Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Ericb
Horizonte is in a reasonable position at the moment.
Araguaia is the warm up act IMO. The SS market for nickel might be 70% of current nickel demand but the means to supply that market is relatively straight forward. RKEF operations are ten a penny and relatively easy to build. Having said that Araguaia being in the lowest cost quartile puts it in a good position. It's Vermelho, however, that's the jewel in the crown and the one that, to my mind, is capable of propelling Horizonte into the multi billion dollar league.
If you missed this first time round here it is again.
https://www.dropbox.com/s/om8zi16s8airxkm/2021_07_23%20Supply%20disruption%20leaves%20MHP%20nickel%20refiners%20high%20and%20dry%20%7C%20Benchmark%20Mineral%20Intelligence.pdf?dl=0
It's the ESG dimension that will mark Vermelho out from its Chinese funded Indonesian based competition.
Araguaia getting up and running will safeguard Horizonte's future.
TDT
Agree with craig I think we will see the announcements in order now no choice probably due to the shareprice drop (for whatever reason we dont understand). I expect bank credit approval, perhaps as early as next week with rest wrapped up maybe early sept? Offtakes inbetween could be announced any time. So a bit of time yet and hopefully the shareprice recovers a bit between the milestones as investors (current and potential) establish confidence that the financing will happen and on good terms for Horizonte.
To me this is all very odd, given the advanced position HZM is at.
I’d say that the 2 mining assets alone are currently worth far in excess of HZM’s market cap, which is quite honestly bonkers! It does give me confidence however to stay invested though as even if for some crazy reason financing doesn’t go though (and I absolutely don’t believe this will happen) there is significant value in the assets they own.
In my eyes JM came across very engaged, astute and trustworthy in that briefing over a month ago.
Coordinating all this lot to bring it together during Covid etc must be a heck of a task. So it's all to easy to criticise from our comfy chairs.....
However, there are a lot of shareholders that gave supported and kept him going over the last few years. So the next post finance briefing will need to see him light on his feet if the deal upcoming is a poor one for their interests I susggest....
That said. The deal needs doing. Since as good as the assets are on paper, they are worth diddly to us sat underground and inaccessible.
Mine it, or sell it on. But clarify it as soon as you can to avoid the bleed please Jim.
We still believe. But patience of a nearing 50% SP drop is starting to grate a little...
Cheers
Thanks for the reply TDT.
From the outside, HZM is in such a strong position, especially with the current and projected Nickel price. I could understand if Nickel were languishing at much lower levels, they might have to do a deal at 5.5p. If Orion is the Cornerstone, surely Teck and Glencore wouldn't want to be diluted at these levels. Or do they not care?
A convoluted jigsaw to piece together. Hopefully, we will find out the answer next week. GLA
If we don’t hear anything Monday, I’m afraid we going back to 5p to say the least
Ericb
Horizonte is a very leaky share. We've seen this sort of thing before so it really isn't any great surprise. Cannacord were the culprits the last time.
I'm expecting an RNS Monday stating that the equity portion of the CAPEX has been tied up at around 5.5p. I think the recovery and climb north will be slow because I think the BOD's performance here will be rated as being somewhere between poor to abysmal.
12 months down the line with a share price 15p+ and this chapter will all be forgotten.
TDT
Co needs to come out with a RNS now and not after hours one !!!
A small $25m at 7.5p
Was I right to think that a huge requirement of $200m+ ( cannot remember the equity part required , pls remind me )
can only be lower because if the size of it ?
Big news or shafted ? Think the latter now as the way this has fallen does indeed feel like a leak
PLEASE BE WRONG!
TDT , I am not calm anymore :-)
Has there been a leak? It does look like the seller has returned this afternoon though. This drop doesn't make sense with the current nickel price.