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I was probably one of those early posters and my optimism never waned. But I was probably under a different moniker. I dont post a huge amount sometimes for months so rather than remember who I am just put a new name in. I was definitely smeogol at one point early on and judging by your posts you were someone other than luke then to but I am going back maybe 6/7 years.
Interesting point re Erris , as you point out not an inkling of the move on Lithium prior to the Rns which as it is driven by both David and Jeremy in the same way they operate HZM. They do not shout from the rooftops about progress ( which can be frustrating) but what they do is deliver and often in the most unexpected way. Personally I like the fact that there is no spin or ramping up the company which makes it fairly unique on Aim. It is a bizarre fact that there are a large number of companies on Aim with no substance just promises with a far higher Market value than Hzm.
Still value will come out here and I suspect in the no to distant future.
https://www.weare121.com/121mininginvestment-new-york/
Wonder how the above is going?
The majority of investors who posted with me in the early doldrums of this share no longer post, they may have sold. Their optimistic posts have proved correct so far, as have their less optimistic posts sometimes regards ‘slippage’ on dates. Make your own decisions on your own research.
I salute DJ and Wasa in diversifying, wish I had diversified a little in Erris, which has some of the same great team running HZM. Erris investors did not see that transformative RNS coming, we may be the same.
LFP batteries will prevent stupid high prices in nickel, ultra high prices will encourage every man and his dog to start mining for nickel and stunt EV production. HZM hold a sweet spot in nickel pricing being in the lowest quartile for cost and of course so much nearer production than others.
You may all have to hold your nerve for the rest of the year and a bit beyond, or it could all change tomorrow.
Its just what you have to do to feel comfortable particularly when not just the markets but the world is suffering from Covid confusion. If there was a definite end in sight rather than a perceived possibility of an end to it all life would be a lot easier for all of us.
Dj I can only sympathise with you , I had a few pubs but sold out end of 2016 and i am so bloody pleased to be out of it right now. I still know a lot in the game and all of them are as twitchy as hell. Two of the pubs i sold will not make it through to xmas which is a terrible shame apart from everything else I think they will be lost as a country pubs forever.
However as far as HZM are concerned I have no worries and have picked up another and probably my last £80k worth over the last few days.
Meanwhile I'm slithering round like a gudgeon (bottom feeder) in a fish tank, scooping up the crumbs dropped by the big fish.
Thanks big fish :-)
No need to feel 'awkward' about doing that, dj; it's an expedient decision given what you've outlined and it's your cash to husband as best as you can, anyway...
Have been in that position myself in times past - I've shrunk the No: of my portfolio hldgs by 50% since Covid got underway with my remaining positions I judge to be the most resilient investments in these testing circumstances which certainly includes HZM, I have to say...
Good luck to you - sasa.
I did exactly the same thing sold £30k ,some yesterday and some today and like DJ nothing to do with the company , just want to hold more cash in unsettled times , still holding £50k , if it drops into 5s ill put the 30k back in , if it goes up from here i'll be happy with my 50k. I bet there's loads on here have sold just to settle there nerves a little ....nothing else in it.
A background buyer has appeared and MMs are pushing for stock to fill it as quite aggressive on BID
They aren't shaking anything, some seller is killing liquidity dropping shares indiscriminately.
Shaking the tree down below the 6p maybe. There will be a lot of stop losses set there. Rob the poor to give to the rich. Or rather, rob the inpatient to give to the patient.
Had this from about 4.2 to 7.1, then traded in and out for nil last month in low 6s, back in today at 6.4 - commodity up, share price down. Commodity up nearly 10% in fact on last time stock was that level.
goldmam on metals
https://www.bloomberg.com/news/videos/2020-10-27/goldman-s-currie-sees-a-commodities-bull-market-in-2021-video