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Good afternoon Clever T ,
Likewise. In my humble opinion the big jump in share price will be when production is fully up and running.
It's a waiting game but hopefully patience and perseverance will be worth it in the end .
Have a lovely afternoon folks ,
Hairy Futtret
Yes-he has been buying very cheap HZM shares:))
Thing is .....Lawrence might be right !!
Lawrence you sounding like you're from the local market stall
Lawrence you doing like you're from the local market stall
Personally, I'll be holding on to my shares till at least production....that's the intention anyway.
A sensible and common strategy is to sell some just before news and then buy back in once completely derisked. I would suggest however that it would only apply if you had doubled or trebled your original stake… clearly as that has not happened here in most cases, (daytraders senario explained above) unless you were selling some from 4p or less. It would make sense to some investors to sell a few and bank some profit.
I actually think it is naive to suggest that people should not be selling at this point! In the right circumstances it makes perfect sense.
My own circumstances are I have an 8p average so I will be holding for a considerable time and expect to make a very tidy sum.
ATB.
I topped up by about 20%..at 8.54..sucked in at the top as usual......
......except I think its now pretty much inconceivable that the mine doesn't get built.
Early Bird Tickets On Sale Tomorrow
Set Your Alarm Clocks To Snap Up The Bargains
LIMITED OFFER WHILE STOCKS LAST
This is 1 0 0 % G A M E O N
2 W E E K S MAX
AIMHO
The Future Is Bright ~ The Future Is HZM
Right Place ~ Right Time ~ Right Resource ~ Right Now
Only 1 Major Problem … You Have To Be In It To Win It !!!
We were told the off take was almost complete in March. And this is the first part the banks want to know about. We were told 60/70% off take agreed which will no doubt go to Glencore. I think we might have a few weeks over run on finalizing the paperwork if the banks are slow at signing off on the debt financing.
Financing is a done deal, and so is offtake. There is no way a ECA or Bank would give you finance without an offtake. You cant say we have a great project economics, and there is a nickel deficit going forward. They want to know you have a GUARANTEED income steam to pay back the loan. The most critical factor someone who lends money is "will i get this back as planned and without stress". Think of buying a house, the bank won't give you a mortgage without a salary/payslips (offtake) to pay the mortgage (project finance). All about de-risking for insinuations.
They could be waiting to announce this remaining finance, offtake for a variety of reasons, such as building up anticipation/SP or crossing the t's and dotting the I's etc. IMO its done, sit back and just wait for that Monday RnS.
Just to qualify - I'm not disagreeing with Q3, I'm disagreeing that this could take 3 more months. As the posts overlapped etc...
Disagree, think they will be building by end of year therefore finance will be closed well before. They are on a timeline to production here, that's what I was told at beginning of the year (there is a window to get this built and producing - not sure what the driver is there, perhaps Orion royalty or something else). Financing won't take 3 months. My sources suggest jostling for position at the table. No shortage of interest. All IMHO
Not sure it’s fair to say JM is buying time with the Tranche A news and stating Tranche B news due towards the end of the month.
Nickel is well over the DFS base case and projected to be higher in next couple of years by industry analysts and big miners, hard to figure why getting equity will take along time. I’m sure discussions with various parties has been on going for a while. Debtors will be fully briefed on progress I’m sure.
As for Offtake agreements, those parties will be chomping at the bit to get things signed off, if one takes a look at the depleting Nickel held at exchanges. Don’t think we need to put out the begging bowl. News will come and I tend to believe it will be favourable. JM always maintained that this was the easy part.
As had been said news flow will come out over the coming months as a consequence of actions in the next few weeks. (Construction orders, site preparation works, additional approvals, construction and delivery timelines etc).
In the meantime we have a major derisking hurdle crossed. Those institutions/funds interested in the sector will now be able to buy in. Sure PIs will sell some shares, but I personally doubt it’s enough to satisfy demand from institutional investors without the price rising to entice sellers.
If, in addition news on Vermelho is forth coming, well I’m sure it might help the SP a bit.
Anyways good luck all holders.
Exactly what I was thinking by flagging up 2 creditors, he has bought time. I also think JM has RNS'd what he can to apply some leverage to those dragging their heels
Another 3 months until we get the full picture by the sound of things. Lets hope the SP does not take a 3 month break
The bank debt piece will be conditional on the other pieces of equity and offtake, as we have heard these aspects are at an advanced stage. Also the first money to be used for construction will be the existing cash in the bank, then the equity raise money, then the ECA debt, then the bank debt. Thats the cheapest way to construct and also the lowest risk to the lenders. That’s the way it will work.
So it all needs to be in place for the funding to be complete, the banks will release credit approval but it will be conditional. So I expect the final parts to be quickly closed off around the end of Q3 when credit is approved.
I think we’re about to find out why things have taken longer than expected tbh… JM is going to deliver more than we expect IMO.
The banks may now be happy to provide a larger debt package now they know $146m is guaranteed by the ECAs.
Amongst the euphoria of the credit approval, there will be some who picked up in JM’s interview that he’s bought himself more time to close the offtakes and other pieces of the financial close by “the end of the year”. JM no doubt has many skills but showing any sense of urgency is not one of them, there is more on display behind the counter of my local post office. I can’t believe the banks can reach credit approval without a clear view of the rest of financial jigsaw, so don’t get really why the rest of paperwork is not ready to go, they’ve had ages in the last 12 months. Whoever the new strategic investor is, I hope we get some new board members and maybe a new chairman to drive things forward at pace. Things are all a bit cosy currently at HZM towers IMO with no one investor clearly driving management.
No retail investor would be selling now, unless you are day trader who cant wait under 20 days max for the last piece of the transformational news. Someone big is constantly selling.
Anyone lend me 20k, promise Ill give you back 22k in by last day of the year. Return of 10%, which bank will give you that!
Then there is our largest shareholder, we seem to be its only nickel interest. I’m getting the hang of this Tricky.
I am down to my gums Luke:))
The institutions will be piling in once finance is agreed, just got to grit our teeth for hopefully the last time.
Strummer, generally I do not like conspiracy theories, but I do believe we are now seeing manipulation here. No one in their right mind would sell ahead of such a huge transformational and derisking deal. Someone wants the shares down for their entry point in the deal. If it is Cannacord again I hope they get allocated zero when the equity piece comes.