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Rich, just ignore the moron. It's agenda is so transparent......troll alert.
There's much to be concerned about with the global economy. It's not unique to HZM.
HZM are financed with a massive contingency pot. Most, including me, were fuming with the additional dilution. Now looks like a pretty good decision.? TO offer could come at any time. ....serious investors can see well beyond the short term fluctuations....
contrarian - you're clearly very hard of thinking and therefore still haven't worked out that I haven't the slightest bit of interest in what you have to say. Though if I change my mind and decide I want to listen to the village idiot playing buzzword bingo with financial terms, mashing them nonsensically into a sentence, like an elephant with a typewriter, I'll give you a shout ;)
PS - I didn't suggest you were "a shorter", quite the opposite, I told someone that even if you were shorting, it would be for an irrelevant amount of money anyway, and not worth a moments thought. I've got no problem with shorting anyway, and you'd be risking much more than someone going long, by doing it on this, feel free ;)
Hope this helps clarify everything - so no need to reply to me further - if you do it'll just be obvious trolling to which I won't waste any more time on.
Comprehensive review of the fundamentals there. Thanks.
Thanks for the base case Rich. The issue to have in mind is that value of our pound is going down hill fast. It may soon be a race to get out of cash into stocks again. It looks as if the short positions are getting closed State side as I write. Looks like the wide boys do not like me writing about their $7M short trades in particular ETFs. When you shine the light where its dark, lower forms of life often disappear. Enjoy the weekend everybody Tony
$14,000/t is the feasibility study base case number used Tony.
I wouldn’t waste your time worrying about contrarian…as he was recently telling us he couldn’t afford London prices for a house so I don’t think him shorting this for 20 quid is going to make much difference to the price of fish ;)
Contrarian
The World Bank have been absolutely spot on with nickel prices. They predicted a 28,000 price spike in 2022 and it falling back to 21,000 by 2024 and they were correct on 2020 and 2021 prices. HZM have run their projections below $21,000 /tonne if memory serves me correct.
I believe your bet is mine delivery delays or problems. I was quite impressed with all the planning the company has done. Risks are always present and none of us do not know what we don't know. I will be taking my chances that any problems are immaterial. I can only thank you for delivering discount prices if you are in the short brigade. I will of course be buying lots more.
The delays in the green agenda have been to do with green washing by certain companies and HZM avoided those elephant traps.
Tony
Dr very clever but I am not your macro guy. The transition has already stalled in my view as governments around the world are scrambling for coal, LNG etc etc. The oilies I invest in are minting it.
Your 2nd point - honestly I don't know neither do I care.
I look at the company and the fact that they carry this risk which is construction risk at the moment and the headwinds they face regarding the deceleration of the green transition plus inflation and see it much lower than they currently are.
HZM were behind the curve with finance and are now paying the price for it.
This is an extract below from a fund I invest that has a lot of solar and wind asset investments. It refers to the UK gov energy strategy. I believe the same to hold true across the world. Governments need to get elected they will not be if they have people living in fuel poverty and having to subsidise green agendas and nickel batteries for your Teslas et al. They will capitulate and not invest in the transition as you call it as heavily as they would have liked.
"High energy prices have led to the failure of a number of retail supply businesses, contributed to a wider cost-of-living crisis and high inflation, and have resulted in increased levels of fuel poverty and reduced industrial competitiveness. Reconciling the objectives of energy security, the decarbonisation agenda, and the cost of energy remain the key challenges at the heart of energy policy. The recent energy strategy did little to provide detail on how these potentially competing priorities will be balanced."
Contrarian, some questions:
1) Do you think the transition from the carbon based economy to the 'green' economy will stall? If so for how long?
2) If you think it will continue do you think there will remain high demand for nickel, lithium etc? Or do you see a novel technology destroying demand?
The kind of idiots that can predict the market better and make money.
ETF short activity on rare earths, nickel miners and anything that could be linked to green revolution, climate protection or stocks that would become vulnerable if normal relations with Russia resumed are being shorted through the ETF indices. I wonder what idiot is behind that wonderful move to short the pants off metals that are critically needed and in short supply 18 months down the track to create the next wave of inflation. I added at 122p as I planned to do so the other day. Still hold cash war chest. Its painful seeing losing positions, but will now add when the shorts starts closing off.