Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Hi Cleverthoughts-no averaging down here-lucky to have sold more than 90% of my holding circa £1.50 as I could not see a return in the next couple of years.
However did not see Martin and Co messing things up so badly here.
Better to buy shares in Glencore than here as they are the only ones likely to realise a profit here in the longterm
The company could be sold in a month. The only reason to do it quickly would be continuity, ie avoiding lay off and restart costs. An administrator would need a minimal care and maintenance plan to preserve the asset value, once all the contractors leave it will be a mess trying to get them back.
The cornerstones and debt holders will not want this in administration, value drops very sharply if that happens.
Couldn't agree more, it's all about the MONEY!! Greed and Money, filthy fricken money. We not talking about Venezuelan bolívar or zimbabwe dollar but damn sexy USD, GBP, or maybe even a some swiss francs.
"Bankers, Financiers, Lenders Generally all want to make money & the opportunity for them now has never been better." You lost your marbals or on a usual ramping spree? It about managing risk for the name above, and this is as risky as you can get. They have f'd up 4 times, do you get that?! It doesn't fill any potential lender with any confidence that the Snake and Retter can pull this off.
For that exact reason, Glencore is going to use, abuse, use again and then finally take it with no get out of jail free card or or the opportunity to top up every time it hits new lows. Please tell me you haven't averaged down again from 72p?
You have always been the Ramper and Chief of this stock, with a few times losing your faith but you bounce right back. Nothing wrong with writing it off or at least stop ramping. Doing a disservice to other naïve investors and tarnishing your good reputation.
You still are our honoree nominated hangman of the BoD don't forget. You'll hopefully get the opportunity soon. Don't worry I'll be there leading the mob and cheering you on. You have our unconditional support....
On the company website HZM is described as “the World’s leading nickel investment company” - someone as a macabre sense of humor
The company has also gone very quite on it’s other World leading asset -Vermelho !
What is happening here-could this not be sold off to help fund the “miscalculation” of the costs on Araguaia?
Who did the costings and if an independent contractor is there not a negligence claim against them?
A lot of unknowns but a valuable asset certainly. Glencore have lots of fingers in this pie….. it’s certainly complicated and offer of 25p would be their first attempt rising to 40p maybe. Unfortunately it’s a bit of cat and mouse stuff now but Anglo could be an interesting white knight….. we will see a bounce to 15-20p …. That’s on the cards as things get ironed out in the coming weeks…..all to play for. The ultimate source of happiness is not money and power, but warm-heartedness…be kind to those who fear a wipeout…however, I look forward to the resolution and an SP of at least 35p as funding gets the green light…..and then £1…
Can my 40 shares in HZM buy a happy meal?
I have, I think Musk is having to compete harder with the Chinese.
Aggregate demand is still going up worldwide. Now whether or not that's in part dues to different chemistries I don't know (someone on here will), and I'm sure China is doing a lot of the lifting here but overall EV sales are up and it's projected to stay that way.
I hate linking from my mobile phone so I won't but I'm going off the IEA stats.
Aggregate demand for Evs though probably isn't the biggest issue right now though, so a bit of a diversion. Sorry. Survival is.
I think the best outcome now for shareholders is a buyout good luck.
Let me guess "Seller out" sj74 ha ha
Think you are on the wrong chat 😉
Looks like MMs taking price up - PIs loading up
Only be sold via Sharepurchase.
I think still Glencore could go hostile and get the company below 40P
Is it possible that today’s RNS is intended to rattle Orion and La Mancha that they risk losing their holding unless they step in urgently? Even if it is I doubt it will work.
I have to say administration is looking likely - money is running out in six weeks.
Can a company of this size be sold in six weeks? Due diligence seems to take months these days.
I suspect anyone looking to buy the company will prefer to buy it out of administration and take their time. Any reason to jump in sooner than that?
Sadly the company is to blame for all of this. They went to the money markets with a firm plan to build the mine for sum x, and it turns out that the true figure is x +35%. Massive f-up.
Slurms, have you seen the serial discounts Tesla is applying to its junk? Nobody wants an EV anymore especially 2nd hand
Many insurers have begun refusing insurance, new regulations for garages specify that they have to be 40-50ft apart, car parks will begin to ban them to special sections because they are a fire hazard
The EV market isn't diminishing. It's growing world wide rapidly, feel free to respond with facts about aggregate demand daily telegraph pieces about the UK don't count
IMHO The lenders will be heavily involved atm. If funding is not forthcoming in 2024, they don't want to be left fighting in the courts in Brazil to get control of the assets. So, they will ensure that bills are paid, but also HZM do not make any new commitments.
Picked in al seriousness where was your empathy when I was making points you were ridiculing?
Maybe apologise first
Publican,
I propose a crowdfunding round. Between us we could get the 250mil. Wasa may have to live in a tent for the next decade - I may have to sell the Jag but hey it's worth it for a hole in the ground and some machinery above it
Latino I am a capuccino man personally
Catchy hey Clever ……
But let’s not ignore the true facts here, MONEY!
Bankers, Financiers, Lenders Generally all want to make money & the opportunity for them now has never been better.
Globally Inflation is coming down, even if they’ve had to change the metrics to suit Global Governments Agendas, interest rates are already falling yet the fundamentals of HZM have not changed which means it’s a Great Deal for new money to enter HZM even if it’s supplied by the current cornerstone investors as they can set new & more attractive terms for themselves and in the process Everyone Benefits.
I think, realistically speaking the FED will do an emergency cut of rates as something broke behind the scenes. That something is James Martin's reputation and Simon Retter's hairline. This will enable HZM to borrow at competitive rates in a currency of their choosing and avoid a shutdown of a resource so valuable to an ever diminishing EV market (especially the 2nd hand one. Have u seen how much a 1yr old Taycan goes for these days? - no-one wants the damn things)
Read latte part of this para from RNS, now if there wasn’t a chance of agreement with suppliers / cash preservations they wouldn’t have mentioned it including Q1 end funding?
As of 10 November 2023, the Araguaia Project had total liquidity sources of US$169 million comprised of US$131 million undrawn on the Senior Debt Facility ( subject to satisfying drawdown conditions ) and a cash position of US$38 million which should provide sufficient working capital to around mid-December 2023 unless there are positive outcomes from conversations with suppliers, other cash preserving measures, or other financing solutions, which if successful should provide sufficient working capital until late Q1 24 .
Spot on they what some 60% construction complete, 100s of £Ms already invested and spent, they are sunk too deep into this, bailing out now simply makes little to no sense!
Especially when you consider its so close to being built…with proven high grade resource and mining life of whole 28 YEARS minimum - extraordinary cash cow!
Contrarian. Seriously give it a rest. Taking joy in others losses is unhealthy and unpleasant, and having empathy and pity is more grown up behaviour in a civilised society. Maybe that's something we are taught as children that you missed out on, I'm sorry your childhood created such an urge to gloat and boast.
Some are really trying to ramp this..
Some are really trying to knock this