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| 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 | 0.00% | 0.475 | 3,954,803 | 07:30:44 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.45 | 0.50 | 0.475 | 0.475 | 0.475 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | -5.32M | -0.0197 | -0.24 | 1.27M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:18:33 | O | 62,886 | 0.4601 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 15/4/2024 | 10:46 | ALNC |  Horizonte Minerals shares plunge as unable to secure Araguaia funds |
| 15/4/2024 | 07:00 | UK RNS | Horizonte Minerals PLC Corporate Update |
| 02/4/2024 | 15:06 | ALNC | TRADING UPDATES: Insig AI eyes revenue fall; Phoenix Digital sound |
| 02/4/2024 | 07:00 | UK RNS | Horizonte Minerals PLC Corporate Update |
| 28/3/2024 | 19:41 | ALNC | EARNINGS AND TRADING: Adnams names new CEO; Roebuck swings to loss |
| 28/3/2024 | 13:39 | UK RNS | Horizonte Minerals PLC Corporate Update |
| 14/3/2024 | 18:26 | ALNC | TRADING UPDATES: Horizonte subsidiary hit with debt injunction |
| 14/3/2024 | 16:40 | UK RNS | Horizonte Minerals PLC Araguaia Project Update |
| 01/3/2024 | 13:11 | ALNC | IN BRIEF: Horizonte keeps lid on costs but funding troubles continue |
| 01/3/2024 | 07:00 | UK RNS | Horizonte Minerals PLC Corporate Update |
Horizonte Minerals (HZM) Share Charts1 Year Horizonte Minerals Chart |
|
1 Month Horizonte Minerals Chart |
Intraday Horizonte Minerals Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 19/4/2024 | 14:36 | Horizonte Minerals: Nickel and Cobalt | 15,047 |
| 15/4/2024 | 17:03 | Horizonte Minerals - 2018 | 1,508 |
| 11/7/2022 | 15:13 | Cannot buy more shares via my broker | 13 |
| 31/7/2018 | 11:05 | Horizonte Minerals (HZM) One to Watch | - |
| 29/12/2017 | 19:39 | Horizonte Minerals: Nickel | 140 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 14:18:35 | 0.46 | 62,886 | 289.34 | O |
| 12:56:48 | 0.46 | 2,800 | 12.88 | O |
| 12:25:36 | 0.48 | 516 | 2.49 | O |
| 12:24:57 | 0.46 | 798 | 3.67 | O |
| 12:15:50 | 0.46 | 4,768 | 21.94 | O |
| Top Posts |
|---|
Posted at 25/4/2024 09:20 by Horizonte Minerals Daily Update Horizonte Minerals Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker HZM. The last closing price for Horizonte Minerals was 0.48p.Horizonte Minerals currently has 269,778,906 shares in issue. The market capitalisation of Horizonte Minerals is £1,267,961. Horizonte Minerals has a price to earnings ratio (PE ratio) of -0.24. This morning HZM shares opened at 0.48p |
Posted at 15/4/2024 12:50 by excellance For HZM investors it doesn't matter who gets it. HZM holders will lose everything after contributing half a billion dollars.Maybe someone will bid more? |
Posted at 01/4/2024 18:03 by impossible123 'JakNife', thanks for the info. I've been in this game for over 3 decades with a break of maybe 4 years, but never shorted a stock.This was my 2nd bite into HZM (another then was BEM and BAO), but deemed extremely lucky to get out within 10 mins of market opening at 76p average; tried to unload 12.5k stocks but market size restriction meant could only sell in 3 blocks thus averaging 76p. I hope most still holding could recoup some losses when HZM is refinanced, and relisted at some stage with retail investors given a chance to partake (again). But, I'll not be amongst them. Good luck everyone still holding! |
Posted at 06/3/2024 07:06 by strow Never lied about my position Have learnt a few lessons which I would not repeat mainly about setting stop losses Have repeated for people like Nigel and others-no admin which thus far is correct Never ever said share price wouldn't drop but no one has a crystal ball and have promoted bull case based on asset value which is still more now than when BFS was done based on continued low power costs,increased nickel price and forex advantages.We will see what happens,but was not the only one not to predict the savagery of the market here. |
Posted at 24/2/2024 05:28 by amt I think one thing to bear in mind is that when the share price was 1.50 it already included a big risk premium that something would go wrong. If everything had gone to plan the share price would have been 10 quid. So there still might be value at 4p. Equally the minerals in the ground might be fantasy and only a fraction of what we believe them to be. Equally there could be a lot more in the ground. Anyway as I mention if there is a potential world nickel resource here some big company will step in. |
Posted at 20/2/2024 11:44 by jaknife steeplejack,"its a choice between incompetence or deceit." I'm a little more forgiving as there is a genuine third option - inflation has gone ballistic over the last couple of years and seemingly wasn't properly baked into the originally estimates. Back in October, when HZM first announced that there was going to be a cost overrun, they did use the phrase "an expected increase in the overall Project capital requirement by at least 35%" [my bold]. see: To the extent that there was any dissembling then it was in those two highlighted words. But even back in October, armed with that RNS, there were still plenty of shareholders who refused to accept that the cost overrun was going to be 35% of the original budget (arguing it was 35% of the remaining budget). Shareholders were too slow to take on board the new information, accept the meaning of that information and accept the natural consequences of that information. The natural conclusion now is that the probability of HZM being a zero is easily in excess of 90%. At best the existing debt providers need to write down a significant chunk of their debt and a hugely dilutive equity raise is needed. I can't see any reason why retail shareholders would need to be involved in that process. At worst it makes no sense to proceed with the project at the current cost and it should be mothballed. There is no good outcome for current retail shareholders even at this price. JakNife |
Posted at 09/1/2024 09:09 by steeplejack Well,that would be the assumption!However,o |
Posted at 03/12/2023 13:01 by jaknife stansmith1,"why would they leave anything on the table for current shareholders?" This is a really good question to ask because existing shareholders need to work out what exactly they have to offer. Traditionally this boils down to two items: 1. Retaining the existing share quote, 2. Cooperation, which could make any "process" materially smoother (eg assistance in avoiding breaches of contract, events of default, etc). In this case 2 is pretty weak because the expectation is that the key shareholders probably have more than enough votes between them to pass 50% resolutions. On 1, it's always been the case historically that *IF* the major shareholders want to retain the existing share quote then they need to incentivise existing shareholders to vote in favour of a 75% shareholder resolution so that a material number of additional shares can be freely issued. So the key question is: "Do key shareholders want to retain the existing quote"? *IF* that's the case then how much are they prepared to pay shareholders in order to retain that quote. In that respect I would note: (i) the amount that the key shareholders might be prepared to pay should be compared to the alternative cost of them simply wiping out shareholders and then relisting. At the max that's not going to be more than about £5m in legal fees. (ii) I deliberately wrote the word "historically" above. There has been a change in legislation in the UK which has yet to be fully tested in circumstances like this (and I doubt that HZM would want to waste the money being the test case). The change is the "Restructuring Plan", of which you can read more here: There's a lot of risk and uncertainty as well as legal costs associated with a "Restructuring Plan" and so it's incredibly unlikely that HZM would want to go down that route. But if they did, and won, then they could retain the quote and wipe out existing shareholders. After all that waffle the conclusion is that *IF* the key shareholders wanted to retain the existing share quote then they will need to "bribe" existing shareholders to vote in favour of a 75% resolution. Such "bribe" needs to be around about £5m and that equates to about 2p a share, which is exactly what ScepticalInvestor suggested. Of course if the key shareholders don't want the quote then the existing shares are close to worthless. JakNife |
Posted at 23/11/2023 23:03 by stansmith1 lol, now youve deleted your post, what a wretch..at least we have a record of itdrwatson wrote...With all due respect Nige you seem to be forgetting that this mining project is over 60% complete and is worth multiples of its current value. Why do you think new money is required or will be allowed? HZM have plenty of options.---ok, so the above is you not saying hzm dont need new money and 50p is not multiples of 22p and hzm wont be allowed to raise new money...lolwrong on every count, share price has more than halved and are in financing talksglad we cleared that up..you are determined to prove to everyone you are a total moron arent you:)i said at the time you were nothing but a lying ramper and was proved correct |
Posted at 23/11/2023 22:36 by stansmith1 With all due respect Nige you seem to be forgetting that this mining project is over 60% complete and is worth multiples of its current value. Why do you think new money is required or will be allowed? HZM have plenty of options.---ok, so the above is you not saying hzm dont need new money and 50p is not multiples of 22p and hzm wont be allowed to raise new money...lolwrong on every count, share price has more than halved and are in financing talksglad we cleared that up..you are determined to prove to everyone you are a total moron arent you:) |
Posted at 21/11/2023 22:04 by jaknife nigelpm/stansmith1,At this point I put the range of outcomes as: A. 50% - key shareholders walk, the project is mothballed, the bank enforces and takes ownership. Leaves HZM as a cash shell with negligible cash. B. 45% - key shareholders fund the project away from the market leaving HZM as a cash shell with negligible cash. C. 5% - key shareholders fund the project on market at a material discount to the current share price at, say, 2p a share. Do you violently disagree? Have other options? JakNife |
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