Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Why not KPMG or PWC or EY or Accenture?
Even if Administrators are appointed, there must be value for shareholders, though in HZM scenario, Administrators in pipeline seem shady and unknown
😲 it's a pile of 💩 you will lose your 💰💰
I assume you are joking but I dont know why you would try to get otehrs to throw their moeny away. There has never been a clearer message that the company's shares ahve absolutely no value
Why are you posting on multiple sites about this - desperation?
Could be worth £1million in a few weeks
Nice
There's more to this story. Holding strong and topping up
You must be mad. You are wasting your money. The administrators will be appointed shortly when they finally run out of other people's money. It's pointless buying any shares now. There will be nothing left for the shareholders.
This is done yet....The slightest bit of hope and this will 100 bag
Loading up here
The only doubtful thing for me at this point is if this goes to admin, and the company stops to exist whether you lose all mining licences and what preparatory work has been put to it in that respect.
It's the only value left in the proposition.
The one assumption I am making here, which can be naive, is that if this goes to admin you lose it all and noone can sit for 2-3y to resume. You'd be looking at starting over with the brazilian authorities.
If this holds any water, then yes maybe some entity might be willing to come to purchase. I don't see them coming with a figure to cover former debt given that they know what is needed to complete this.
I further don't see the banks willing to get a nasty haircut and still the bidder leaving monies on the table for the shareholder.
Lastly I don't see the corners taking a bid just to pay off the banks.
So I think it will go to admin. The value of the mine is exactly zero, and they will sell the equipment for scrub.
Anyone interested in this in 2-3y would be with an outlook of first metal in 2032-2034 after regaining all licences.
Just a thought, but Glencore had committed to a 10 year offtake agreement with HZM for its nickel.
Now that the Company is on the rocks, can Glencore afford to lose such a vast amount of nickel, or does it have other reliable resource solutions. With Ni inventories to decline within the next 2-3 years as usage increases, prices will rise and the npv from HZM operation still makes viable economic sense. I suspect someone is going to make a huge killing here, buying up the Company at a huge discounted price.
Imagine the class suit if the BoD comes tomorrow, announcing a purchase deal of 500mm returning 30p to investors, if indeed fair is the play...
Of the back of that repeated resonating statement:
"The company does not believe there will be anything left for investors".
KRSS I don't know you mate, nor I want to pass judgement, but this is just being so much in denial mate. It won't sell at 30p. There is no such play.
Nickel is another Gold because of massive consumption in EVs, upside potential is massive and lower side is clampdown after sanctions on Russian Nickel which has crucial input 6% to 40%. Now at HZM, total debt $418, and $500 to $700m already spent on Araguia, and Vermehllo is funded upto feasibility study and more. How come BoDs has excluded shareholders from any out come conveniently? Even if assets are sold at $500m , that generates 30p for shareholders after paying all creditors. IMO, projects value is above $1.2B, after all maths, a hefty returns for shareholders, of course on fair play.
No, but should have sold then. Hindsight is beautiful.
What bought at. 172.00 ?
There are some heavy losses for all parties concerned so why would they not still consider their alternatives. Orion and Glencore are now in a cash rich position for this financial year. Together they could well save the Company, but at what cost to existing shareholders is anybodys guess
I’m surprised that is not suspended yet
I read the situation as one that the options approached are dead in the water.
Does this mean that all options have been exhausted? I think not.
Other options will now be considered but I suspect that shareholders may well be disappointed in the long run.
The cornerstones and the lenders could well be sitting around that table now, trying to thrash out a saviour programme. We wait and see.
Fundamentals point towards value for shareholders even on assets fire sale.
Have I missed something?
This is one of ten stocks I bet £100k on in the mini boom.
I did exit due to other commitments better opportunists within weeks.
But this looks criminal in so many ways. FCA involved?
The Company Does Not Believe It Will Be Likely To Recover Any Value For Shareholders
Is not the same as - it will likely recover value for shareholders? (Which it hasn’t said)
If anyone can read anyting positive into any of these statements you are living in a different universe. The vlaue of these shares equal Zero and the company is dead!
52 week high £1.72.
Today £0.0035
99.8% loss
And I thought I’d slice 😩
Remember 120 and was a good value back in times.so - 99% .