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
  -0.10 -5.71% 1.65 4,153,761 12:56:10
Bid Price Offer Price High Price Low Price Open Price
1.60 1.70 1.70 1.55 1.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.94 -0.14 24
Last Trade Time Trade Type Trade Size Trade Price Currency
15:35:07 O 59,344 1.66 GBX

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Date Time Title Posts
27/3/202014:56Horizonte Minerals: Nickel and Cobalt7,300
06/2/202019:48Horizonte Minerals - 2018219
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 1.75p.
Horizonte Minerals Plc has a 4 week average price of 1.38p and a 12 week average price of 1.38p.
The 1 year high share price is 6.95p while the 1 year low share price is currently 1.38p.
There are currently 1,446,377,287 shares in issue and the average daily traded volume is 4,240,479 shares. The market capitalisation of Horizonte Minerals Plc is £23,865,225.24.
steeplejack: I have been puzzling over that masterinvestor article for awhile now and here is why.There is a typo.The NPV shouldn’t read as a “theoretical 3.35p NPV per share”,it should read “33.5p NPV PER SHARE”.It makes no sense otherwise.Thus,the reviewer,even drawing on his experience that mining companies like HZM rarely command a share price exceeding a third of calculated NPV,would appear to suggest that Araguaia alone could warrant a price of 11p if they got a equity raise away at 10p or around 7p if they did an equity raise at 4.7p.Either way,a significant upside to the current share price.Now,he has not included Vermelho in his calculations which on his methodology,I reckon could probably be evaluated as worth another perhaps 20p odd in due course.Thus,I extrapolate on the masterinvestor model,that Horizonte,might conservatively attain (in time)a share price of perhaps 30p odd.Masterinvestor might not like my back of the envelope calculations but perhaps they should do better proof reading of their research material. “On the same basis at a 10p share raise price, the extra shares required will be 1.47bn to give a 2.92 bn total shares in issue. The NPV will be the same $980m, to give a theoretical 3.35p NPV per share – a 235% premium to the raise price- ie a lower premium (or ‘profit’ on the raise price) than at 4.7p” Horizonte Article by Masterinvestor PS...A share price of 30p ish would rather conveniently give you a valuation not dissimilar to that attained by Anco de Puna when taken over.
devonlad: Balanced review from Gary Newman at Shareprophets (fwiw they have actually produced some stunning tips this year, especially in the resources area): Horizonte Minerals - after positive news on funding... Regular readers of ShareProphets will know that I’ve been a fan of Horizonte Minerals (HZM) since 2016 - as well as tipping it on a recent ShareProphets Podcast - and it is also a company where I hold some shares myself, so it is good to see that it is continuing to progress in the right direction with some good news. This small AIM listed mining company has had its ups and downs in recent times – including a great buying opportunity earlier this year when the share price dropped as low as the 1.7p area – but it has proved to be a good example of why investing longer term can actually pay off if you find the right natural resources company... It owns 100% of the Araguaia and Vermelho nickel projects in Brazil, and on paper I can understand why some investors could be sceptical as these projects have huge amounts of resources in the ground, yet are owned by an AIM minnow, and in many cases it is a reason why I avoid investing in such as things sound too good to be true. In the case of Araguaia, Horizonte bought part of the land from Glencore back in 2015 for $8 million to add to its existing acreage – Glencore also retains a 6.1% shareholding in Horizonte. Then in 2017 it acquired the Vermelho nickel and cobalt project from Vale, also for $8 million. It may seem strange that these large mining companies sold these assets so cheaply, but at the time nickel prices were weak – below the base level of $14,000/t that the feasibility studies had been based upon – and it is only in the last few months that the metal has really started to motor upwards and is now trading at more than $16,000/t. This has a major impact on the economics of these mining projects, especially if, as looks likely, prices remain strong in the future. For instance, at the Araguaia project this $2,000/t increase in the nickel price equates to more than a $250 million increase in the NPV of stage two of the project alone; increases the IRR from 23.8% to 30%; and adds $0.9 billion to expected free cash flow generation over the life of the mine. Stage one would only take just over three years to payback the initial investment. I’m not going to spend too much time going through all the figures relating to the resource, as at this stage it all comes down obtaining financing for one of these projects in order to get them to the production stage, but it is worth pointing out that further work at Vermelho recently has continued to produce encouraging results, and the nickel and cobalt sulphate produced during the test work is of a suitable grade to be based in electric vehicle batteries. It shouldn’t be too long before we see all of these test results from Vermelho worked into a pre-feasibility study, and although the focus is now on Araguaia, the potential of Vermelho certainly shouldn’t be forgotten and is likely to generate further positive newsflow for the company. The recent major news for the company, and specifically for Araguaia – although there is no reason why Vermelho shouldn’t eventually follow a similar path – is a royalty agreement with Orion Mine Finance. Orion will provide an upfront payment of $25 million in return for a 2.25% royalty on the first 426,000 tonnes of nickel to be produced and sold from the project – basically this equates to a royalty on production from phase one of the project, which currently has a NPV of in excess of $580 million at current nickel prices. This would be the equivalent of the company having managed to raise the finance at a 10p share price, compared to an share price of around 3.5p prior to this news coming. This money will help the company to progress the project towards construction and also means that it is now involved with one of the largest mine finance providers in the world. It is still early days as Horizonte still needs to find around $440 million to get stage one through to production, where it would be churning out circa 14,500 tonnes per annum, but the association with Orion should certainly help and the company is still hoping to be producing by around 2022. There are of course still risks here as a lot of money still needs to be raised and nickel prices need to remain high to make the projects as attractive as they currently would be to investors, but given the expected demand for nickel in years to come everything certainly looks promising at the moment. It is also interesting to note that Horizonte has far more shares in the hands of institutional investors than many other AIM miners at a similar stage. The news of funding from Orion caused the share price to rocket when the market opened, but it has since settled down a bit and for me it certainly still remains a hold, as the potential is huge if it does actually make it into production, and I will consider adding more if there are any significant pullbacks caused by the usual AIM ‘sell on news’ mentality, regardless of what the news actually is.
jailbird: Do where is the correlation between nickel prices and HZM share price?It is not happening ... is funding package driving this price now ?
salmonn1: Two things the last couple of weeks might be telling us are, one the nickel market is very volatile. So news can send the price in either direction at a rapid pace. And secondly, among other things, the HZM share price is currently tracking the nickel price, probably in both directions. So conclusion? (not that anyone here is) Probably better not to get too excited about either scenario, up or down. It's news on the finance that matters. But, just to contradict what I've just said, a higher nickel price helps the HZM business case of course.
mr. t: I've a small investment and considering buying more due to the good economics of Araguaia, strategic rationale of nickel, and attractive HZM share price. thing on my mind is the difficulty HZM may have obtaining funding. Has anyone examples of other nickel miners obtaining funding for new projects in recent years? Sorry if this has been discussed and I missed it.
craigieboy1: Yes still a mini rally at this point with a long way to go to say the 4-5p range before it would be a solid recovery but its a positive few days for sure. A challenge for the chart experts if anyone is up for it 1/ What is the current interpretation of the chart? 2/ Can anyone overlay Nickel price onto HZM share price last 5years
craigieboy1: I wonder what this week holds? Nickel price, Trump v China, Nickel warehouse stock levels, HZM share price up/down, HZM news flow??
craigieboy1: Do we think we are at the bottom for Nickel and HZM share price? Any theories out there? I know we are all shocked and deflated at post FS action but I am trying to keep myself focused on the fundamentals that made me invest and they are all intact. Just 1 more year I tell myself.... HZM - Volume seems to be returning to normal and interesting that there was no drop in price near the end of the day yesterday for the first time in a while. There had been selling into even the smallest of rises up to yesterday that pegged it back. Maybe sellers just took a day off. NICKEL - LME stocks still steadily reducing within a reasonable band, surely a price response is inevitable? I tried to combine 5 year stock with 5 year spot price but couldn't drop it in. Any clever people who can combine the charts and display.
hobs: Hopefully the HZM share price will re-enact that of VRS from this time last year when LO made a similar move - from 9.47% to 4.72% on Nov 7th. Share price rocketed after that. I was in at 15p but stupidly sold at 45p. I was delighted with my 3 bagger - what a fool i was! hTTps://
steeplejack: If you're searching for explanations,short term nickel moves might lend some rationale to the HZM share price but over a length of time,there's clearly no meaningful correlation.For one thing,HZM isn't a producer.It's actually getting to a position of production that is mesmerising the market.
Horizonte Minerals share price data is direct from the London Stock Exchange
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