George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Thanks guys, very interesting perspectives. Agreed it is hard to call short term. I notice Bank of America are predicting the worst US (and one assumes by extension global) recession yet as a distinct possibility.
The nationalism concerns are very real - of course the world was already somewhat on that trajectory. One assumes countries like Brazil would generally like inward investment in any case (vs the bigger economic power like China / US etc which might try to isolate) but I suppose in a world where natural resources become vital and currency is relatively FIAT who knows. For example Brazil and Russia are very mineral rich. China and US want those resources.
So interesting times. Wonder when we'll hear something more from the co. I think everyone accepts that at the moment they are buffetted by much bigger forces, but still will be interesting to hear JMs take on what is happening around the world, nickel markets, and the company itself.
We may belong to someone else by then (yes I am always hopeful) 20p plus the lot.
Wasa - I think if the pandemic comes to an end a lot of shares will get marked up in the same way that many have been marked down. I don't believe trading and volumes of shares being traded have driven the prices down. That being said no one really knows what the next normal will look like.
Personally I suspect that massive spending by government will be necessary to restart the global economies. At a macro level it would be logical to assume as some have suggested a kind of 'green new deal' rather than choosing the revitalization of the carbon economy. That can only be good for HZM asset valuations in the long term, but it is not without tangential risks.
It is possible there will be a wave of new nationalism, some examples of protectionist behaviour are already surfacing and the tensions between rival economies may get a lot worse in the aftermath. (Russia vs Saudi, vs everyone else, US vs China, UK vs EU etc). If that is the case then global trade will inevitably be badly affected and we will be looking back at the globalised world economy PV (pre virus) as a golden age of trade and wealth. What Brazil's attitude to foreign owned mining companies in that environment will be is very hard to predict. Will they encourage inward investment or will they put the border fences up and grab national assets in order to rebuild a damaged economy? A lot is unpredictable.
I'm betting (and it is a bet) that the work in clinical research for mitigations and vaccines will bear fruit quick enough that the new normal will have a chance of resembling the old normal rather than being a post apocalypse reset.
Wassa, we are at rock bottom and as you know the news, financing and off take agreements, possible buy out/partnership etc. Its very hard to put a price on where i think we will be.
I do know however that in the next 12 months we will be X 5 this price 1000000000000%.
Wasa,
A snippet of positive information from the company with regard to funding, other progress activities etc, or a flurry of buying at these low prices (Nickel is a top investment metal for the future, the reason we are all here invested!) and we can sail past 2.45p at any moment. Would expect a descent recovery in prices as the year progresses after all progress in the EV market is on the cusp of an explosion as combustion engines are phased out (and will be forced to be). And the timescale for green energies is becoming more urgent as the latest information on global warming (glaciers melting in both Greenland and Antarctica is a hot top at the moment) does not look good. The deadline for phasing out the combustion engine will be brought forward in many countries in my opinion, there's no time to sit back now!
For what it is worth I'm looking for a ( minimum) 50% return on the shares I've bought recently at between 1.6-1.8p by the end of this year. Maybe a tad pessimistic but there are likely to be macro economic factors in play linked to the coronavirus
Interested in opinions of what people think the SP will be in July 2021 - that's a year or so after financing was set to be complete. I ask because realistically I will need to sell the tranche of shares I bought at 2.45p around that date.
Anyone see lower than breakeven? Do people think finance will be done or dusted, come hell or high water? Appreciate this is a bit random question at this time but genuinely interested in responses - I think some people will be taking trading positions in companies like Horizonte now with not necessarily the super long view so might have a view on the above - an expectation of a return from current levels in short to medium timescales.