Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Plenty of money to be made by looking at the indices. Give you a clue SPX is at key resistance. Do your research you could go short for a pullback or go long for a breakout.
This obsession with AIM garbage is just unhealthy.
Give u more tips. Xi is meeting with uncle Joe. Maybe US money will start flowing into Chinese equities. Look for ETF's that track Chinese equities
For god's sake this is heading to admin. You will loose it all
Reading through the last 2 RNS's this doesn't sound terminal. They have every chance of sorting this out. With the m/cap down from circa £350M a few weeks ago to the current £21.5M this has got to be less than a gamble.
I think HZM are to some extent a victim of their own weazel words. Had they said clearly that they had shut down all works until further funding can be secured, it would have avoided the idea that Araguaia could go into Administration (or whatever the Brazilian equivalent would be).
Before panic is spread, for what is worth I think this is a good thing if we will take the RNS on face value.
Some cash is left reported as accessible.
A direct reference is given that is good enough to mid Dec [at current pace of reduced ops]
Then a caveat was given that this could last till end Q1 when finance will be agreed [break or make].
If you are the company, and you have small cash left, and you want to facilitate the timeframe to Q1 end. then what do you have to do?
This is essentially the biggest functional point of the RNS to me. It talks definitively till q1 for a go no go deal, and that monies don't last you to then if for full ops. So what do you do... the prudent thing is to stop what's not absolutely necessary and preserve the cash to the timeframe.
100% ceased work, nothing happening, no essential works
I'd be concerned if they were doing anything that was not in the budget (spending money they don't have)- this is good news.
It was myself the chap got in contact with.
Bear in mind:
1. English isn't his first language.
2. He's contracted to the job, but it doesn't mean ALL work has stopped - Could be the particular task he's working on.
But he certainly messaged out of concern for work stopping (as would we all).
Hopefully it works out for you and all remaining investors and gamblers.
On the telegram group, one user has been in contact with a contractor at site and the contractor is advising they've 100% ceased work, nothing happening, no essential works either :|
Take that as you will.
Feck you posting an irrelevant video by the Snake for 2020?
That's not heavily invested....
The Snake and Retter have been rinsing the company with huge salaries and millions in commission without anything back into the company. Zero leg to stand on I'm afraid.
325 mln S..
Directors Deals for Horizonte Minerals (HZM)
Announced Traded Action Notifier Price Currency Amount Holding
21-Dec-22 20-Dec-22 Buy Owen Bavinton 139.60 GBX 10,000 110,000
07-Apr-22 06-Apr-22 Buy Allan Walker 6.99 GBX 566,367 1,271,846
10-Dec-19 06-Dec-19 Buy Simon Retter 3.13 GBX 462,993 1,601,114
21-Dec-18 20-Dec-18 Buy Jeremy John Martin 1.82 GBX 225,000 2,028,908
21-Dec-18 20-Dec-18 Buy Simon Retter 1.81 GBX 138,121 1,138,121
19-Dec-18 14-Dec-18 Buy William Fisher 0.03 CAD 95,000 1,975,000
03-Dec-18 30-Nov-18 Buy William Fisher 0.04 CAD 100,000 1,980,000
03-Dec-18 29-Nov-18 Buy William Fisher 0.04 CAD 75,000 1,980,000
30-Nov-18 28-Nov-18 Buy William Fisher 0.04 CAD 150,000 1,705,000
20-Nov-18 16-Nov-18 Buy William Fisher 0.04 CAD 100,000 1,555,000
20-Nov-18 16-Nov-18 Buy William Fisher 0.04 CAD 100,000 1,555,000
Directors heavily invested here??? Jeremy is that you!
Thats why it was worded as such there is no news that was not given in the 23 rd Oct RNS
Just Chance for others to buy in cheaply
Buy price shooting up.
Relatively short delay [couple of months].
Massive profit ready as soon as building complete.
The directors are heavily invested here
two large holders will be very sad to see their money go to waste and will cough up AND BUY IN AGAIN AT THIS RIDICULOUS PRICE
Clever, well done for getting out, unfortunately I couldn’t get a quote when the announcement came & the next thing it was 70p then 50p and I decided for my faults to hang on as my average was £1.42 and I didn’t have the stomach for such a loss but obviously in hindsight I should have gone AtBest 🙈 but I really don’t like doing that.
Time will tell but either way I’ve lost 🤷♀️ the question is How Much?
I’m going for what I believe is damage limitation and I’m hoping for a sale as it finalises everything and takes the decision away from me 🤸🤸♀️
Let's say they did... what is the time element of the opportunity cost? Some people are boasting here that the extra cost goes a good 50m to double up for the added delay here to end Q1.
Imagine going to admin now now. will this take or not a good min 6m? I gamble it will.
So here I am the Glen Apex again. what's best? bid on this now, and throw 20-50-100mil [make your picks] or sit it 6m.
I simply don't buy the point that pre-package admin can happen fast and hand over the keys to Glen.
You are better off at avoiding it.
All they have to do is wait.
And a pre packaged administration is done very quickly.
I am horrified that he BOD have handled this so badly and very sorry for those who believed in them. Hope it does get sorted favourably for those invested, because clearly this will be generating cash for many years to come if it gets online.
Quote from Cebo-456:
(between zero and 50 million (20p per share))
just a small point to add on the positive, is that whatever they offered on equity, they get a massive discount themselves as they pay themselves a large proportion to their equity percentage.
On further point, again if i were to subscribe to the narrative "Here I am Glen, the big Apex, and I am here to get the bargain" the only risk I see putting some pressure on them to make some sort of bid to acquire all shares) is if the risk of the whole op goes to administration.
I don't think they will make an incredible low ball offer, risking not getting the vote, and the whole company defaulting and going to admin. To me this is key. If you made an offer you have to be sure you are winning the vote.
admin just takes forever. I talk here from experience, for the folks that may heard of fundingSecure.
It's just an effing pain to get something of value in admin. hence why I say... what might be an extra, 20mil, 50mil, 100mil?? you make your pick... for Glen to come here with a bid for the majority vote.
I really do not have them for fools to grab this in admin...
Not sure where i have been abusive is coming from. Always appreciate your input Lawrence. We'll have a brotherly connection for life with our mutual negitive experience with HZM, the Snake and Retter.
Zero chance this will be left to rust but will be taken over by one of the apex predators to the detriment of good PIs such as yourself.
Fyi - i sold at exactly £1 on the day of the dreadful rns with token profit.
THE FUTURE IS BRIGHT, THE FUTURE IS FOR GLENCORE.
Clever, everything has a value and a Nickel project that is Brand New, 70% Completed and has spent close to US$500 Million definitely has a value to someone so I won’t be taking any abuse from you!
To answer your last point, no my average is still 72p and I won’t be averaging down again and I have my own belief that for the reasons above this will either be bought out for x£?.. or financed as it does not benefit anyone just to Stop & leave it to rust, but that’s my opinion and not a recommendation to buy and definitely not ramping unlike you with your abusive trolling and de-ramping.
I get it, you’ve sold up and taken your loss and now you’re angry but quit the abusive behaviour, you’re not helping yourself or anyone else.
Lastly if nothing happens here, Everyone Loses, even the bankers!
Glencore market cap has risen by more than ten times the funding gap so far today. They will want the asset, it's just a question of how do they get it.
Widows
Any suitor will need $300 mil for the debt and another 300 to take the mine to production - the cost to aquire all shares is relavely small (between zero and 50 million (20p per share)). So the SP will be manipulated down and up for the next few months but would be a brave trader to buy even at those levels just now. Buy sub 5p and sell at 10p may be worth a call but not for orphans and windows.
Or even better Moneyman if one believes in mining's prospects they could just buy a fund like blackrock's BRWM which is at a very low now.
Instead they're all trying get rich quick schemes here