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
  -0.10p -2.70% 3.60p 3,410,590 09:36:19
Bid Price Offer Price High Price Low Price Open Price
3.50p 3.70p 3.70p 3.60p 3.70p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.67 -0.14 49.4

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Date Time Title Posts
17/8/201816:46Horizonte Minerals: Nickel and Cobalt2,370
31/7/201811:05Horizonte Minerals (HZM) One to Watch -
29/12/201719:39Horizonte Minerals: Nickel140
20/12/201709:21Horizonte Minerals - Significant Undervaluation6,892
02/11/201711:51Stamp Duty 13

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16:09:073.6030,0001,080.00O
15:36:113.60130,0004,686.24O
15:23:253.58123,1004,406.61O
15:23:063.64140,0005,089.00O
15:22:593.542,931103.82O
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Horizonte Minerals (HZM) Top Chat Posts

DateSubject
17/8/2018
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 3.70p.
Horizonte Minerals has a 4 week average price of 3.55p and a 12 week average price of 3.55p.
The 1 year high share price is 5.13p while the 1 year low share price is currently 2.68p.
There are currently 1,371,934,300 shares in issue and the average daily traded volume is 3,909,683 shares. The market capitalisation of Horizonte Minerals is £49,389,634.80.
02/7/2018
11:02
salmonn1: I remember speaking to JM about the share price and whether the share price really mattered as far as the company were concerned. He was very clear, saying we all want that (higher share price). A market cap over 100m helps because some institutions have rules that prevent them investing in smaller companies. A higher share price would get HZM into the AIM top 100 which would increase visibility. A higher share price makes it easier to take on debt which is, I think, measured as a multiple of company value. There appears to be no downside to a higher share price with regards to moving forward this project. May be small shareholders are just getting bored and moving on? Who knows, but looking at the reality on the ground HZM is progressing, and if it's difficult to advance a laterite nickel mine technically then it's also a barrier to entry. I find it hard to understand now we are at the finance stage why a low share price would be advantageous to anyone.
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.
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.
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.
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!!
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.
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.
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.
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.
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.
Horizonte Minerals share price data is direct from the London Stock Exchange
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