Horizonte Minerals Share Price (HZM)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Horizonte Minerals	LSE:HZM	London	Ordinary Share	GB00B11DNM70	ORD 1P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	+0.01p	+0.22%	4.60p	1,670,550	11:00:12
Bid Price		Offer Price	High Price	Low Price	Open Price
4.50p		4.70p	4.60p	4.58p	4.59p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Mining	0.0	-1.7	-0.1	-	63.11

Related Shares
Rio Tinto (RIO), Glencore (GLEN), Metminco (MNC), Mila Resources (MILA)

Horizonte Minerals (HZM) Latest News

Horizonte Minerals News

Date	Time	Source	Headline
15/5/2018	15:52	UKREG	Horizonte Minerals PLC Result of AGM
11/5/2018	07:00	UKREG	Horizonte Minerals PLC Quarterly Report
09/5/2018	12:57	ALNC	Horizonte Minerals Optimistic After Vermelho Mineral Resource Estimate
09/5/2018	08:33	ALNCF	Alliance News Flash Headline
09/5/2018	07:01	UKREG	Horizonte Minerals PLC Vermelho Mineral Resource
11/4/2018	12:53	ALNC	Brazil's Para State Grants Horizonte Minerals Araguaia Water Permit
11/4/2018	07:00	UKREG	Horizonte Minerals PLC Water permit approved for Araguaia
09/4/2018	08:25	UKREG	Horizonte Minerals PLC Posting of Annual Report and Notice of AGM
27/3/2018	14:27	ALNC	Horizonte Minerals Loss Widens As It Develops Brazilian Portfolio
27/3/2018	07:01	UKREG	Horizonte Minerals PLC Final Results

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Horizonte Minerals (HZM) Discussions and Chat

Horizonte Minerals Forums and Chat

Date	Time	Title	Posts
24/5/2018	10:23	Horizonte Minerals: Nickel and Cobalt	1,483
29/12/2017	19:39	Horizonte Minerals: Nickel	140
20/12/2017	09:21	Horizonte Minerals - Significant Undervaluation	6,892
02/11/2017	11:51	Stamp Duty	13
25/3/2014	11:35	Video summing up PFS released this morning	-

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Horizonte Minerals (HZM) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
09:54:04	4.57	125,000	5,712.50	O
09:38:05	4.60	240,000	11,040.00	O
09:15:26	4.59	100,000	4,590.00	O
09:15:13	4.61	100,000	4,610.00	O
08:55:38	4.59	64,775	2,973.17	O

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Horizonte Minerals (HZM) Top Chat Posts

Date	Subject
24/5/2018 09:20	Horizonte Minerals Daily Update: Horizonte Minerals is listed in the Mining sector of the London Stock Exchange with ticker HZM. The last closing price for Horizonte Minerals was 4.59p. Horizonte Minerals has a 4 week average price of 4.35p and a 12 week average price of 3.52p. The 1 year high share price is 5.13p while the 1 year low share price is currently 2.30p. There are currently 1,371,934,300 shares in issue and the average daily traded volume is 2,888,417 shares. The market capitalisation of Horizonte Minerals is £63,108,977.80. Read Full Thread Reply
22/5/2018 18:01	charles clore: Hen are we expecting those Nickel grade test results? If they come back as battery grade I reckon the HZM share price could really take off. Read Full Thread Follow Reply
15/5/2018 21:19	salmonn1: Re permitting the company have invested time and funds to ensure the process is moving forward. The Preliminary Licence is in place, the Construction Licence will be in place for Q1 2019 and the water permit obtained. Permitting is an iterative process, nothing else is currently being permitted in Para, and the southern region of the state with an average income of just $2 per day is a priority for economic development for the state government. HZM are aware of the forthcoming elections and are taking account of the possible slowing of the process as a result. I get the impression permitting is on track. The ore grade for the first ten years at 1.9% is at the top of the grade curve. The PFS is now historic, today's Ni price is higher with the result that for example the FS assumption is likely to be nearer $13k/t. Re Vermelho, power lines and other infrastructure are very close by. The VALE spend closer to $300m than two, lots of drilling down to 25m, giving a very good understanding of the geology. The limonite resource will be via the HPAL route. The first attraction is the high grade saprolite, we are looking at stripping out the high grade ore at the edge of the hills. VALE can see the synergies with HZM, hence VALE, sale and the royalty where they will get the majority of their value. HZM PEA will be looking at a smaller name plate capex for HPAL?, PEA due in Q3/Q4. How does Vermelho compare globally? Comparing to CleanTeq and Sconi Vermelho has no added value in the market at the moment, JM thinks it should add $100m extra value to the company. To reiterate, FS published in Q2/Q3, construction permit, Q4/Q1 and first metal at Araguaia 2021. HZM is now a pure Ni play that can supply the whole Ni space. Looking for an off-take JV for Vermelho, and if someone wants production of 40-50k tonnes per year we have the capacity. Owen pointed out that the current plans allow the space for a second line to be added. JM made the point that HZM have a strong shareholder base including two major miners, TECK and Glencore and have £10m to finance the rest of the year and 2019. Also pointed out that the team have been very cohesive and long term. Some discussion re sellers of shares. JM says he is in monthly contact with major shareholders, not easy to know who is selling, we have to accept that fund managers have a job to do which includes trading shares if a profit is available. I made the point that it might well be the case that the FS is already priced into the market cap and that publication may not increase the share price immediately. Yes the BoD are equally frustrated re share price but it is important that the FS is in a finished state for the market. JM seemed to agree when I said that in the past the majors had paid some silly prices for acquisitions and were now committed to returning value to shareholders but they are likely to return to acquisitions as there is a shortage of new projects and there should be more interest in HZM in the future from the industry. Owen Bavinton, Ni is like Al, an energy intensive process, it must have cheap hydro power to be economic. Brazil has a surplus of hydro power. I said there must be an incentive then for the power companies to want HZM to come on stream, JM, yes and there is a deal to be done re power infrastructure. Owen, said Brazil is a mature market for Ni, the assets are known and the region is already exploited to a large extent, where as HZM is as yet unexploited. JM, the FeNi is likely to go to North America or Europe. Owen, China is very interested in Brazil, for example, recently bought up a third of the power network. They are definitely engaged in purchases of assets in Brazil, not just Australia. As usual, the above is as I remembered it and may not be totally accurate. But the general point is that HZM is continuing to increase its asset base, de-risk the project and hopefully moving forward into more benign market conditions. Ends. Read Full Thread Follow Reply
15/5/2018 20:26	uapatel: Some of my takings from the AGM Firstly, no NEW news was issued or divested as far as I know. Anyone else reading beyond this point, these are my comments/observations from the AGM. Hopefully others that attended might correct, clarify and add their views. The AGM was held in room around a large circular table (knights of the round table, lol). Not too many shareholders, but did allow for an easier approach to ask questions and get a personal feel on the Directors/business. Nice to have met Raymond and a few other shareholders there. Prior to the formal proceedings, JM came round and I had a brief informal one to one chat. (Very impressed by him and his enthusiasm). I asked a few questions... Nickel Market for Araguaia - JM said he felt that China (having just been there) was predominantly EV focused and they would get there Nickel pig iron from Indonesia. He felt we would be looking to the rest of Aisa (Namely Japan & Korea) and Europe for our non EV nickel. JM (during the meeting) pointed out that that Chinese were prolific in there presence in Brazil. Nickel Price - I asked JM if he felt we may end up with a two tier price band because of EV market (Class 1 & 2 Nickel). He felt not for sometime. Especially as EV market was still a small percentage of the market and its in our interest to have an equal price for all our Nickel rather than a small premium for a smaller market. Off takes - JM said that it was a point of discussion in China and there was clear interest. Clearly he wasn't really interested in giving the Crown Jewels away yet. (Good man!) The AGM, (voting all done and RSN issued) JM essentially went through the Q2 presentation, so no new info. Some of the points/questions raised. JM highlighted our relative mine proximity and ease of trucking. Essentially all product traverses one main road upto the port. I asked if there would be any issues in terms of a log jam with others using this route. Not that they were concerned about and they could once the scale of the project allowed train products to the port (scales of economy). So no real issue. The Power supply for the project was really good (hydroelectric). In fact it was suggested by one shareholder that we actually would act as a key customer and assist the power company being an anchor client. JM felt that was plausible. Other nickel prospects. JM stated they had looked at other prospects, but they had now two tier 1 projects and this was sufficient. HPAL/RKEF. JM mentioned that they were using the RKEF process as this tried and tested and seen as economic. He mentioned that new technologies were always coming forward, but they hadn't seen any new techniques that proved scalable or economic. (Apologies I'm not sure of my ground here so if anyone else wants to comment, much appreciated). Share price and the Seller. The board agreed the low share price was very frustrating, but he was at pains to stress they really didn't know who is behind the current selling. JM pointed out they continue to monitor the share trading, trying to establish what is happening and liaise with key shareholders. Dividends. Yes this was raised by a shareholder. (Nice to think we would still be around for it). Although JM did suggest if and when this was paid it would be good one! BFS and Vermelho. JM pointed out that they were looking at taking on board an element of Vermelho in the BFS. This was the hope and needed to be reviewed to see if provided optimised value as this stage. Someone suggested that the share price may have the BFS priced in already to some extent and that we may have to wait for a further uplift in the share price JM felt we were undervalued, but couldn't really say more than that. I left the meeting feeling very positive with my holding and look forward to seeing the progress in the months ahead. Anyway, hopefully others will add their views. Good luck all holders. Read Full Thread Follow Reply
16/4/2018 19:20	charles clore: maverick24716 Apr '18 - 18:10 - 909 of 909 The investment case is growing stronger here by the day as the project derisks and nickel hits new 3 year highs. You would never think so from the HZM share price action of late!! Read Full Thread Follow Reply
08/2/2018 19:49	salmonn1: Jeremy was good enough to give me a call this morning. He’s very pleased with the results of the trial mining hence the press release. Among other things the trial mine allows for the probable resource to be converted to proven. He stressed that this is only one strand of five or six other work streams that are relevant to the project, so more news to come. I stressed that for me the successful reconciliation of the drill data to what is mined is the important point not the particular grade of the ground excavated. JM said in fact it’s important to test a raft of different Ni grades and other minerals as it is not just the Ni grade that matters as the ores need to be blended and the results just published are very good from that point of view. JM, HZM have a business plan in place and the aim is to work through the FS and publish in early part of year. Permitting is also preceding but it is difficult to put a definitive date on this due in part to forthcoming elections, but the team are working closely with government officers to provide the required information. Regarding Vermhelo, the financing was closed in January, paying for the part of the asset price due and providing two year’s of money to keep the whole project, including Araguaia moving. The Vermhelo scoping study will confirm the grades for limonite, nickel and cobalt giving a resource figure that the market will be able to put a value on. On a general note he’s optimistic, yes the fund raise was dilutive but with the addition of Vermhelo the company is a stronger vehicle. Our shareholder base is good, the nickel price is highest for four/five years, while we have not yet created a higher share price/value he thinks we now have probably the largest undeveloped Nickel inventory in the world of a 100% owned company asset (i.e. pure nickel play). We now have double the nickel saprolite asset and regarding the cobalt, JM is keen to point to Syerston’s valuation, Vermhelo outperforms that asset by times two and once there is a resource from the scoping study the Syerston benchmark share price illustrates where HZM’s value could go and allow us to look for a partner [ for Ni hydroxide and cobalt]. However, JM was also keen to stress that the board would not let Vermhelo distract the business plan and slow down the development of Araguaia. JM thinks a Vermhelo resource could take the share price from 4p to up to 12, in any case will allow the company to sell in to the stainless steel and battery market. The story around batteries is good as it focuses the investment community back to nickel and brings people to HZM, giving us a window to raise the finance. The significance of a £100m market cap’ is that institutional rules do not allow them to consider smaller companies and we need them onboard for finance. JM is looking at HZM’s relative position on AIM. Out of approximately 121 mining companies HZM was recently around 50th , he hopes we can get up to 25th? which he thinks will be really helpful from a marketing point of view. My take on this is that to justify investment companies need to meet their internal rules and feel comfortable that the company has some “heft” and it’s position on AIM would logically seem to help here. I asked if HZM would be on mining companies “watch lists”, JM said yes although he can’t be more specific and says it is worth noting that the Chinese like Brazil, for example in the last three years the Chinese have bought a third of the country’s power network. And they need nickel resources going forward. To sum up, Vermhelo adds a second resource stream but can also add share price value to help finance package for Araguaia. There will be opportunities to market to mining companies and the Chinese investors. Would ideally like £100m market cap’ for institutional rules on investment and because it pushes HZM up the AIM “league table”. The FS and licensing/permitting need to have ALL their features in place BEFORE marketing or it will just stall the promotion. Vermhelo does not yet have a market valuation and the plan is among other things to move it to a point of comparison with Syerston to get an improved valuation. My view, company are concentrating on the things they can control and are pushing the project forward as quickly as possible. They are compiling the information necessary for third parties to be able to make investment decisions about the company, we are not quite there yet but are moving in the right direction. Read Full Thread Follow Reply
02/2/2018 07:50	twigs3: Yep all looking good for nickel that’s for sure, nickel stocks are almost the lowest since July 2014 and falling fast,about time all this was reflected in HZM share price. Read Full Thread Follow Reply
04/1/2018 15:45	cf456: Nice dip buying opportunity as the price pulls back. Much easier to buy on the dips when there is more stock around than to chase the spike. The HZM share price is going a lot higher in 2018 as the story unfolds. Read Full Thread Follow Reply
06/11/2017 07:25	jailbird: Not the HZM share price, but base metals may get ahead of themselves if they continue rising... Philippines and Indonesia are looking at the export bans and this can bring more supply online. Nickel for batteries is a 'premium' Nickel but it still prices under Nickel until it is priced separately in the market Consolidation and pause here would be good to see. I think if Nickel settles above $11 for now , I would be happy. Read Full Thread Follow Reply
13/10/2017 11:27	salmonn1: When I spoke to JM at the event he said, It's exciting times for Ni and HZM, the company is "full-on" with the DFS which is taking up most of the company's time and resources at the moment. Regarding share selling, JM said he is in touch with the key shareholders and re Lombard Odier he feels it is not outside their normal trading practices if they are selling some HZM shares into the market. He said he has noticed growing interest in HZM and good support from our major shareholders. JM said he had been in touch with them all in the last month. He said he can if necessary pick-up the 'phone and talk to any of the shareholders individually if required. And whilst Lombard are just doing normal trading, for them, he is not concerned. And although he has to wait for the TR1s to see the share sale picture, he is able to speak to these shareholders at any time to get a feel for what is happening. JM said we were a bit slow on seeing the potential with batteries, but are now looking at limonite as a separate item. The first 8m of ore is limonite, which will be graded, set-aside in separate piles by grade, in sheltered conditions with an adjacent power supply ready to process. I asked if the lowest tech heap leach would be the preferred process route, JM said yes that would be likely. I made the point that this ore has to be dug out anyway to get to the saprolite and is therefore essentially zero cost. JM said we are fully committed to the DFS at the moment, we almost need another team to look in detail at the battery side of things. Regarding a limonite buy-out JM thinks we almost need to get to the "next level" to make this happen. On the share price, JM thinks the recent rise is good and hopes for a break out. HZM would benefit from a market cap' of c. £100m for a deal, but doesn't think it would get there to the end of the year. Looking at the costs estimates coming in from the DFS JM said the capex is likely to come in at 10% plus or minus of the estimate (US$354m) but more on the plus side. [Please note the +/-10% refers to the DFS NOT the PFS which is +/-25% in line with the industry norm]. But there would be an improvement on the opex front, due to different equipment supply options, I said including for example leasing, JM agreed. Returning to the share price, JM, yes up at 4p today, good to see but can't expect a constant increase. In fact an inflated share price peak followed by a large fall would not be useful. But a steady rise would be with regard to a finance deal. JM also mentioned Ni miner suppliers for batteries (not sure what he said) the gist was, only four or five Ni sulphide? suppliers coming on line? mostly in Australia and all have lower grades than HZM's limonite? Later after the interview I asked about progress on the Installation Licence (LI). JM, we have some good connections with the Para State region officials He has names of the key people who can be spoken to directly. HZM have a licence team permanently up in Belem. The licence application is on course, Para State are very keen. JM pointed out that there will be 500 local jobs during the mine process phase (28 years plus) with at least two extra jobs per mine job created in the local economy. And that doesn't include the jobs created during the construction phase. Talking about EVs and batteries again, JM made the point that the Ni price forecast by banks of $14k/tonne is, "for stainless steel alone" based on annual growth estimates, this doesn't take into account any demand for Ni for battery use! I asked if there are two separate Ni markets, steel and battery? JM said there are five or so separate Ni markets, but with regard to Ni in batteries Ni will be diverted from SS to battery supply, so FeNi demand, which is only suitable for steel, will increase in line with any increase in demand from increased battery use. Hope the above is of interest. JM has offered to meet any shareholders who might be interested for a question and answer meeting. I have emailed JM to ask for three of four dates and times. I'll let you all know as soon as I have them to find out if there is any interest. I think it's important we take him up on this offer, it would be mutually beneficial I think, it's a chance for us to ask our own questions. With in the public domain of course. And for anyone living at distance maybe combine the trip with some Christmas shopping. Cheers. Read Full Thread Follow Reply
26/1/2017 17:20	salmonn1: Twigs, he is and he sets the right tone, doesn't try to hype it up. Looking at the HZM share price graph since February it seems to track the miners in a generic way and hasn't really responded to any news specific to HZM in the longer run. We've just got to be patient. Read Full Thread Follow Reply

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