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Fund also holds GLEN and Teck I notice....
GLEN their 2nd largest and Teck their 8th largest holding
Ta.....bookmarked!
Konwave AG 19,650,000
Nope....no joy
"Your all reading far too much into this - just a simple small prop shop taking a delta neutral position on the placement
Pretty easy arb to skim a small profit . look like their last position they took was on a similar sized uk bookbuild by cana,
wouldn't worry about it or dissect it any more than that"
The above is my post from 2 days ago ... so yes I'm very familiar with different strategies employed and I would expect nothing less - but the CLN are priced at 8.75 so unless I see any sizeable positions taken by parties linked to orion or la mantra over the next few weeks any further noise is pocket money for small traders. orion and la mantra will be looking for the core of their return from equity as they don't hold any secured debt. this situation for example is a lot different to say Gulfkeystones many moons ago.
@jamesdean
If you think that the only way majors are making money is by bying shares at price x and selling at x+y then you are mistaken. There are so many other ways to extract value. CLNs are one way of achieving this. There are others
"The only value that will out will be for the majors not PIs buying now"
Sorry I am somewhat by your post ? are the 'majors' getting a special price I don't know about ? as far as I can see new investors can currently get better value than the 'majors' by buying at 6.61p clearly giving them the opportunity to outperform even the majors... I think the lockdown may have confused/polarised your view of financial markets or perhaps you never really understood them in the first place ? I can suggest some great books if you require some help. do reach out.
As much as I enjoy Contrainian posts, some I find useful and others he is battling the board with his contrarian views for his own entrainment. Either way I appreciate views which are not an echo chamber.
I will side with the Orion and La Mancha on this one. We are La Manchas first direct investment into the base and EV metals space. I trust their due diligence more than my own and especially anyone here. No offense intended.
@jamesdean Value will out exactly the same mantra being touted by the cheerleaders here for months. The only value that will out will be for the majors not PIs buying now. You could wait to 2028 of course or hope that the nickel bubble does not burst
Can only get those over 3%...hmmm
Contra - I don't really quite understand your rational for posting other than boredom or to fill a void in your life, I appreciate lockdown was hard for a lot of people .
It boils down to 1 question ... who is likely to be correct - 2 multi billion dollar specialist mining Private equity houses who have stuck in $200m at levels nearly 10% above todays sp or some keyboard warrior from S****horpe spending his days tearing wings off flys ?
I think I know which one my moneys on ( have increased holding by 40% in the last week)
admittedly the market hasn't reacted how one would have hoped but value will out - anything short term is just noise.
Look on morning star.
?????
Konwave AG 19,650,000
They are increasing their position.
?????
Contrarian is proven to be unreliable with his statements. Nothing more to be said.
Konwave AG 19,650,000
They are increasing their position.
Contradictory non investable for pi so as you have a target price which ii do you work for. Or more likely your just a troll any chance of going back under your bridge until your 5p is reached. Gla investors regards jack
Yet the share price continues it's slow drip downwards.
I said it many times. Anyone buying in now is helping the exit strategy of the 2-4p shareholders. This is why I believe they are robustly defending figures that may be realised in 2028. When I said uninvestable I meant for the small PI.
Perhaps at 5p I will think about it.
The way things are going we are one bad news message away from it. This has happened before and it happens a lot with miners especially one that has no prior experience in building a mine.
NOW LOOK AT THE FACTS:
2 x Tier 1 Projects
100% owned by HZM
Significant scalable production ~50,000mtpa
High grade Nickel Resource
Low cost - US$6800/t - Critical Nickel now US$20,000/t ++
Low carbon
Fully funded - With Huge Contingency Built In - This is where the risk averse can really start to buy in, institutional or others.
—————————————————
Stage 1:
With Nickel Price US$16,400/t
Free cash flow over LOM US$2.4Billion
Stage 1:
With Nickel Price US$20,000/t
Free cash flow over LOM US$3.74Billion
Stage 1:
Nickel Price US$28,000/t as seen in 2011 US$28,250/t so highly achievable with increased demand through the EV revolution!!!
Free cash flow over LOM US$6.62Billion
——————————————————————-
Add Stage 2 Araguaia !! US$BILLIONS +++
Now look at Vermelho, 46kt/yr nickel and 2.8kt/yr cobalt a year for 40 year mine life @$25k/t Ni and $50k/t Co is $1.3bn/yr revenue or ** US$52 BILLION ** over LOM. NOT PRICED IN!
———————————————————————-
I Think This Puts The Amazing Fundraiser of ** US$630Million ** into perspective. Add up all the ** 100’s Of Billions of Free Cash Flow over LOM ** and it Really is Insignificant and above all an incredible achievement for HZM who have now Fully De-Risked the project.
It Really Doesn’t Get Better Than This!!!
KEEP YOUR EYES ON THE PRIZE