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robdog
that is really the point. anyone who invests in aim gets their noses rubbed in it. the question is how many times are you going to let it happen or learn your lesson, take the hit and never do it again. then, at least you learned something from the experience.
anyone who has invested in aim had quite s******s to themselves when posters here thought mgmt was looking after them or that they seemed very sincere when they met them at agms etc.
what happened here was not unusual. whether it was just a mistake we will never know, but the outcome is usually the same on aim. it's all garbage, poorly regulated and the people in it leave a lot to be desired.
by all means have a gamble, but ffs stop parsing aim rns's thinking you can rely on the info and make a positive investment decision based on it. if hzm teaches you one thing its that. every bit of positive speculation from almost every poster on this board over the last two years has been bull****.
Anyone unsure about just how serious & hungry the Gulf States are about moving into mining and taking market share off China - read the FTs " How Gulf States are putting their money into mining".
Full article available free .
I have said all I need to say on Hzm.
It's now down to the 👵to sing or other inviting proposal 🤔or 💩or 😭
Spike,
I did ask that people think deeply about this. You may need that coffee you eluded to.
So I’ll give you the answer.
The point I’m making is the company once the deal has been struck it will no longer be distressed and as Chess says there maybe more than one player having a look
Spike; Firstly, I never said any investor would bail out existing shareholders, so why you said that is difficult to comprehend unless you have not understood my post ?
On the contrary, and in line with the companies statement, I have stated that the vast majority of existing holders, who haven't averaged down or bought the lows, will be pretty much wiped out on any deal.
As for the Gulf States being interested in a half finished low quartile nickel mine, yes, most certainly. The Gulf States are frantically scouring the globe for mining projects to diversify away from fossil fuels. These are facts and you can check online as to the authenticity, you may also wish to have a look at who Glencores largest shareholder is !
As for the £500mln Capex, All projects have capex, so any new investor in any mining project will always have this so I don't understand what point you are trying to make saying it needs hundreds of millions ?
As for bidding war, as I have said, there will be more than one interested party and each party will submit their offer and it may go to a second/third round before the best offer is chosen.
If you think 1p or 0.5p will be the best offer, that's fine, no one is right or wrong until the deal is done and I'm not here to encourage anyone to buy or sell. I am merely sharing my lines of thought with fellow posters.
If I am right and the funding is done at higher than 1p then I shall be rewarded if I am wrong then I lose,simples, I know and accept the risk & quite like the current risk/reward.
"So WHY should the new investor who is part of the deal not pay accordingly in line with the de-risked company future value, maybe with a little discount?"
Because they don't need to as its a distressed asset.
"One can reasonably expect a number of offers from the various Gulf States"
Its difficult to begin to describe how utterly delusion this is. Anyone externally interested in this, will not in anyway be looking to bailout existing equity holders and the notion that somehow the Gulf States are desperate to start a bidding war on a half finished mine with hundreds of millions of debt tied to and hundreds of millions more is just laughable.
You really need to wake up and smell the coffee.
Chess, I agree that whilst negotiations are ongoing there will be many interested parties looking, some just looking, some chancers with lowball offers and the serious players. The board at this stage will have dismissed the lookers and chancers, and will be negotiating hard with those remaining.
There will come a point where negotiations are concluded and final offers are made.
A General Meeting of the shareholders will have to be called to consult and vote on the board recommendations. I think the board will come with one, ‘take it or leave it’, this is the best we could get.
I do not agree that....'it will be a take it or leave it deal'...as some posters are saying as this assumes there will be only 1 offer !
I put forth that there will almost certainly be more than one interested party and negotiations will be complex, running a series of rounds to whittle down a shortlist to attain the best offers.
To think, as some here do that there will be only one single take it leave it 1p offer is extremely naive. One can reasonably expect a number of offers from the various Gulf States and quite possibly one from Glencores largest shareholder, that's without any financial institutions who can also be expected to tout for business with production being nearer than it was at the first round of funding.
I'm all for criticism of the
company and hearing both the negatives & positives as long as they are relevant as a balanced view is acquired by being objective so I encourage the negative posters to continue putting their side forward and we can debate the pros & cons and we'll see which side was the right one to be on within a few weeks when the interim funding is announced or not as some suggest !
Thought for the day!
I’m going to state the obvious now, (which isn’t), but I’m sure a lot of people haven’t thought of the situation in this way, I didn’t.
The current company value is solely due to the perceived risk.
If a deal is done then that risk goes away. (Mostly).
So WHY should the new investor who is part of the deal not pay accordingly in line with the de-risked company future value, maybe with a little discount?
Please think deeply.
You should know I have more invested in gold than in hzm. Honest.
I also love the medium. All britanias one ounce mints. Aboout 15 of them i accumulated over the years.
Got to love yellow.
Mv, I do hope it works out like that ⏳will tell.
I did buy a very small amount so I would win either way , if it was 2p i would buy more and if it was 20p i would sell my small amount for a small profit.
I am a nice guy indeed. Hahaha.
Even if my wife thinks that half the time.
Again the whole narrative here, is like Dr Emmet Brown likes to say: you have to think 4 dimensionally.
Beautifully portraited by Christopher Lloyd.
My whole believe to a decent enough price, is that it WOULD ACTUALLY be done at prevailing price.
Who's stopping them releasing a series of RNS's mate?
Not just a single one?
Preparing for the big announcement.
What if come next week they come back and announce another 30mil of interim lending?
What would that do to the price? Last time this was done we saw 8p jump to 19.5p (even so momentarily)
But it did.
They have the pie and they have the knife.
They've seen the stock shift 99% down without pushing a single share.
I give it exactly 0% chance a raise will be sub 10p,
I'll even venture to say that I give it less than 50% it would actually be even less that 20p.
What I actually give is 99% chance admin,
1% chance over 20p, no other outcome.
Take me as literal for a sec, what price would you have given me if these are truly the odds? The only odds?
Rns's took the price there..
Rns's can bring it back...
I don't think it is for everyone to agree..
But i do think it is not that hard for anyone to see what i am saying here.
Shouldn't be a problem , as Rover has said frequently, it will be a take it or leave it deal.
You either going to have to take it or it will be Admin. What are you going to do 🤔🤔
By mine understanding placing new shares needs GM approval by 75%.
So ... There are big problem to place new shares by low prices.
I will ignore the insults but all I will say is time will tell who is right here.
I never said the price wouldn't go up , all I said was that the placing price would be around the prevailing price at the time of the announcement.
For Rover and Mv`s sake I do hope the price goes up . They are both nice guys .👍
At the moment you need to be be gold , silver and platinum, I am making loads in those companies and etf`s.
Time will tell ⌚ , the clock is ticking ⏳⏰
Robdog; Been in this game for 30 years so I know my way around !
Contrary to what you think, the winners will not outnumber the losers on AIM, you can only hope the few winners outperform the many losers.
Now back to hzm, lots to play for here, this could easily double/quadruple in the coming weeks on interim finance and it will rise again on funding.
I've opened some spread bets to average down and can only lose 1.86p on them so my losses can only ever be limited to a very modest amount whilst my upside is incalculable.
The odds look good at 1/2p per point and you will see why over the coming weeks when interim funding is announced.
Snotdog , I Hate liars , look at yourself in the mirror and take responsibility for your actions, you are vile !!!
chess, i have bought and sold a lot of aim stocks and i still have a some now.
you take your profits when they rise and cut them if they dip. i have about 10-15% in small stocks , the rest in large stocks , trusts , etf`s and funds and i monitor them like a hawk.
as soon as hzm announced a short fall in money needed then i would have ditched them and anyone experienced in aim stocks should have done the same. you have to be prepared to lose money and hopefully the number that rise out way the number that fall. currently aim is **** at the moment and has been for the last 2 years, but it will change in due course,.
the problem is you have to be in to win.
Nobody's clever in this wild game of chance, the clever ones don't play so there's little reason to gloat if you have gambled on aim.
Of course, you haven't lost anything , YET, as you haven't sold .
You still have hopes the share will get back to 70p, best of luck with that 👍
Lawrence, why are you such a horrible person and resort to insulting anyone that has a different opinion to you.
If I had shares at 2p which I paid over 100p for I would be quite humble about what I said about other people's opinion.
I would know that I would need to know a lot more about investing in high risk shares.
Did you not learn anything from your losses in HZM.🤔🤔
You’re extremely clever lobster , well done for acting so quickly and getting out
LawrenceH
The last thing I am trying to do is give you advice. If you had sold as I did in the 70s you view 1 or 2p as the end, total disaster etc etc.
As you are not an idiot or a clown you held on and now happily debate 1 or 2p or is this is end. I can see in your position it makes quite a difference.
If you were a clown or idiot like me you could have got 70+ for your shares. Imaging getting 70p as I did on news drop day. Or the many the people who sold the day after for 50p.
So, apologies, I didn't realise that if someone was so smart to hold until 1p they dont regard the end until it is 0p.
I don't think it could have happened to a better bloke.
Lobster you idiot child, do some research, I don’t know if hzm will get a Financial Solution, none of us can know that, but listen again idiot child, it is possible to raise Above current SP and it has been done FACT, your friend snotdog is a liar at best or deliberately misleading and giving false information on this bb implying that a raise Cannot be done above current SP and implying it’s never been done 🙈
Do some effing research you bell 🔔 end and maybe help your stupid friend snotdog to find the truth and facts
What will be will be with regards to HZM and I’m here to the end, I won’t be taking advice from you to cash in on my remaining 1% or whatever is left.