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 1.27% 8.00 6,566,287 16:35:17
Bid Price Offer Price High Price Low Price Open Price
7.80 8.00 7.90 7.90 7.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -3.17 -0.22 129
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:47 O 355,922 7.90 GBX

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Date Time Title Posts
11/4/202109:47Horizonte Minerals - 2018591
09/4/202111:48Horizonte Minerals: Nickel and Cobalt9,943
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 7.90p.
Horizonte Minerals Plc has a 4 week average price of 6.93p and a 12 week average price of 6.90p.
The 1 year high share price is 10.05p while the 1 year low share price is currently 1.85p.
There are currently 1,612,095,640 shares in issue and the average daily traded volume is 7,461,637 shares. The market capitalisation of Horizonte Minerals Plc is £128,967,651.20.
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.
craigieboy1: Dexter, take a look on proactive investors and search on HZM. Plenty of short clips on there worthy of review. Plenty tipsters have also listed HZM as a favoured place to place an investment in recent months. You got to do you own reading though. I have been investing here for around 7y now, building a pretty decent holding. Ref the earlier reply, not much I disagree with, I hope for price range of 12-15p for end of H2 2021, plenty room for upside there also, when you do your research you will see that finance completion is due around mid year, it’s at an advanced stage. This is the gateway finance to unlock the value of all assets in the future. On the removal of the ready reckoner for project value v nickel price, I read on LSE that this was related to the Canadian listing requirements as HZM is also listed in Canada. Again I have not checked this but taken at face value. There are a few posts on LSE with links, you need to trawl a bit if your keen. DYOR. Good luck with your choices.
mesb48: Hi Dexter. Quite sensitive to nickel prices and the structure of the funding. But based on ~$16K Nickel (where it currently is) I'm looking for ~ 20p within 12 months assuming the funding for the Araguaia is sorted hopefully soon in Q2 (I'm assuming a near doubling of the equity shares in issue as part of that funding) and maybe ~ 50p longer term if Vermelho can be later permitted and constructed from free cash flow. You might be arriving at a good time after a decent period of consolidation after the recent 7.5p placing. Covid concerns in Brazil and Nickel price volatility create a fair amount of volatility, but I see the risk/reward to be quite favourable from here. For me the attractions are the commodity is in vogue, mining friendly jurisdiction, project economics vs current share price seem good. Management seems very professional but my wish would be for them to have much more skin in the game. The capex requirement for initial construction is pretty chunky but hopefully a funding structure can be realised soon - and my view is for some downside protection if current management can't do it, someone else will buy the "construction ready" asset at some point (although not ideal) because of the expected Nickel demand. The company website has been redesigned recently and in that process they seem to have removed some handy tools that show the Nickel price sensitivity to the economics. Possibly management have decided some of the assumptions are now outdated but I've found the Araguaia one is still there hidden away if you try this link and it gives a sense of the sensitivity. Click on the Phase 2 tab to see the eventual overall result for the project. Not been posting on here for long, so am waiting to be shot down by others, but that's my 2 cents. DYOR etc. and good luck if you invest.
stansmith3: talking of not having a cluetricky20 wrote recently...IMO once funding is finally tied down the share price for Araguaia 1 should rise to around 50% of NPV but more importantly the certainty that will come with Araguaia 1 funding should remove significant risk for Araguaia 2 and Vermelho. The funding/construction commencing RNS at Araguaia 1 should result in a minimum share price of 25p. That's the absolute minimum. If the promised news on Vermelho H1 2021 is significant then who knows where this might go. there are lots of these nuggets to choose from, will post more later if necessary
excellance: Why would the share price drop to 7.46/7.53 unless placees are selling at cost? Maybe the placing is a defensive strategy to stop a potential acquirer of HZM to get enough shares to potentially launch a t/o? 17% of the shares are instantly in safe hands!
craigieboy1: Was due a step down I reckon, don’t want it overheating short term. At these levels it’s ideal for HZM. Ref share price dip. Anyone who was moaning about not getting in at 7.5p in the offer. Looks like you will get a shot to put your money in at that price.
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
twigs3: Some will say that the raise price is discounted too much, it would have taken a few weeks to put this together and HZM was trading below 8p on the 29th January. Don’t have a problem with it at all if it means we can move forward with the project and the main raise will be at a much higher price, I’m sure the share price will drop a bit tomorrow but will soon recover and some.
salmonn1: Hi RichJJ, There are essentially two parts to the company. HZM's Araguaia district is going to be an RKEF plant producing ferronickel for the stainless steel market. The ongoing finance negotiations are to raise the circa $450 million to construct an RKEF plant with a view to begin construction later this year. The money will come from a mix of, debt, off-takes and equity. See web site for details. One question you might ask is to what extent will the equity portion dilute the SP? For what it's worth the consensus from virtually all interested parties, including long term holders, is that a producing mine with Ni north of $14k per tonne, with dilution, will have a share price significantly higher than the current 8p. An important takeaway is that the RKEF facility stands on its own feet irrespective of what happens in the battery metal space. And the Araguaia nickel resource is world class in terms of high grade and at least three decades of supply. Your interest in the battery nickel aspect relates to HZM's purchase of the Vermelho deposit from VALE at the end of 2017. The company have produced a PFS for an HPAL route to production of class1 nickel and say they are looking for a partner to develop the project. I would suggest you do some research into the HPAL process as it has a mixed success rate. HZM say they have many clear advantages over other projects, 1 half the cost of HPAL is the infrastructure, and that is adjacent to the Vermelho asset and available at no capital cost. 2 V has world class grades and quantities (30 years plus). 3 The technology has progressed since earlier less successful plants. 4 VALE provided $200 million of high quality data which will feed into a FS to save time and money. 5 Experienced workforce and authorities, rarely (if ever) available to rival sites. 6 There is an additional or fall back insurance of V providing again a world class resource for RKEF ferronickel. It is hard to measure but many here believe that little or no value from V is factored into the share price at present, so if V stays on the back burner there is little downside, but if a partner is found or even discussed the upside could be , well, substantial. But just as a stand alone ferro nickel mine in production this makes sense.
Horizonte Minerals share price data is direct from the London Stock Exchange
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