The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I still hold shares I bought in the aftermath of the 208 financial crash (Barratts@39p, Taylor Wimpey @11p, Johnson Service group@5p). I see this share being many multiples of today's price and outside of the pharma sector, which is pretty buoyant, there are plenty of other companies that will look great value in a couple of years time imo. gla
hindsight trading et al
dvharrison - the reason for some of us sadly already filled them at 5p-4p-3p+! But agreed if you had the cash now, what a time to invest. Dry powder for just such a time but alas for many it is just too tempting earlier - I wish I hadn't bought £100k in the 3-3.3p range when of course you could have it at the 1.6-1.7p range!!!
I'm happily building a stake here at these levels. We'll look back next year and question why we didn't fill our boots at sub 2p.
I think anyone who's here at this price knows the value... he can spread what he wants... it won't work
My sense is Ivornoney is subtly spreading fear so I'll try not to bite :-)
Nickel will revalue. Economies will recover. It is a nasty epidemic but it won't be around forever. There will be fallout (wouldn't want to be invested in a weak airline, for example, at the moment). Dollar will be worth less. Pound will be worth less. In due course Nickel (ferro or battery) will be worth more. As will other commodities. I'm trying to spread investment across a basket of industrial and precious metals as I see value there in due course. All IMHO.
Indeed, but it shouldn't be hard for nickel to gain against the $:
"President Trump has signed the largest-ever US financial stimulus package, worth $2tn (£1.7tn), as the country grapples with the coronavirus pandemic."
$2tn one assumes is significant and anything with physical value, like Nickel, should appreciate against the $ in due course.
Or Orion could just snaffle up the lot.
When the Orion deal was done nickel was $16000 a tonne now its $11000.
Its needs to get back to $14000 before they agree funding.
Yep it’s a plain old stainless steel mine and Orion gave HZM $25 million to progress it, I doubt Vermelho (the battery grade nickel one) has gone unnoticed by them.
Ivornomoney are you in the right place? :-)
This is for stainless steel products not batteries.
Good post Wassa, also don't foregt Guys... Orion have 25 million invested here.... they will have timeframes written in the contracts.. I know you might think we are forgotten about but we are not!
Plus we havent got the costs all other producers have and we were never going to this year anyway. So it's win win.
And of course the best one - investing in commodities hedges inflation risk and GBP risk. I see inflation coming. Assuming any of the money the govt actually promised is distributed by the banks - it seems they are less willing to lend than the govt would like them to be. Wonder why.
Agreed financing is likely to be delayed
Agreed that doesn't matter (unless people need cash right now)
Everyone is de-risking at the moment so short term this will manifest as a delay, but long term viable projects will not be affected - long term. If you need the cash (from Horizonte shares) today, bad luck. If you don't, I don't think anything has materially changed as long as the company has cash to get through to financing, which it indicated it does. Somebody needs cash and is selling as Craigieboy says could be a fund.
I am super happy with my investments:
- I'm not invested in banks (for once!)
- not invested in airlines (have been previously, not a good sector right now)
- invested in commodities miners which will all be needed when the infrastructure projects come online
- and of course crucial is - not to need cash from these investments in the next 12 months+.
So I see a delay here but no more risk than before, personally.
At least the govt aren't telling us to cancel our dividend!
Would like the mgt to be transparent about progress and timescales, however. Will be looking forward to updates in 45 days time.
Sorry 'to do it up to sell it'
Ivornomoney q2 this year.. q1 next year... what difference does it make?
When this is 10p plus... and Tesla or others are all over us it will make no difference.
I think everyone's plans are on hold at the mo... I was just about to buy another house to do it.. went right through the mortgage, feed some funds up... Solicitors and Estate agents have closed..
I bet financing will now be delayed because of Covid-19. Get ready for the Q1 next year RNS.
Agree, with the financial news coming in May/June. offtakes, possible partnership later in the year etc it's going to be exciting being here. I'm 100 % here for the long term now, even up to production.
We have a product that is needed to change way we travel, greener and it is going to be in demand. Any free cash I have will be added now.
I have tried trading the past few months, been stressful to say the least.
Happy to be back here. GLA.
Onwards and upwards from here.
Craigieboy thanks for the thoughts very welcome as ever.
>>I wish I had cash for more right now.
Ditto that! Cheaper now than during the City Financial debarcle and I thought I was getting a good bargain then in the 1.7-1.8p range.
Despite this being cheap as chips I'm adding elsewhere at the moment just to try to balance up my rather overweight Horizonte portfolio. I agree long term fundamentals are if anything better (stimulus and what better industry to invest in than EV).
Another thought I had was there will an 'environmental benefit' of CV which might feed through into projects. Essentially the world is realising the benefits of not having lots of kerosene and diesel burning right now. We are shown pictures of before and after pollution levels in cities and countries on maps. This can only help the long term story for nickel - when we restart governments might finally get behind the electrification movement if not already.
I think the majority of ongoing work on the ground in Brazil is the detailed engineering for the various modules of the process and the final design piece in preparation for finance completion- design would be taken to quotation stage with potential suppliers at this point so orders can be placed very quickly. I think this is the current work of the PM and his team. From a cash burn point of view even though a team of 10-20 would be likely the relative wages are low in Brazil.
Ref the sell off - i still await an RNS to show which or all of the funds have sold all/part of their holdings- I think we have distressed selling to cover fund redemption's thus they have no option but to sell assets, its like the Woodford situation. The sells are too persistent and no PIs are selling this volume down here, it must be funds.
It creates such a buying opportunity right now, in basic principles the company is better funded than ever, has moved the projects forward with one fully permitted and has Orion in support, despite this the share price is at 10y lows and potentially at or around cash value, its crazy.
Even with COVID19 currently impacting short term demands, the medium and long term remains unchanged and in fact may look more positive with all the stimulus packages announced and still to come. Finance for Araguaia may in the end be more easy to achieve which would be an irony.
I wish I had cash for more right now. 2% will have to do. GLA
Been adding miners too but not horizonte and not such large trades. Dont have proper money to invest at the moment (would you know it virus affects cashflow!) but if I did wouldnt hesitate at current prices! Good luck themuir surely we are at or close to bottom now - must be valued at cash. Cheaper than my buys in City Financial sell off.
Wassa, was it 6 banks wanted to invest and Orion too? This should be our next news.
I think miners are the way forward now.. any money I have free is going here.
pickedpeck - honest answer is I don't know. We didn't have much detail on what was going on on the ground of Brazil (I was rather hoping we would hear some progress in Q1 on exactly that!) so I'm not sure what was planned, and what has taken place, and hence whether we are on plan.
I thought the recent RNS was more of a 'we're ok and have cash' type message really than specifically something you could read much progress into. It has to be said news has been relatively light between Vermelho PFS and now so it is hard to know where the pre-buildworks have got to.
Wasa... The RNS on the 17th said 'On the ground in Brazil, our team is well prepared to continue their work while at the same time ensuring the safety of those in our employ as a top priority'
That implies no change in planned program activity so far. Has there been anything to say construction has been delayed or disrupted? I think we have been assuming there is but maybe as the RNS says that's not so.