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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 4.05p 4.00p 4.10p 4.05p 4.05p 4.05p 1,080,053 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.7 -0.2 - 55.56

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Date Time Title Posts
23/2/201816:33Horizonte Minerals: Nickel and Cobalt484
29/12/201719:39Horizonte Minerals: Nickel140
20/12/201709:21Horizonte Minerals - Significant Undervaluation6,892
02/11/201711:51Stamp Duty 13
25/3/201411:35Video summing up PFS released this morning-

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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 4.05p.
Horizonte Minerals has a 4 week average price of 3.88p and a 12 week average price of 3.38p.
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 1,410,953 shares. The market capitalisation of Horizonte Minerals is £55,563,339.15.
strow: Imv the share price means nothing until the bigger investors have had their fill of selling all their cheap placing shares,but interestingly every time they do so they decrease their remaining margins and increase their overall risk going forwards.A lot of my "risk margin" is based on the cheaper shares I bought a while back.We have no environmental licence currently,no mining license currently,no BFS out and drip feed larger sellers .On this basis if one really has to keep talking about share price,I don't think we are doing too badly.
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.
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.
salmonn1: The value of HZM as expressed by its share price is going to be pretty fluid until everything is in place to build a mine. I don't really understand this, but even if the share price were to spike on its anticipated value before finance and construction was in place would anyone be able to sell a reasonable amount of shares without the price falling? My understanding is that HZM is worth the nickel it can sell minus its costs. And at present we don't know what that is hence a volatile share price I first invested in Feb' 2014 and from the GAP deal onwards I'm more and more convinced that HZM will make it to be a working mine paying a dividend, and the share price eventually will reflect this. Or it will be bought out, my preference, for what the market judges that to be. We just have to be patient.
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.
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.
rapiddave: Evening All,I wanted to share the note I put together on HZM, link below: numbers for the Araguaia project valuation are simply fantastic in my view and I would recommend that any interested party have a read of the note and take a view for themselves. The intention is to paint the opportunity that I see in HZM against the backdrop of the unfolding Nickel demand story.The numbers (PFS & projected) are based on RNS'd information and industry expert forecasts. The numbers are so good that even at £100m Market cap HZM could still be trading at ~90% discount to the Araguaia PFS NPV given UBS Nickel price forecast of $19,621 in 2020 - just as Araguaia is forecast to go into production.In other words at £100m market cap (8.55p share price) the company share price may have to rise 10x to reach the intrinsic value of the Araguaia project. The company believes that they could double the mine reserves / mine life on top of this through further exploration. Currently only ~28% of the measured and indicated Nickel tonnage is included in the Araguaia PFS.In addition there is the Limonite Nickel / Cobalt tailings resource. Read the note above for my views on how this additional resource may add even further significant value.Anyone interested in asking questions directly please follow me on twitter and say hello at @rapidDave_uk
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.
jailbird: Well SalmonnJM has said unless market conditions are right, i.e. the share price and Ni price, then the finance on offer would be too expensive. I think HZM price could rise onFS but Nickel price will be the issue On currrent Nickel forecasting and HZM price means financing unlikely to happen in 2018... pencil in 2019?
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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