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ECA guarantees and institutional lending, are secured near SIMULTANEOUSLY. The other will ask where is the remaining funding coming from. Its one of the first questions they ask. Do not forget this is not a small ask, they are wanting to borrow millions, you shouldn't be surprised if it takes a few days/weeks longer.
Do I think tranche b will be announced? ABSOLUTELY - Hopefully Q3, but could go into Q4.
Debate is good and I respect your view. Were not for those recent HZM tweets we may not differ, but for me they have issued a signal, and I would consider it misleading not to deliver. Conversely, this is AIM and one could remind (me) thats the extra risk associated with AIM, albeit painful I would have to accept that. All be revealed soon enough.
If they miss end Sept does it affect much (assuming it comes in October)? No. Does it present a buying opportunity? Yes because traders will sell. Does it affect VWAP if so? We don't know because we don't know if VWAP is to be used.
I don't see why a day or two delay makes any difference to reputation. By all accounts and rights HZM have done absolutely nothing wrong and were likely told to expect confirmation by the end of Q3. However with covid ruling the world and time scales at present anything can happen and it will only affect those who are trading or want small margins, for LTH it doesn't matter the end goal is the same.
I'll 100% top up end of month if the RNS hasn't arrived, easy way of potentially doubling money short term on a small scale for other investments, my larger position is long term.
unfortunately, can be seen more than misleading in some quarters. When something doesn't happen, attention turns to who knows when its going to happen, and the inference is 'mates' instis or private know. Example, if nothing lands by Thurs at 7, then imo anyone placing a substantive buy Thursday on a fall, followed by RNS say Friday, is sailing close to the wind, and I think HZM would attract scrutiny rightly so. We're not there yet, lets see how the next few days unfold. They need to get the RNS out, its right and proper, a straight bat.
Day traders jumping ship. They will happily sell for 2% profit and 0.1% loss. No surprises.
I thought the RnS would be today but still 4 days left. After the last RnS, interview and tweets about tranche b in Q3. I would be surprised if we don't get it. I would actually say misleading by JM if it doesn't come.
Bwana, it’s obvious from the large sells that we are being held in a trading range, I am sure we will now see debt/equity at 11.5p - 12p , while I don’t believe that’s Fair Value for PI”S The Writing Is On The Wall, that said we will get a great re-rate from this level and with the frequent news flow that’s been mentioned we could easily see 28p - 30p + by Christmas.
Have a great weekend and remember :
The Future Is Bright ~ The Future Is HZM
Right Place - Right Time - Right Now
Operating costs sub $6800 a tonne one of the LOWEST in this sector.
These Globally Significant Tier 1 projects provide Horizonte with a SCALEABLE production profile of ~50,000m tonnes of nickel per year. This profile positions Horizonte in the top nickel producers globally.
Monday will be the day IMO...if we don't get an RnS on monday you will see some heavy selling IMO. All in all, this share will have decent rise for tranche b.
I expect off take and stragetic investor to be announced separately. As per JM we will have steady news flow over the next few months. Every time the project derisked we should see a tick. I think there will be a lot of folks waiting to see what diluation looks like. I don't see it happening under 9.5p l as I think JM hand is rather strong - two tier 1 projects ready to go.
I am sure JM is going to torture us with a Wednesday announcement-I hope I am proved wrong and it is Monday.Irrespective of the actual date, by Friday we will be (even more)significantly derisked and hopefully will also have been given a bit of guidance re offtakes, the equity issue and our key partners in this deal, though following JM's last interview I am not expecting full and final details on these until mid October early November.That does not matter-I get the impression they are in the bag with very blue chip partners-probably all our current partners, but hopefully a newcomer or two-a BHP or Vale would not go amiss.The more of these guys we can get involved now the more aggressive the final takeover battle will be. My key question (and I am sure the key question of many commentators here is "what number of shares and what price".I am still hoping a premium to make the single cornerstone $100m workout below 30%,but only time will tell.Once we know the fully diluted number of shares we can have a much better stab at realistic price targets four to five years out.I am still hoping that we can get well over 80p a share-very plausible if nickel is approaching $30k/ton by then, which I think is possible.If that occurs I believe EV metal stocks will trade at a premium to historical cyclical norms. Finally I think Craig or Picked made a very valid point a couple of days ago-let's not go too mad with offtakes at this stage JM, that will only hurt us later if nickel is pushing $30k/ton. "The future is bright-the future is HZM" :))