Horizonte Minerals Share Discussion Threads

[twigs3] 04/1/2024 23:21

Why do people like Stan exist, sad world

[chopper89x] 04/1/2024 22:44

Strow - that’s a minor hurdle to overcome if O and LM and glen agree then in practice it’s pretty simple - O and LM will want to ensure that if they do pump in further equity their WACC needs to come down dramatically and hence my point about the equity more likely to be priced in the 7-8p range - that’s not negative it’s just a reality in equity financing ( and we’ve seen that twice before with hzm where equity had been placed lower than expectations, and this time there’s a lot more at stake and they hold the leverage) there’s no free lunch especially given that they’ve already been screwed over, but you must note that even if equity is priced in that region it won’t trade there , it should in theory rally torward a fairer EV.
As said before I’ve been buying back in heavily the last few weeks as the picture becomes somewhat clearer.
Atb

[infinity888] 04/1/2024 22:07

Buying it cheap would need support from all other majors. Yes Glencore bought recently 2 more assets. I am not sure how cheap the other majors would accept a buyout

[twigs3] 04/1/2024 22:02

Infinity, glencore already have 100% off take agreement in place, I suppose in principle they could lend the money up front at very favourable interest rate, but they will still hold all the risk so why not just buy it cheap and go alone?

[strow] 04/1/2024 21:43

I assume chopper from what you have said that you would be expecting an announcement proposing a share restructuring if you think that they will try and raise at less than the 20 p nominal ?Or do you think they would not need to announce that to the market if they were all in agreement with their majority ?

[infinity888] 04/1/2024 20:57

I dont think any that any placing will come. Maximum Glencore increases slightly on top to a pre payment as a loan with good conditions as they are takeoff partners.

They did that model often, last time was confimed mid November

hxxps://smallcaps.com.au/galan-lithium-secures-offtake-financing-deal-glencore-hombre-muerto-west/

Galan Lithium (ASX: GLN) has signed an agreement with a subsidiary of global mining and trading company Glencore for the offtake of up to 100% of lithium chloride concentrate from Phase 1 production at the Hombre Muerto West project in Argentina.

Glencore has also offered to provide a secured financing pre-payment facility for up to $153 million to support funding of Phase 1.

Dilution will be zero in this case. Glencore make 10B usd net profit a year. 800-900M a month. For them adding 150-200M is nothing …

My best guess is pre payment via takeoff partner Glencore

[goforgold1] 04/1/2024 14:43

Some traders in this share last few days working as a team

[stansmith1] 04/1/2024 14:14

woosterby quiet do you mean quiet like yourself and strow was when the share price was 7p...just wondering

[steeplejack] 04/1/2024 13:43

Good post Chopper and much what i was thinking when i posted yesterday.I've taken good profits out of HZM over the last ten years but my last act was to swallow a thumping loss and i have no current position and i'm (as yet) reluctant to join a frenzied mob of day traders and manipulative proprietary traders.The 20m dollars finance isn't more than a holding interim sum of course.It's the fact that two large equity holders (other than Glencore) seem committed to finding a solution that has triggered the price recovery.It's possible that there is no equity fund raise for private clients.La Mancha and Orion could potentially take a chunk of stock at around your suggested price,say 8p.The banks could supplement existing debt and hey presto,everything's back on the road.Yes,theres significant dilution but anything like a reasonable reflection of Araguaia's NPV could see a price around 30-40p is probably a fair guess.That'd be 1.5-2p in old pre-scrip money where HZM were around 5 years back when the market questioned whether finance of any description would be forthcoming.

[chopper89x] 04/1/2024 13:38

Hi strow - I think highly unlikely- it’s expensive slow and hzm is dual listed so I wouldn’t get your hopes up

[strow] 04/1/2024 13:27

Sorry,that was to chopper

[strow] 04/1/2024 13:27

Just a question From your "previous" knowledge was there any intention to let PIs in with a rights ?

[andyalbi71] 04/1/2024 13:26

Yeah I have been watching him , sad git

[wooster4] 04/1/2024 13:24

Stan - where's the other half of your clown duo - nigel these days? Gone v quiet - even your relentless trolling has simmered down - anyone would think you've got better things to do (we know that a lie though!)

[seagreen] 04/1/2024 13:18

If they sort out the finance it is hopelessly undervalued some good points made, they have made one hell of an investment and progress to date.
Like others I think 20M interim finance injection with new board members is potentially hugely encouraging.

Ps I think firestarter has blown up round at AGL 8-)

[chopper89x] 04/1/2024 13:00

John I think you miss my point as well 🤦
Atb

[andyalbi71] 04/1/2024 12:51

If this carries on .... Firefarter will be back with his drivel before close of play

[g2theary] 04/1/2024 12:47

Firestorm short still looking good :D

[klondykejohn] 04/1/2024 12:36

Chopper 89x
The share price will continue to rise slowly, putting a higher valuation on the company.
Your 8-10p forecast will inevitably have to rise, thus reducing your 1billion new shares forecast you presume will happen.
Both lenders and shareholders are heavily indebted and the Board is now made up of a mix of both groups. This tells me that they are going to work together to get production started later this year.
This means that both groups will need to put some more equity into the final stages of plant completion.
I believe that there is still money "in the pot" from the initial draw down facility?
I would expect that the main shareholders will have to loan the company more money to ensure the lenders will re-open the drawdown facility.
A billion shares is far too high an estimate in my opinion.
Both sides must be close to some form of agreement.
I understand that you are heavily invested here, but your comments suggest that you are on a de-ramp campaign.
It won`t happen.
If you want more shares then you had better buy now before the share price begins to take off.
I have just taken a small punt here and will continue to sit back and watch what happens.

[maqsud] 04/1/2024 11:53

Another 50% rise today