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Horizonte Minerals Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Horizonte Minerals Plc LSE:HZM London Ordinary Share GB00BMXLQJ47 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 134.00 37,787 07:34:29
Bid Price Offer Price High Price Low Price Open Price
133.00 135.00 134.00 134.00 134.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gold Ores 0.00 -5.32 -2.00 - 359.67
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:00 O 241 134.98 GBX

Horizonte Minerals (HZM) Latest News

Horizonte Minerals (HZM) Discussions and Chat

Horizonte Minerals Forums and Chat

Date Time Title Posts
29/5/202310:29Horizonte Minerals: Nickel and Cobalt12,613
24/5/202316:13Horizonte Minerals - 20181,131
11/7/202215:13Cannot buy more shares via my broker13
31/7/201811:05Horizonte Minerals (HZM) One to Watch -
29/12/201719:39Horizonte Minerals: Nickel140

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Horizonte Minerals (HZM) Most Recent Trades

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Horizonte Minerals (HZM) Top Chat Posts

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Posted at 25/5/2023 08:55 by steeplejack
I recognise that there is 'many a slip between cup and lip' but having the HZM price floating around 6.5p in old money is bizarre.i suppose the well publicised institutional disaffection with equities (UK pension funds and insurance companies holding only 6% in equities) is magnified when it comes to the likes of Horizonte which is perceived as small cap and risky.Oh well,thats the opportunity i suppose.
Posted at 24/5/2023 21:22 by salmonn1
Many thanks for the feedback. Lets hope next year more PIs can make it, in my opinion it is worthwhile, face to face adds a little extra. And it would be good to catch up after over a coffee.

Utpal,as far as I know there has been no change in the schedule, it is still on time and budget as previously announced. No road blocks, possibly some slight delay around pylon deployment due to wet ground conditions, what JM said says to me this is a massive project with multiple work streams and many issues outside of HZM control, for example, the kiln rings could not get through the sea to river locks because the running of the facility had changed hands and no one would sign off on the delivery. Totally unpredictable, as the end of the construction, commissioning and ramp-up get closer the room for rescheduling stuff diminishes. But I do not get the impression there are major problems. PIs, me and Raymund this year, another pi emailed me to say he is on holiday and can not make it. I made an effort to try and find out who else was there, see notes. As I say hope next year more can make it.

ayshea4, agree it is so frustrating. Again JM in the presentation talked about HZM P/NAV being 0.4x compared to mining peers at a median of twice that at 0.8x. Will we get there once into production? The woman I spoke to from Tavistock commented that the building stage before full production is difficult for the market. Could be something in that, money spent but no income to show for it yet. Re V, it does not explain why, but the lack of value ascribed to the asset by the market indicates a lack of certainty that it will get built out. We will have to wait until next year and the FS and construction decision to see if that changes. One point to make if this was priced in would it be worth investing. I know once bought in we want the up-lift but I can not see the problem being mistakes made by the company or lack of marketing, it is just how these things work. I think there will be a point where the share price is £3 but I am long term and can wait. And remember V is a massive saprolite asset worth a lot even going the RKEF and or matte route.

Posted at 24/5/2023 19:57 by salmonn1
Then in general discussion, interesting take on the aims of the cornerstone investors. La Mancha have ambitions to have stakes in top ten miners globally. Re HZM this translates into wanting the company to produce enough nickel to match Rio Tinto for example which would look like a four RKEF production line. I would add and increasing the reserves by additional drilling. Glencore are traders and would be looking to trade as much product as HZM can produce. Orion are slightly different as they are a ten year closed investment but at around the £1.40 entry price will be looking for significant uplift. Also can roll over investment into another investment vehicle.

Asked JM if HZM is seen as a good company to work for. Yes, the location is good, safe town, university, river, able to attract staff compared to more remote locations. I think he is a little modest here, looking at HZM as a long term employment prospect it looks pretty good to me. And recruiting and retaining high quality staff is vital.

Some frustration re covid, Owen estimates two years lost as no one could visit site or had to work from home. Patrick from Investor Relations very helpful, said shareholder updates will now be every three months to coincide with quarterly reporting. General atmosphere up-beat. Next year there should be nickel briquettes on the table. Sorry I’m not saying the share price is going to jump up, but without the above happening it is not going to meet its potential whatever that proves to be.

2 of 2

Posted at 24/5/2023 12:30 by ayesha4
It was worrying yesterday not gonna lie but thankfully nearly back to where it was. When I last spoke to Simon Ritter, he was as confident as he has ever been and I have great faith in him and the company. My point earlier was I could have moved funds out and then back in given the static nature of the share price Hopefully it moves to a decent level soon. On any metric, debt or no debt, this is undervalued at this price.
Posted at 23/5/2023 17:27 by impossible123
A direct transfer of holding from an external entity to in-house responsible for share price gyration today? I beg to differ. I think market-makers taking advantage of retail investors rejigging their HZM portfolio.

Does that mean La Mancha would not be trading these shares?

Posted at 13/4/2023 14:53 by laurence llewelyn binliner
#Ayesha4, IMO, yes, very optimistic, the company has USD600M negative of liabilities, but as the debt winds off the share price will pull up for sure, I am not expecting multiples until a maiden dividend is announced and that will be driven by the Nickel price maintaining our profitability, your target is the same as mine, but time horizon a few years apart.. :o)
Posted at 30/3/2023 19:38 by salmonn1
ayesha, some of the milestones to come which may or may not be catalysts for an uplift to the share price.

Araguaia line 2 FS July to December '23

Araguiai line 1 first nickel (Q1) March (probably or earlier) '24

Vermelho FS and LP permit January to June '24 (probably more towards June)

Possible refinance allowing line two construction to commence '24/25?

Any of the above might add value when successfully achieved on time.

But the above also means, one, as free cash flow starts to come in the market can put a price on income per share, an uplift in my view depending on the ramp-up and the nickel price at the time. And two the Vermelho LP permit and FS is the "starting gun" for a JV, finance package for a HZM build or TO any of which should push up the share price significantly.

I expect at some point the company should have an NPV at the average of it's peers, twice what it is now, see BMO presentation slide page6.

And HZM has world class nickel resources, three decade plus mine life, lowest quartile cost base, and low ghg content, and it takes non Chinese miners ten years to build a mine from scratch. At some point, subject to the usual unforeseen caveats HZM is going to be 60k per annum mid tier nickel miner worth a lot more money to the market than it is now.

Posted at 10/3/2023 17:40 by excellance
Daily PR, all news very positive, on target and on budget, yet the share price drips lower.

Ok nickel prices have dropped a little, but are still very robust.

One of these days we'll see HZM pop 30% higher in a couple of days...or the other way...

Posted at 15/12/2022 15:50 by impossible123
I'd not be surprised if share price is "managed" to shake-off traders and those opportunists with impeccable timing who'd bought in at 89p. The share price is on an uphill trajectory, for sure, unless another world situation arises eg another Covid lockdown or mad Putin invades Europe. Hzm raised sufficient contingency cash as a result of mad Putin incase liquidity gets tighter. Maybe also to ingratiate new instis who'd like to participate in Vermelho in the future.

But, Vermehlo will be much later until production at Araguaia or share price at least 2.5x present. The present share price of 145p is still less than 8p old money - a ridiculous scenario given how much more forward and cashed-up Hzm is.

Get-off the train now one could be left at the station...until Vermelho.

Posted at 02/12/2022 23:23 by salmonn1
We have covered this issue before. When Tsingshan announced they were going to produce a nickel matte from NPI the nickel spot price cratered. The HZM share price did not move at all, because the market had not assigned any additional value to a Vermelho HPAL plant. Sure if it was announced that Vermelho was not to go ahead market sentiment would lower the share price in the short-term but the fact remains that as of yet no value has been added. The BoD and CFO acknowledge this reality. Even the PFS failed to move the dial. It is not the end of the world, a partner with company like Sumitomo for example would be a game changer, we just have to accept that a chunk of the added value will go to others. I guess it is the price that has to be paid.
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