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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% .
There maybe a little value 0.001p per share
Language,. “The Company does not believe that any of these options are likely to recover any value for the Company's shareholders”. If they were sure, these options are definitely not going to generate any value for shareholders, It would have been like this. These options are unlikely or very unlikely to recover. Likely is giving positive connotation and perfectly coherent with fundamentals.
Perhaps after todays RNS
There is definitely value for shareholders provided fairlplay in asset sale/ liquidation. Resource is intact and already $500-700m spent on the project. NPV is always calculated on industry average, 14k per or 16k per tonne, spot nickel is way high and likely to rise
In a nutshell, is HZM still a bad investment or are things looking better?
My apologies, I gave you the link for DJSP rather than DJGO.
Here's the correct link:
https://www.jusbrasil.com.br/diarios/DJGO/2024/04/29/Suplemento-secao-iii-2-parte
Still search page 2012.
Umm, he did write in English - it was a link to the Brazilian Mistry of Justice pages. Which, annoyingly, you need to have a BR social security number to register with, so I didnt manage to access all of it.
( also a smattering of Portuguese is useful to invest here is it not ? I'm here precisely because I have a Portuguese wife, and thus have learned enough of it over the years to vaguely try and follow the bits which *arent* in English. Seems useful if you are going to invest somewhere. It's also the reaosn why I didnt invest in Savannah doing lithium stuff in mainland Portugal , because I can also read all the upset natives complaining about how they are trashing the place. It might make money, but the ESG credentials are screwed. )
Having said that though, I didnt find anything relevant to Horizonte on that page (or the bit I could see anyway)
Sorry. Understand Brazilian Portuguese?
Of course everyone understands.
So if writing... Write in English. Thanks
I did warn about this some weeks ago?
If you have access, see page 2012:
https://www.jusbrasil.com.br/diarios/DJSP/2024/04/29/Judicial-1a-instancia-capital-parte-i
Somebody knows something?
A hint in the extract:
'....which after the work was stopped, did not make the payment and is on the verge of filing for judicial recovery, case no. 505XXXX-15.2024.8.13.0024, which runs next to the Minas Gerais Court of Justice!'
Ni still rising. NPV must surely be of major interest now to cornerstones. Definitely needs re-visiting.
Sent them a message asking them to update the NPV calculator and recirculate
The old one is from 2018 so doesn’t have the updated costs of construction or the benefit of the power supply savings
At $19,000 a ton might be a could time, still a >30% IRR
Now that both Cu and Ni seem to be on an upward curve in the markets, I wonder if some of the 150 potential investors will re-visit HZM. There must surely now be a rethink from the cornerstones as well. There is still a lot of profitability in the mine and with Glencore committed to 1st ten year offtake, then why don`t they seize the opportunity. Beggars belief to me.
Pump and dumpers active today
Another one 24-Apr-24 11:15:00 0.4702 1,850,000 Sell* 8,699 O
Cont, I do take your comments on board. I did sell all of my stake. On the last RNS. I’m absolutely sure that I’m not trading to try and recoup any losses, those are too vast. Even a profit of a couple of pounds would seem a win.
Nickel on positive trajectory confirming 26k per tonne, 30k or 45k per tonne also can’t be disregarded. Restrictions on Russian will definitely have an impact
Rover with all due respect - I have fallen into this trap myself in the past. You think this share owns you and you try to trade it to make some back. Fair enough but you can pick any other share or even index to do the same without the threat of suspension hanging over your head.
Someone sold 24-Apr-24 08:01:22 0.4581 1,928,324 Sell* 8,834 O
This morning !!!!
Hook me up any time with a happy meal.
🍔🍟
Only made enough so far to go to McDonalds. 🤪🤣🍔🍟🍦🥤
Also this is extremely short term as it could be suspended at anytime.
Should also have say I’m trading this not investing.
Better trading so you know I think 🤔