Share Name Share Symbol Market Type Share ISIN Share Description
Horizonte Minerals Plc LSE:HZM London Ordinary Share GB00B11DNM70 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.20 3.28% 6.30 3,236,688 16:35:05
Bid Price Offer Price High Price Low Price Open Price
6.30 6.50 6.40 6.10 6.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -2.39 -0.16 102
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:56 O 120,000 6.30 GBX

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Date Time Title Posts
29/7/202112:06Horizonte Minerals: Nickel and Cobalt10,263
27/7/202115:49Horizonte Minerals - 2018647
04/6/201923:46Cannot buy more shares via my broker2
31/7/201811:05Horizonte Minerals (HZM) One to Watch -
29/12/201719:39Horizonte Minerals: Nickel140

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Horizonte Minerals Daily Update: Horizonte Minerals Plc is listed in the Mining sector of the London Stock Exchange with ticker HZM. The last closing price for Horizonte Minerals was 6.10p.
Horizonte Minerals Plc has a 4 week average price of 5.85p and a 12 week average price of 5.85p.
The 1 year high share price is 10.05p while the 1 year low share price is currently 3.40p.
There are currently 1,612,095,640 shares in issue and the average daily traded volume is 5,461,633 shares. The market capitalisation of Horizonte Minerals Plc is £101,562,025.32.
steeplejack: Private investors dominate in the shareholder list.It would be nice to think that there are a few flighty PIs upsetting the share price but experience suggests that the market has got wind of something.The shares are over 20% lower than the last placing price of 7.5p.The existing share price necessarily influences the strike price of a future placing especially given the predominance of a fragmented private investor shareholder base.How many times have you seen a placing strike price determined by reference to the average share price prevailing in the previous 15 trading days or 30 trading days.It’s invariably employed to establish a placing strike price.This share price fall is weakening the managements hand when it comes to striking that upcoming placing price.I suspect the price has fallen to a level at which the placing will be undertaken.We’ll see how the shares behave in the next couple of days. Shareholder Number of shares % of issued capital Hargreaves Lansdown 242,863,192 14.38% Teck Resources 210,207,179 12.36% Canaccord Genuity Wealth Management 168,930,000 9.93% Interactive Investor 165,613,617 9.74% Glencore 88,362,682 5.19% AJ Bell 88,132,692 5.18% HSDL 87,460,201 5.14% Barclays Smart Investor 47,754,220 2.80%
soundbuy: Is that a fairly accurate representation of the HZM journey? Mid-way through the 'Development' phase? Yet share price languishing around the end of feasibility?
salmonn1: I've been looking at the June 17th news release again. The only hold-up now seems to be the "credit approval" from the banks. In JM's session with investors, that has now been taken down, he gives no indication that finance would not be completed in or around the end of H2. Whilst it wouldn't be prudent to criticize the international lenders of foot dragging or not keeping the company up-dated it seems to me that HZM gave the impression that the final piece of the finance (i.e. credit approval) was reaching the end stage. Maybe the independent audit reports were not completed or submitted or read early enough. Or something else in clearly a complicated, multi party process. And communication was not as good as one might hope, who knows? But as with other LTSHs here who are used to slippage on deadlines I have a feeling that this time the company is going to get across the finish line. Another encouraging trend recently has been the nickel market. I don't normally comment on nickel price or trends, one don't know enough and secondly believe prediction is rarely better than luck. Hence the use of Bank consensus projections, if you don't know at least go with a prediction everyone can agree on, even if they know it's nothing better than a guess. Bit like a long range weather forecast. We all know that during the finance stage we want a nickel price north of $14k/t and so far the price of this volatile commodity seems to be pretty sticky which will we hope continue until finance completion. It shouldn't matter as production is three years down the line but I bet it helps that the price hasn't tanked. And news on the nickel front is getting better by the day. Indonesia wants FeNi smelting to be restricted to conserve saprolite ore for battery grade nickel, a pivot away from SS production that must help Araguaia. Russia has just announced a metal tax to try to incentivise up-stream value chain production, which should support the nickel price in the short-term, when we need it. China releasing metal stocks to try and reduce metal commodity inflation, won't work long term of course as they will eventually need to re-stock but in a back-handed way it's a vote of confidence in, strategic metal, values. And maybe Biden will get his $trillion infrastructure/recovery bill through, although I'll believe it when I see it, all that matters in the short-term is that the markets believe it and price it into nickel. So that's my take on where we are, but of course dyor.
craigieboy1: HZM share price never ceases to amaze. At this Nickel price the annual revenue is roughly around $270m (15k x $18k/t) and with cash costs of around $7k/t profit is around $165m pa from phase 1 alone. Background shenanigans pre equity could be at play if the strike price is also impacted by current nickel price in the term sheet. It is not a typical AIM play at the moment, massive news due and price dropping, it’s usually the other way round on AIM. Back to the waiting……;……
salmonn1: Good update. HZM has passed the banks' wide ranging independent audit. Useful to know that credit approval by the banks is to a timeline not under the company's control and the inference that following the audit this is a done deal. As a shareholder, a close reading of this latest statement does not give any reason to sell and I'm surprised the share price is falling given the above. Given the work done by so many diverse parties on this project it is hard to believe that all concerned are not confident that this is not going to go through to completion.
mesb48: Am hoping this has found a floor around 7p now. Frustrating it’s drifted and will be more frustrating if the final equity piece is done on a VWAP discount from here. But I have to think all parties will not have been daft enough to structure the finance arrangement centred around the cornerstone so the share price then just sits just there. Peel Hunt’s clients will want their 14p. Would be interesting to know what BMO’s target price is, I can’t find that. And assuming the cornerstone is Orion, they’ll want some share price progression too to give a better base in case a bidder comes along. Patience will prevail I feel.
salmonn1: BinB it might surprise you that I think you are right. But I agree in a way what you say about the share price and lack of big news. The fact is unfortunately that the current market cap is what the market values us at. Probably due to a combination of unknown dilution from the final capital raise, uncertainty on nickel market in three years time, company not having a track record and a load of other stuff. Most takeovers I read about in the news offer what? 40 % premium max? And it's too early for HZM to be valued against its annual profit. Hence, if you think HZM is an exceptional company, which I do, then the share price is "significantly undervalued" as the title of this BB says or more succinctly sh-t. On the other hand if it was valued more inline with the potential most of us see here, it wouldn't be worth buying. Personally I think they are playing with the cards they've been dealt with. It's frustratingly slow but everyone's ruthless and the best you can say of any of these potential partners is they are frenemies trying to get pieces of us for as little as possible. Building out a mine is likely to maximize the SH value, but it's slow.
excellance: I'm fairly sure that whatever happens the HZM share price will respond positively. The recent placing has kept this down to earth, but arguably underpins support. Whatever the cost of funding it will allow us to progress to the all important development stage, but a major may decide that more money can be made by developing a different way, that little HZM couldn't consider because of affordability. Whichever way this goes our share price will rise, unless funding falls thru and no takeover emerges, which is also a possibility tho slim.
jedi k: Thanks Lawrence. This deal did not happen overnight and may have been proposed in December when the share price was at 7p. As the Nickel price has gone up so has the HZM price and we near financial closing. Thus no malice was intended just circumstances and these investors/brokers are interested in short and medium gains only. It's the only these guys earn a bonus. They don't get any credit for paper profits or dividends in 6 or 7 years time.
harrisun: ridicule. I know that wording, as it also applies to the US. With a book build there are no auction competitive processes at work, as the price is already known. Look matters not now, its done. Personally I'd have preferred one RNS of a placing finished for two reasons. The first is the fact of pre announcement never in shareholders interest in my opinion. Second unless there is an acquisition an accelerated book build is seen as a desperate need for cash, which indicates poor financial management. I'm hoping its the former as the latter would potentially damage sentiment. I think enough time has been put on the bb, and where I still see the company doing well, albeit having to climb from a slightly lower base share price now. Likewise is there anything in the book build that prevents new holders and institutions offloading for an instant quick profit which may suppress the share price going forwards. At least this didn't really show signs of front running, which is unusual on AIM. As they say onwards and upwards
Horizonte Minerals share price data is direct from the London Stock Exchange
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