Horizonte Minerals Share Discussion Threads

[aimscam1] 28/3/2024 15:09

LIQUIDATION COULD BE COMING VERY VERY SOON . IN MY OPINION

[nigelpm] 28/3/2024 15:07

Exactly that Jak - history is there for all to see.

I'm sad for the long term investors here - I was invested myself a while back but as soon as inflation started to ramp thankfully I got out.

[aimscam1] 28/3/2024 15:06

Warned you all another Mining Scam . Liquidation then come back as another fresh company happening all time now .

[jaknife] 28/3/2024 15:03

stansmith1,

I think that the point is that, once again, the people telling the truth were the shorts whilst the longs made wild outlandish claims as they encouraged others to keep buying!

JakNife

[zen12] 28/3/2024 15:02

Grow up and stop swearing lol

[zen12] 28/3/2024 14:29

..and in the process they would all the money they've invested here already...in the 100s of $Millions!

[zen12] 28/3/2024 14:27

Say if SL want to take this private, there is no way they have the expertise and know-how to build this mine.

[excellance] 28/3/2024 14:21

excellance14 Nov '23 - 19:54 - 14335 of 14989 Edit
0 1 0
The question is, at 9p would anyone buy these shares?

The market is clearly bad for miners or explorers to raise capital, so my guess is that this will go into admin and be taken private for a penny

[strow] 28/3/2024 14:20

You may be right Nigel-I am now out and done

[excellance] 28/3/2024 14:20

Any CFO who signs a senior debt deal should by strung up by his nuts.

BEWARE OF SENIOR DEBT SCAMS!

[terminator101] 28/3/2024 14:19

Don't worry gerbils. It will soon all be over

[nigelpm] 28/3/2024 14:09

Game over. Just waiting for strow to tell me I was wrong

[koti4] 28/3/2024 14:01

Looks like the assets are all going to be taken leaviing shareholders with nothing

[drwatson1] 27/3/2024 23:50

stanley, it's so sad to see that you still haven't managed to get a life.....

[stansmith1] 26/3/2024 21:51

strow just posted on lse...Goldman talking their own book again and actually advocating shorting nickel. They are a shower. Totally biased to their trading position. Sound familiar....----well given that people who sold dont have a trading position, that only leaves people like you who talk up their own book constantly, look at the previous post here - anything to reinforce your view, so yes it does sound familiar

[excellance] 21/3/2024 18:17

Ten days left...then it's gone, unless some generous benefactor gives us half a billion quid.

Jeremy should be sent to the moon for his naivety.

[strow] 18/3/2024 22:58

Anyone seen the updated shareholders list ?HSBC seem to have joined our company ?

[stansmith1] 16/3/2024 22:08

great post from strow on lse...-You can bet that anyone deramping at this point just wants in lower before a deal They are not and have never been negative for everyone else's sakes--have you ever read anything so deluded? buying hzm at 1p is the last thing on our minds

[jaknife] 15/3/2024 12:15

Jedi K,

"Not sure what you are expecting in a month."

As per yesterday's RNS:

"As announced on 1 March 2024, existing senior lenders have agreed to waivers including the deferral of interest payments until the 29 March 2024. There is no guarantee that an agreement will be reached with senior lenders with respect to further extensions of such waivers. The Company is a guarantor of ANML's debt under the senior loan facilities. If no agreement is reached and if claims are made in relation to the guarantee, the Company may also need to consider applying for protective measures that may be available to it, or in the event that a re-financing and re-structuring solution for the group is not achieved." [my bold]

So the lenders have voluntarily agreed to waivers and interest payment deferrals up to 29 March.

That the group have had to implement the Brazilian creditor protection procedure implies that the lenders must have indicated that they were not going to extend the voluntary waivers/interest deferral beyond 29 March.

So the question is, when we get to 29 March, are the lenders going to seek to enforce and to protect their position to the maximum possible extent? That would mean, for example, looking to enforce the guarantee in the UK against the listed UK holding company "Horizonte Minerals PLC".

Personally I think that that's more than probable, so a probability of around about 75%. From the position of the senior lenders I can't see any downside to seeking to enforce and yet there's definite benefits. Why wouldn't they look to protect their position to the maximum possible extent?

So we await an RNS either on Fri 29th March or Mon 1st April telling us what action the senior lender has, or has not, decided to take.

JakNife

[jedi k] 15/3/2024 11:31

Not sure what you are expecting in a month. Just been granted 60 days protection.Let's see what the cornerstone investors can agree with Creditors.Also they put in 20 million to keep the business going previously and will need to further fund in the short term, so let's see if that happens in the next 60 days.

[kirk 6] 15/3/2024 09:22

Likely be suspended within a month and no value for shareholders

[jedi k] 14/3/2024 21:37

https://www.gtreview.com/news/americas/glencore-backed-horizonte-minerals-faces-uk-suit-over-brazil-nickel-mine/This is why the protection has been put in place, to protect the business. La Mancha, Orion, Glencore do not want to lose this.