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I do wonder what it will actually take for people like KRSS to realise this is all over. Obviously a 99% loss and being short of a billion dollars doesn't cut it. So ?
Project NPV has risen after investment, imo it’s still going to generate value for shareholders in any scenario. It is something happened seldom but resource is intact, probability is high for returns to shareholders
It will be enough when the Publican or Contrarian think it is enough. You spammed the board daily. Everything you said did not come to pass. Everything they have said has. If anyone should not be posting its you. People like you are still floating theories as to the outcome, so is the publican and contrarian and they are fully entitled to keep posting their views - which continue to be right by the way.
Enough is enough ffs , move on !
ThePublican777
Posted in: HZM.L
Posts: 1,208
Price: 3.25
No Opinion
RE: Humm20 Mar 2024 12:52
I did sell this morning average 7.7P
Roughly lost 25 grand as had 200 grand invested
Was very surprised to get out that price as I sold all within 3 mins in chunks
I then saw the letter from the contractor that said HUM owes them 27 million
Wow !
I made a lot on Shanta and trading after I left Shanta 13.2P
I now have 175 grand left it’s not the end of the world
It’s another lesson nothings nailed on and AIM is full of crooks
I am now never investing in anything again and I’m taking my pension out of my hands something I should have done a long time ago.
I feel relieved and lucky
If you look at my posts over there you’ll see this is all accurate
Good luck here and that’s my final message on bulletin boards
This really is goodbye and good riddance to AIM
Really sad to see what has happened here. First invested back in 2008 and very luckily sold at £1.50 as needed funds for extension on the house. The remaining funds I invested in crypto currency which have more than quodruppled in value. High risk but so is the AIM market.
$97.1m. Imagine that. Go large, they have. Lose it, they did. Reckless gamblers, they are.
And just to point out the obvious, Karim Nasr was issuing a cautionary statement to La Mancha Investments S.à r.l. (“La Mancha”) - the organisation he previously led - that they might not get all their money back, when those cautionary statements were RNS'd.
The irony being, that prior to 10 March 2023 a date on which he resigned from his director role from La Mancha Services Ltd, he was a director of La Mancha when they made the investment.
I still maintain - much bigger players, with much better information than us, got it wrong. Gambling? Yes. Was worth a punt? Yes. GLA
That's the point, what's a positive outcome for recent shareholders & those who've averaged down around the lows will be totally different to those holding at £1.50/£1/or 50p !
So Publican stating its going to zero & everyone's getting wiped out is pure scaremongering as he doesn't know the funding price just as none of us do, the company itself included at this point in time.
The man's not even invested, yet spends much of his time here monotonously lecturing everyone on the perils of investing in a high risk junior mining company that's already lost 99% of its value, as though we didn't already know 😆.
He pathetically pretends he's some kind of saviour on a ridiculous mission to help hzm investors cash in their remaining 1% and see the ill of their gambling ways.
Unfortunately, the man doesn't appear to understand the vast majority of us are fully aware we are invested in a high risk AIM junior mining company and we are willing to lose the remaining 1% and punt even more on the outcome being more positive than the 1 or zero pennies he predicts.
If he's not careful he might end up owning the entire company lol - A big whole in the ground and some assorted machinery and a ton of liabilities
I see my handle being used in vain lol - I also see an incurable gambler - For the love of all that is holy to you do not listen to the gambler.
What, the publican posting factually incorrect or misleading statements? never.
If you bought shares at 3.7p and 3.6p on the prior days to those cautionary statements, and only on those prior days, and a finance deal is done, I think you might see a very positive outcome. Ironically I recommended the share exactly then to a couple of friends non-holders and explained it as a binary bet - deal you (probably win), no deal it's 0. They took the bet. Being gambling types.
For those of us with averages 100p+ then yes, I believe deal or no deal going to be hard to see a positive outcome :-) The problem is the cautionary statement mentions no average shareprice and why would it....
The Publican says " People need to read this ...They have stated even if a solution is found current shareholders get nothing "... But they didn't actually say that- they said any deal is unlikely to lead to a positive outcome for existing shareholders!
Now 5p/10/15 or 20p is not a positive outcome for the vast majority of existing shareholders so it's up to each investor to assess what the outcome might be.
I am, for example, betting on an outcome of more than 1penny and I 100% accept & agree that any deal will not be a positive outcome for existing shareholders but that's not to say the funding price will be 1penny , the definition of what isnt a positive outcome for existing shareholders could be anything from £1 to 1p.
Funding could as easily be at 5p or 10/15/20 or who knows what pence.
There's no point the cornerstones doing a deal @ 1p, If that be the case, then they would simply firesale it and not risk anymore capital having been wiped out but I expect a deal to be made at a higher than 1p price based on the projects attractive economics and I have as such been buying over the last few days as have other speculators gambling on a more than 1p outcome.
-111,
Well we are all gamers here, and that’s the point. Some are slightly more risk averse than others due to being burnt. Even yourself, but you came back and got burnt again. Each of us has to learn. Some are more thick skinned. You have learnt and now have retired from AIM. I too have learnt and when in a position will exit to. Sure others here will follow at some stage, but that’s up to them.
4-Apr-24 09:51:53 2.475 267,812 Buy* 6,628 O
04-Apr-24 13:21:53 2.175 400,000 Buy* 8,700
AIM is an investment. Well that’s a laugh. It, like a lot of activities, is a pure gamble. Putting a bet on horse running in the Grand National at 100:1 is throwing money away so why do people actually place that type of bet?
So is Horizonte a gamble, and what are the odds? I couldn’t myself work these out as it’s a combination of a straightforward gamble, accumulator and spread betting.
The market itself hasn’t got a clue, hence the current share price.
For those that like throwing in an odd £1 or £2. Well it’s 5heir money.
HI PUB it is there choice no one forces people to buy shares . I THOUGHT you was leaveing shares ,
You have a serious problem publican and so does your left hand when posting as contrarian.
Why don`t you just go and give it a rest. You are not a shareholder of HZM so stop criticizng genuine stock holders.
Your negative ramblings are so boring. FFS !!!
You are personal with wassaper. Why don`t you just get a life that is meaningful.
You remind me so much of trader465, another poster from Thailand, or have I caught you out? Must be a very, very, close friend of yours.
We will know one way or another by the middle of April as it says interim funding will be required by then.
Also very obvious what 'the market' thinks which is 0, company wiped out or 0, existing equity wiped out. The market can be right, it can be wrong. If it is wrong in the context of misunderstanding what the cornerstones can, and will do, and what the ex-CEO of La Mancha can, and will do in raising finance, then -> it underestimated the deal that was struck and the equity will find a new price based on that deal. We don't know. And $600m is a large number. Could clearly go either way.
By the way my contrarian view is one of a number of possibilities. I don't know if it's more likely than no funding and all bust, or funding but PIs wiped out. I don't know, and thankfully there is no decision for me to make on the basis I don't know, because:
- my 1m or so shares are not worth very much at the moment
- I don't have a further £1m to commit
So we wait and hope I guess :)
>>A company in a highly stressed scenario raising at a 900% premium - sure of course.
But the current price is arbitrary? Example - I buy £1m of HZM shares in the next 3 weeks. Sound far fetched? True, it is, I don't have £1m but I've bought that many before. atmo that gets me sthg like 15% of the company. There are _plenty_ of institutions out there with a spare £1m and they just need a whiff of a deal. What will the shareprice be if:
- 15% of the company gets bought in next 3 weeks
- the shorts close, because a deal is coming
Just wondering if there is a precedent for that?
The current sp is arbitrary - it has been lower, and higher, in the last few weeks. Cornerstones could put in interim funding of $100m USD in 2 weeks time, what will the SP be then I wonder?
The Company continues to hold discussions to restructure the group's debt in conjunction with seeking a fully funded solution and is actively engaging existing and new potential investors. In connection with such discussions, the Company is continuing to provide information to senior lenders, and existing and new potential investors (under confidentiality agreements), including the full financing amount. As previously announced, the Company expects that it will require additional interim funding around mid-April to implement such full funding solution.
"How much - what number? I think at a push it could be 1bn-1.25bn shares (4:1 or 5:1 dilution) at 20p."
A company in a highly stressed scenario raising at a 900% premium - sure of course. Any precedents for this you can name?
The higher the share price the better for everybody . Cornerstones , Private investors , banks , future II.
Easier to raise money and borrow against and even dilute . Although I do not want to see yet more shares issued .
It is in everyone’s interest , unless you are shorting it .