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Cleverthoughts
Nobody will give away the shares for 50pence ..most ppl here bought at 100 pence +++
That smacks of someone who is extremely bitter and defamatory
I wouldn’t dream of making remarks like that when you actually have no idea just speculation about the course of events
A 50p takeover would be a massive management failure and they would know it. I don’t think they will do that. Interesting times ahead.
Currrent budget is $537m with $439m spent as at end Sept there’s still lots of headroom and progress is obviously continuing at pace. I’m confident funding will be sourced and this will see a massive rerate, similar to the 86p to £1.50 in one month a year ago but we are starting from a much lower base this time. I think this will be one of the big AIM PI opportunities this year and a lowball takeover, say at around 50p, would be a shame due to the potential for bags. I feel for those that have lost money here but the drop is massively overdone. The cost analysis and line 2 feasibility study are both due imminently and should remove some of the uncertainty keeping this down.
Clearly only a few PIs learned their lesson of being bent over and used by the Snake Jeremy Retter and the BoD three times. The 3rd time everyone got royally screwed and your still looking for Jeremy and BoD to save you.
Th SP is where it is due to them, no one else. Just a few weeks before the sp tanking rns, Jeremy said on the call "on time, on budget, re rate expected" then BOOM we're at least 200m short and 12 months behind. In just a matter of few weeks this all happened!! Insulting everyones intelligence.
No funding is coming until the apex predators such as Glencore no exactly how much they need. It will very likely be more than 200 due to the fact Jeremy lies as easily as drinking a glass of water and its the way he operates - intentionally does raises at the lowest sp, and doesnt give a damn about you! He would sleep like a baby if he knew every single pi is homeless due to him. Why? Because it fits his character and has his millions in commission for securing an unfit funding "package".
They are extremely incompetent BoD at best or deceitful and fraudulent at worst. Either way your getting shafted again!!
Good luck to all and anyone thats lost significant money for them just know your not responsible! Jeremy, Retter and the BoD allowed this to happen.
I thought this was interesting
https://www.linkedin.com/posts/daniel-machado-5a8b85167_essa-semana-me-despe%C3%A7o-da-horizonte-minerals-ugcPost-7126163918367932416-HSbg?utm_source=share&utm_medium=member_ios
Here's your 15 minute chart;
https://www.tradingview.com/x/yQp9qRNy/
Obviously you are in for a swing but can see the masses of volume around 20p and the most traded price at 21.7 where the shares sold off to today. Technical bounce in my opinion, spouting takeover rumours or 'insider' trades is just narrative of price movement unless proven otherwise.
However, not being profficient in spotting these moves I can see how the price could oscilate between the 2 ranges of most traded price for the next few weeks prior to actual news as people trade volatility......
The clue today was in the volume - Put a chart up switch to a 15min timeframe and look at the volume pre-market and observe up to about 12:50 - That was the tell for me today. I don't know about any rumours or not but so many eyes will be peering over Rita's work it is 100% guaranteed that the info will leak. You'll see it in the volumes.
It may well be that this RE report has now been completed , and is now under review? From Last RNS (extract below) they expect by mid-Nov the cost report and independent review completed…for this the Senior Lender has independent advisors set-up to study the costs:
‘..Reta Engenharia is expected to complete its capital cost and schedule analysis report, following which an independent technical advisor, nominated by Senior Lenders will review the updated costs with targeted completion by mid Q4-2023.’
It does seem that even with funding requirement TBC the market cap had dropped to a bonkers low level, given the assets, being so close to completion and sheer investment taken to get it to this point. More than anything else market hates uncertainty so as soon as that's out the way with news it does look primed for a true re-rate.
Frankly speaking don’t think we’ll see under 20p again IF news of merger/funding lands….gla
If we go back to preceding days, as the price fell it encouraged more existing holders to add and average down positions substantially for a very low outlay. This was classic rope a dope resilience from holders buying. The average downs from 10% add on risk were taking off 50% on previous positions for breakeven on share holdings for smaller investors. The traders jumped on the bandwagon and as they got passed 25% or near to it traded out.
What everyone now is aware of is that 16-17p attracts stronger support both from additional buying of existing holders plus traders acting on the momentum afterwards. The ship is tight like a camels backside in a sand storm from within HZM and I do not believe the gossip repeated here. We have a week or so to go. Any pullback to 16-17p area is likely to be bought again early next week. The short brigade only have a few pence to play with.
Enjoy the weekend.
Tony
It was a good one wasn't it? I managed to grab a few at 17.3 and missed the 22bid ended up selling at 20.6
Many thanks to the Industry for engineering a great Trade, capitalising off the original genuine seller’s trade. Commiserations to all that had money taken off them during the process, but that’s how a Tree-Shake & the Stock Market works. It’s a zero sum game, you only make money by taking it off someone else & that’s all this was, a Tree-Shake.
Merger Monday
Merger Monday refers to the practice by companies of announcing major mergers and acquisitions on a Monday.
Hope this is also now our case.
No, just from another investor the buyout rumour. Added more shares today. Finger X, time make sense. Will see to get some more now
Small sells and big buys. Follow the money. HZM definitely doesnt have a tight ship when it comes to big news.
Pull the other one, the front running price action leading up to that last RNS has been widely discussed
Another push on 22p incoming
I thought it would just blow time for a pause
Hi Contrarian
What rumours? Obviously I’ve missed this!
I had 22p earlier - now 20.5 bit of a tree shake - weak hands and all that - this is not a blue chip to hold steady bids
20.4 on the bid. Make your mind up you said it’s too late if you didn’t jump this earlier!!
22p on the bid now - are we still talking about something brewing? because it looks to me something has been agreed