Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Something on the Horizon ?:-)
Might want to look at mallee resources on asx;
https://malleeresources.com.au/investors/announcements/
Gives an idea of where broker target likely comes from. They had a 'funding gap' and couldn't get shareholders to agree to an equity raise. Now it's in administration pending a sale.....
I see increased volume and a tick up in price. Maybe someone know something
Time to let the breaks of and surge into the 20s
Does seem to be a momentum shift taking place here. We know the company has form for being a bit leaky so could potentially be early signal for positive news on horizon.
Good to see a Blue Friday for you guys!!!
If you think there are shorters left you are more naive than I thought you were when saying that HZM was going to 4 pounds or something
I had 70p as Fair Value as it would appeal to all cornerstone investors, that is just my opinion and Not a recommendation to buy.
This was hugely oversold and given the money already spent on the project to date & the fact that we are over 60% completed on the construction it is not an unrealistic expectation, Broker Rating 90p
Shorters selling £10-£1000 to try not to die right now :-)
Monday deal will bring us back to 50-80P range !
The next sharp rise will be when the Shorters try to exit 😂😂🤐
Difficult to resist when you see a Sea of BLUE ! No different to the Red Sea we witnessed a few weeks ago, in short nothing to do with MM”s but sentiment has changed. & about time.
Someone’s decided that today’s the day for a bounce, PI’s being worked well as usual.
The market makers have got no shares today for some reason unless hint of finance deal??
So if Peel Hunt have a TP of 30p..
That suggests a worst case significant equity raise.. (refer to Wasaruuner previous post)
BUT 100% uplift from here..
Anyone seen anything RE Peel Hunt Note??
What are the chances they can use the, imo, pointlessly allocated 16m$ at this stage allocation in vermelho to help fund the project?
So, we know cannacord & peel hunt think placing, which seems pretty industry standard.
Glencore are the offtake partner, tungsten west, have, got offtake partner loans along with other companies in the past so wouldn't necessarily rule this out as at least a portion.
Bridging loan is off the table given the high interest and fast payback demand.
Any other thoughts?
Same here, risky gamble but halved my average.
Hoping for good rns soon, prepared to lose the lot if not.
Money I can afford to take risks with.
GLA
Finally took 5he plunge to average down a little, two transactions of 50k and 100k shares.
Cheers. Interesting response with plenty to think about. I also feel a recovery is on the cards HZM has come too far along to fail now.
GL
>>So I'm betting on a recovery to former levels (at worst)
By which I mean, former levels in terms of SP being £1.50 I am betting will be achieved with either A1 producing at nameplate, or A1+A2 producing at nameplate. Not what anyone wanted we were here for more but running out of cash mid build and needing say $200m is going to hurt you somewhat which is what I am expecting to play out here.
Stringer you asked on the ACP board what I thought about Horizonte. Though shock at the massive drop (still think they should have suspended at the first RNS) for a variety of reasons I've reasoned through and others here I see the current stakeholder too complicated (5-8 senior lenders including ECA, 3 cornerstone investors) for either a full corporate restructure, or 'no finance deal' as being likely outcomes as the amount of funding required (say, $200m though we don't know the figure precisely) is still only something like 25% of total capex spend when all in, of which much has already been spent. It is c. half of equity already raised and c. 66% of debt already raised and nobody will want to loose what they put in (Orion, La Mancha) to another party.
In terms of the financing deal itself of course it'll be really complicated (we are obviously hoping for a lot of royalty/debt in the deal and hopefully less equity especially at current levels) but I think value will be preserved for shareholders, how much remains to be seen but I could live with up to 1bn shares in issue post finance because if that gets A1+A2 built you are still looking at a £1.50sp potential.
So I'm betting on a recovery to former levels (at worst) and hopefully better outcomes are still possible. That makes the current shareprice very cheap, obviously.
"I'll miss the original rise but get in on the second in good time before production."
That's your call and good luck, but the funding announcement will be significantly more impactful on the sp than continuing construction.
That's a great question,
My thinking is when the funding comes there's still going to be a while before the Construction is completed and that's the area/zone I'd like to buy-in at.
I'll miss the original rise but get in on the second in good time before production.
"Even though this is a tier 1 mine, I will still wait for funding before buying in."
I understand your concern Bebeto, but what price you buy when funding announced?
Fortune favours the brave as they say.
Way too much money spent here for it to fail now.
Good to see the SP fairly stable, there's been no more larger holder's selling down which bodes well for the extra funding.
Even though this is a tier 1 mine, I will still wait for funding before buying in.