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 -1.37% 7.20 5,387,056 16:07:59
Bid Price Offer Price High Price Low Price Open Price
7.10 7.30 7.25 6.90 7.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -3.17 -0.22 104
Last Trade Time Trade Type Trade Size Trade Price Currency
16:22:41 O 50,000 7.2799 GBX

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Date Time Title Posts
20/10/202020:46Horizonte Minerals: Nickel and Cobalt8,600
16/10/202018:26Horizonte Minerals - 2018368
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 7.30p.
Horizonte Minerals Plc has a 4 week average price of 6.20p and a 12 week average price of 3.40p.
The 1 year high share price is 8.85p while the 1 year low share price is currently 1.38p.
There are currently 1,449,377,287 shares in issue and the average daily traded volume is 7,386,193 shares. The market capitalisation of Horizonte Minerals Plc is £104,355,164.66.
agdecks: The HZM share price is starting to mirror the nickel price. Our high came around 1 Sept, same time as nickel had its highest price since April. The drop off in the nickel price mirrors the recent drop for HZM.
uapatel: Araguaia mine $450m to build Assume we get $325 from the Debt (As per the mandate). I’ve taken that the Brazilian Banks will eventually form part of the overall debt. We would require $125m from Equity & Prepaid off takes. Currently Brazilian Real to the US Dollar is approx 5.5:1 and was around say 4.25:1 at the BFS calculation. So a decline of around 25-30%. That should Easily cover any local cost increases (labour, local equipment) and utility/tax increase I would have thought. This may mean further saving so cover JM loose comment in the last proactive interview of a possible increase in project costs. (He does like to drop in delays and costs like that, I’ve noticed. Suppose it gives an out if things change later, lol). How much would we get in a prepaid element. No idea, but say $10 to 25m means we need to raise around $100 to $115m in Equity. Say £80-90m @ 7p that’s an extra 1.285B shares (based on £90m) or 1.142B (based on £80m) @ 10p that’s an extra 900m shares or 800m shares. (More comfortable, but still prefer it to be only around 500m shares) I would hope JM would look to 10p (or hopefully more) as a basic. I assume that Nickel demand would be apparent by any one in the business, if they didn’t know already. Large finance houses wanting in on the equity raise are also aware of where the story is going. If they want in cheap well let them deal with Glencore, Teck & Orion who clearly get it. So we may even get the raise at a premium to the share price at the time. As I have said before, unless the equity raise is some how structured (don’t ask me how) to be project specific, any one involved in the raise gets in on Vermelho & Serra DT for the price. So I’m hoping JM is not going to dilute existing shareholders unreasonably just when the world is realising (thanks Elon) the need for nickel in the future.
uapatel: Hi Craieboy, I have to agree with Twigs and soundbuy, think it will be around the 10p mark for the equity raise. I put this up on the LSE board a while back on potential news flow which may influence the share price up to the raise ARAGUAIA NEWS FLOW KEY FINANCIAL ISSUES Equity Raise Debt Finance Potential Brazilian Banks named for Part of Debt package Royalty Agreement (May not happen, but could be attached to phase 2) Off Take Deals (JM speaks of Teir 1 participants) ADDITIONAL NEWS TR1: New Holdings &/or Increased positions Mine Team News & possibly an actual programme Pre Orders for Construction materials/plant Power/Utility Contracts VERMELHO NEWS FLOW A)Orion Royalty deal (monies used to progress Vermelho to complete full BFS) B) Potential Partner, although this would impact on A) GENERAL NEWS (That might impact on sentiment hence the SP) HZM presentations/interviews/Twitter Nickel Price Nickel Supply / Demand (Battery or SS)
agdecks: Best to avoid looking at the share price and focus on the market cap. HZM owns some very valuable assets. If HZM was put up for sale today, the sale price would be many multiples of the current market cap.
jedi k: Also what cash could a partner for Vermelho bring. The current HZM share price does not add any value for Vermelho. Tier 1 assets ... a whole Nickel district... more drilling will only find more Nickel in the ground. HZM has a long and prosperous road ahead. Millionaires will be made at these prices..
salmonn1: It's been fun watching progress on the share price since the bank syndicate announcement. And interesting to read various views on where this is going. My take tends to be based around, my limited understanding of, economics 1-0-1, classical and marginal. So for me it's hard for the market to put a value on the company until the equity is raised, i.e. the percentage of the $440 million as equity and the share price at the time of the raise. So bearing that in mind I have listened again to what JM has said about this and taken into account the past history on company announcements. JM is careful to say that this is a traditional finance package of debt, equity and off-take. He's also careful not to say the equity portion will be less than the total amount to be raised minus the debt. In the last Proactive webinar I asked JM if the share price on the equity portion will be less than 7p a share and he replied that the company were aware of dilution to existing shareholders and are in discussions about the share price point (SP premium if share price too low?). Elsewhere, Re the off-take, he does say apart from that they are tier one nickel users based in Europe and or (North America?) that the the off-take might include an upfront payment. To me the above means, firstly that JM is as usual not over promising or giving out new information outside of formal news releases. Two that the company really do take dilution into account and try to keep it as low as possible consistent with moving the project forward. I ask the dilution question at every AGM and get the same reply which they seem to have followed through with. And most encouragingly, if feasible, of the possibility of an upfront payment on an off-take. If so it has the dual benefit of lowering the amount of cash needed to be raised from equity and will most likely raise the share price. So less money to raise at a higher share price equals less dilution. Not certain to happen but a welcome possibility. However this plays out I've been happy since the Orion royalty that Araguaia is going to get built, and we now have a reasonably reliable time line, i.e. two years starting in Q1 2021 (subject to covid) for construction and production.
mreasygoing: You're spot on. It's best not to look everyday at the share price, it will be volatile, but the value is multiples of the current share price and mcap.
salmonn1: Fantastic news yesterday, to me it means the project will be fully financed and construction will start next year, subject to covid or other events outside the company's control. As some others have said the short-term share price is less of a concern in my view. This is a bit beyond my skill set but the way I see it is that until the equity portion is raised you can't put a value on the company. The share "price point" as JM put it is unknown as is the exact percentage of the £450m in equity, so the final number of shares and hence the dilution is in a fairly wide range. I'm sure there are other reasons as well. There are new PIs looking at HZM now so it might be worth going over a few points again. I've been to all the AGMs from 2014 onwards and spoken to the whole Board, except Alex Christopher who doesn't attend. Other PIs such as Raymund have done the same. Although HZM started as an explorer my impression is that the intention from the start was to develop the company into a working mine. They have never given me the impression other than they are trying to build the asset and take it through to production, not just sell it on. There are a whole team of advisors and contractors they have built up with direct experience of planning and building RKEF plants, and specifically in Brazil. eg Snowden, Hatch, a world leading expert on furnace design, ex Anglo American people with links to Barro Alto, Teck providing substantial free technical advice, and more, a lot more. It's the above that has convinced me that the intention is to as JM says build a substantial world class nickel company. That's why I've posted about JM's presentations from 2012, still on YouTube, here. JM's message has been consistent from the beginning, eg he said there will not be two mines in the district and hence the Glencore buy out. And "there will be a mine", we are nearly there. For people who have been worried that HZM has not been marketed vigorously enough, I think JM has played the long game of building consistency by only announcing genuine news not PR and keeping market sensitive news as tight as possible. HZM is an AIM company but to me it is run to a higher standard. Given the volatility of Nickel at some point during production the dividend yield from the share bought at the current price is possibly going to be massive with the market cap at that point up to 5x or more of perceived future profits. A long term hold in my view. GLA.
salmonn1: BinB I honestly don't know. At the recent presentation I asked if HZM could raise the equity with a Market cap' of less than £100mil (i.e. 7p a share). JM said he was mindful of dilution to existing shareholders and there were ongoing discussions about the price point for the equity raise. So perhaps that might be a sticking point? My observation about Orion, Glencore etc. is that these co's are totally ruthless and will try to wring out the best deal for themselves they can get. If there are other base metal miners at a similar stage of development and size that are doing better than HZM then who are they and what can be learnt to improve the company's approach? My feeling is that because the big miners destroyed mind boggling amounts of capital in the previous cycle they have all promised their shareholders to return money as dividends instead of investing (speculating?) in greenfield discoveries or M&A activities. Capital markets that HZM could have tapped into in the past are closed or lacking in enough competition to bid up prices. I've followed HZM since 2014 and so far they seem to have developed and grown the assets in very unpromising conditions. Lets see if they can close a deal. On their past record I think if it is possible they have the team to do it.
backinblack80: Meanwhile, the share price stagnates below 4p, whilst Nickel price rises and the the Royalty agreement valued the share price at circa 10p. WTF is going on and when will some worthwhile news arrive?
Horizonte Minerals share price data is direct from the London Stock Exchange
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