Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
As mentioned yesterday, I have been building a position here over the last six weeks and reading this excellent board daily.
One subject discussed was where has all the recent selling come from .As nobly disclosed by a few esteemed posters I know some of you have sold decent chunks (Wasa I don't call your 318k a "decent chunk"!!) for very understandable reasons, but there has clearly been a very large seller out there for a while and I just wonder if we have some institution or institutions who are under the disclosable threshold selling up. My immediate thought was maybe JPM still have a residual holding and are still liquidating, but who knows, it certainly felt like a big seller. Another observation is that until the wider market really cracked this week, market makers, despite the seller seemed loathe to take this under 7p.
Anyhow nearly fully invested here now and intend to stay for the duration, hoping we do not get sold to early.I am a strong believer in the nickel story and love the pure play here. If we are right on nickel here and HZM gets close to production,I can see FOMO rallies kicking in on this, plus by then we should have the benefit of the institutionalisation of the share register-always a powerful and lovely thing.
GLA and thanks again for your great posts and honesty.
Bwana great post. I don't know of institutions selling but there are a few that disappeared under 3% and we don't know and probably never will whether they continued and are out. But a lot of shares now are in PI hands and some chunky holders and who knows when and if they take risk off too so something that might look like an II might actually be one or more PI reducing of course.
To all on the board, I am genuinely at times torn between wanting an exit presented to me sooner than later, in the sense of that offer - mainly because I don't think it can come in so low. But when you sit back, read all the articles (thank you Luke and TickTock and pickedpeck et al) about where nickel is going and what the potential is, you realise that the longer Horizonte can stay independent, and the longer you hold your shares, ultimately the more you will walk away with. Which makes the challenge relatively straightforward - you've done your research, you like the BOD, you trust Brazil, so you hold (or add) and stay patient.
Knowing that, I will find it very hard to sell any size down before 'the end' come what may. I think some of our own forecasts of what this company is worth and what the potential is will get revised (upwards) in years to come with where nickel is headed, providing always that we do manage to stay independent for at least a little while longer.
I guess I'm saying I actually can't bring myself to sell the shares, even if I decided todays price gives me what I need (or even 15p or 25p gives me what I need post financing) if you believe that by waiting 3-5 years you can double, or quadruple that (or more). At some point you have to take some off the table but not a good while yet and really the FOMO for nickel hasn't kicked in yet, but hopefully it will in the years ahead. Staggering potential and all mostly still not yet reflected in our mcap. GLA
Heard a rumour that they are changing name from Horizonte Minerals to Verticale Minerals.....any truth in this!!
>>Heard a rumour that they are changing name from Horizonte Minerals to Verticale Minerals.....any truth in this!!
I heard the decision was pending and will be released in the 'all important' RNS :)