27/12/2023 09:26

Interesting development, Orion, La Mancha, Glencore put USD5M in each to keep the business solvent, and a USD5M raid on Vermelho funds to top it up..

CEO/CFO and others sacked, USD200M shortfall to find, coud well be more subject to the investigation on outstanding build CAPEX..

USD 20M emergency debt funding at 15% interest to keep afloat..

I still see Glencore ending up finishing the build and operating it either direct or indirectly, they are the only ones present who know what they are doing, the other 2 are mine financiers, not owner/operators..

A long way to go but a step forward..

[boadicea] 27/12/2023 09:21

Hardly a 'solution', more a necessary piece of crisis management to keep the construction wheels turning while a more permanent settlement is negotiated.
A hefty 15% loan cost will have been judged more economic than restarting a stalled project with subcontractors having disappeared off site, reinstating lost delivery slots etc.
Someone will make money from all of this - just probably not you or me except perhaps for a few crumbs the big boys may choose to share.

[nigelpm] 27/12/2023 09:18

That keeps the lights on but changes nothing in terms of funding hole. Delays admin.

[mally6] 27/12/2023 09:02

This should bag from here was priced to go bust now got funding Christmas hangover

[strow] 27/12/2023 08:31

Yep and it's pretty clear to everyone except Nigel that this won't be going into administration.

[jailbird] 27/12/2023 08:15

London,

it was clear in last RNS "Project update" that this was coming

[london07] 27/12/2023 08:07

Huge uplift coming
Everyone still sleeping.

Nobody could have expected this interim solution

[tomboyb] 27/12/2023 08:03

For a trade -

[m1sterx] 27/12/2023 07:49

Unexpected positive news today, $20m interim funding package agreed with Glencore involved, that will catch a few large short positions offside at a time when both eyes are on the Xmas hamper.

It looks like Horizonte retail shareholders might get out of this debacle reasonably well in due course.

[stansmith1] 20/12/2023 10:06

strowwho cares about admin...you have been saying the nice lenders are going to leave significant upside for existing holders...probably still time to stock up on vaseline

[strow] 20/12/2023 08:54

Ooh it that terrible need to be right again heyWill remind you when you are-lol

[nigelpm] 20/12/2023 08:15

The market did as well! Probably tells you what you need to know. If there was any reality in what you were saying Strow it would be getting bought heavily.

[strow] 20/12/2023 04:59

Think you read a different RNS to me.Progression and direction with the right moves being made in the interests of ALL shareholders and Horizonte plc under the watchful eye of a nominated sub-committee.Can't get much more visibility than that.No administration,and critical pathway of dam and electricity line continuing which is a very strong sign that the board and interim CFO believe that both interim and final financing solutions are possible and likely

[ny boy] 20/12/2023 01:51

For gamblers and spivs only…punters have been dumping loss makers and moving into selected well run Companies Will low debt and solid management to embrace the Santa 🎅 rally S&P500 trying for an all time high this week, could reach that today, buy the dips, stay long, also Bitcoin and other selected cryptocurrencies and Gold are starting to shine

[strow] 19/12/2023 23:28

Oh yes of course sorry why didn't I see that,from everything that's been said it's obvious

[nigelpm] 19/12/2023 21:47

Exactly LLB - almost a certainty.

[laurence llewelyn binliner] 19/12/2023 19:37

Insolvent from end of January with negotiations expected to produce funding inside Q2-2024, what happens in the middle..? IMO administration is what happens, proceeding under new or a changed ownership structure..

[nigelpm] 19/12/2023 18:46

Blimey strow. Did you write that post RNS? You get that they are insolvent if they can't get funds by end of January? That was another bad RNS.