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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.
Be a take it or leave it deal
You know in a funny kind of way I miss the days when LawrenceH posted huge spam blocks with all the HZM positives and his famous tagline last chance to get in under 10p, to think the share consolidated by 20 times, yet is well under 10p is saying something.
It says a lot about people like LawrenceH who held and posted garbage the whole time.
Think of the amount you have lost. That's how much you would still have if you had a clue about anything.
Have a good a day. Whilst I have sympathy for Wasa - I have none for you.
The more you debate 1 or 2p the more hilarious it is.
Currently I’ve not got a clue whether this will go bust or not, but it’s not looking good.
If a financial package is agreed it’ll be a take it or it deal. There will be no retail placing, no book building, it will be a case of them detailing what the total £s is to be invested by the cornerstones and new investors and how they are dividing the company between themselves. There is no point in thinking in terms of a share price as there is absolutely no way they can raise at these levels.
Why don’t you do some research you clown 🤡 lobster , you are a complete idiot!
LawrenceH wrote:
@Robdog67, you are spouting absolute garbage, you obviously have no idea what you are talking about 🙈
Orion Finance through their Fund lll recently subscribed to shares at a MASSIVE premium to the share price of the company they invested in
---
You are kidding right? Everything you have written for two years has been garbage.
All you ever did was criticise the publican and contrarian. They have been 100% right
You have had umpteen opportunities to listen to people who know much more than you do who got flamed with every post and were only trying to help. Had you done so you wouldn't be arguing over 1p or 2p - you would have got out with something.
You should apologise and move on having learned something for next time. It's crazy to see your denial - all it means is that you will do this again. Where do you think the publicans and contrarians knowledge came from? Because the are shrewd smart operators - of course not. They made the same mistakes you did, but they learned from them.
If there was any serious uplift likely with this share then the professional speculators would be buying hand over fist.
Instead , we have a shorting company owing 0.5% of the shares who think there is more downside.
That tells you a story 🤔
I suspect the banks have the whip hand here which is why the market cap is so low and hence the share price.
I think the share price is telling you that there won't be much left if anything , after the asset sale as the banks wil take all the monies. I don't think they will get anything like the full value for the mine. Companies never do when it's a distressed sale.
If a deal is on then the share price may rise before any announcement. In that way the placing price may be higher.
Time will tell who is right here but historical evidence says the placing is generally around the prevailing shareprice.
@Robdog67, you are spouting absolute garbage, you obviously have no idea what you are talking about 🙈
Orion Finance through their Fund lll recently subscribed to shares at a MASSIVE premium to the share price of the company they invested in
But if they announce 5p it will rise to 5p or more
The scenario is that you’ve been approached as a potential new investor by the company. Before you get to see the prospectus you sign an NDA. You also at that point become privy to insider information. You can no longer trade in shares of the company. If you like what you see what are you willing to invest. It’ll be about the future not current.
Rob, you say the 3 cornerstones will have to get wiped out to save the company but why would they bother getting wiped out only to plough many more millions in at a tiny fraction above zero pence ! Why bother....Much better to sell the assets and not commit and risk anymore capital if that be the case !
That way they'd see some return instead of being totally wiped out, no investors will be bothered about saving the company if its going to wipe them out and cost them many more extra millions.
It's Pointless.
Just sell the assets, even distressed, they've got to be worth £250/300 mln to the Saudis/Oman/Uae ect, possibly more if they're bidding against each other.
Settle the liabilities ( £200mln? ) and cornerstones /shareholders may be left with around £50mln, maybe 40p a share ? ( figures unknow)
So what does a cornerstones do ?
Option 1, Lose everything and plough endless more millions ? Wtf would you do that ?
Option 2, Accept a huge haircut but not a total wipeout and invest more millions ! Sensible !
Option 3, Do not put another penny in and sell the assets to the Arabs, Sensible !
Option 1 does not make any sense to a cornerstone ! No need to get wiped out and then plough endless more millions in, thats plain stupid, just sell up and cut the loss, and save yourself £100 or whatever millions.
Nobody will pay 5p when the shares are at 2p.
I still can't see them getting a placing away multiples above the prevailing price at the time of the placing Announcement.
In reality it just doesn't happen.
The price has to rise within the next 2 weeks to have any chance of a placing price above 2p
The 3 cornerstones will have to write their shares off and start again in order to save this company.
The banks don't care as they will get the mine proceeds from the sale.
You only have to look what happened to ROQ on Friday . They had to abandon there raise because share price went down from 7p to 4p. Probably had it earmarked for 6p new shares , nobody would want those shares if the price is now 4p .
Same at HZM , today will pay 5p when the shares are at 2p .
Wasa
the problem with that argument is that thinking it was all over 6 months ago, meant you could salvage 50-75p for your shares, now arguing what all over means is rather academic as 1,2 or 5p means you lost 99,98 or 95% of your investment
what would people in that situation give for 70p for their shares now...
Chess,
I give it exactly 100% chance you will collect a profit (potentially bags of it) if (and it might be a HUGE HUGE HUGE if) a deal lands.
And this is my narrative at is heart.
This stock is terribly beaten. Yes there is a huge chance a deal will not happen.
However, on condition there is one [ and purely for arguments sake] i give it exactly 0% chance that the deal would be sub 4.5p - it is pointless to the interested parties, that are invested in the millions.
I don’t think they will chase a pyrrhic win.
I think they are here for the profit margins.
I don’t think they are here for the totalitarian ownership of the mine.
And all three are deterrents from a wipe out dilution.
Good luck to you.
From a new nvestors point of view, it's basically like being at the initial funding stage as around £500mln is required, just production is nearer this time so arguably a more favourable situation than the first round of funding for any new investor.
LME Nickel
17711.00
3-month Closing Price
17,461.50
+233.00
The posters who think that funding will be automatically done @ zero or 1p are assuming that every interested party, and there will be more than one, have all stipulated a price of as near to zero as is physically possible or no deal.
I put forth that interested parties (think Gulf States) will be bidding against each other for a piece of or all the pie.
We all know how voraciously the rich Gulf States ( Saudia/UAE/Oman ect are seeking long term mining opportunities to diversify away from fossil fuels so this presents a perfect opportunity for just that as its long term & near term production.
So to think all interested parties will just present offers that result in the cornerstones getting nothing or 1p,is itself, fanciful.
Sure, all offers will result in a negative outcome from £1.50/£1 /50 or even 25p as per companies statement but 5/10 or 15 is possible, obviously the higher the price the less likely it is.
At 4.5p I get my stake back (after increasing my holding recently) and that would be a good result for me. I don't think it's an unreasonable target and I expect to see this price and more on interim funding in a few weeks.
Yes of course, even if a funding package is agreed there is no certainty it will be positive even from the current sp and that's the gamble we take.
If you believe the cornerstones will accept being 100% wiped out and still willing to pump many more millions in then it's definitely best to close out and if you believe that a funding package will not be secured then it's also best to sell out so it all depends on what you believe will happen with regards to funding.
Personally, I think the cornerstones will want more than Zero, or 1p to invest many more millions but that's just my opinion, the deal could as easily be worth zero for existing holders or there could be no deal & a firesale or it could be funded at 5/10/20p.
All scenarios pretty much wipe out existing holders as the company have pointed out unless they've averaged down or bought the lows, which brings more risk but potentially offers a way out without being wiped out.
Interim funding in April means deal will be done.
No interim funding in April means it's over.
I'm pretty clear on those parameters - however the terms of the funding deal still won't be known (and might still result in 0 to very close to 0 value left to existing equity)