Horizonte Minerals Share Price (HZM)

Said it in a nutshell

Still an attractive proposition at whatever SP

Exactly

ZERO

Also strow Helikon cannot sell any because if they sold 150-200 grand the SP would half

So they prob wrote it off

I still think this will be suspended before Christmas

You could wake up tomorrow to find your money is trapped and the share suspended.

Just looking at the Nickel markets

Glencore pulling out of New Caledonia will leave them 90,000 tonnes down on production and will free up $350 million they have written of in losses against the three mines there, they are having to buy Nickel to cover their supply obligations. They are contracted for all of Horizontes nickel and they need what Horizonte will produce, clean, environmentally responsible Nickel, is core to their current business plan of cleaning up their act. They're just in the process of hiving off their coal business for that very reason

Its clear than Indonesia and China are capturing the Nickel market, further mines will no doubt be forced to close. Horizonte seems one of the few places that compete, wages in the region are particularly low even relative to other areas of Brazil, shallow mining in an accessible area makes it easy to get to the ore and the ore to the processing plant.

The fact that were on hydro and locked in to a 10 year supply contract at a favourable price is a massive boon, not only in terms of carbon output and the desirability of the product as eco friendly but also the cost associated with building and running a coal plant in addition to your processing plant. At the moment Indonesia is subsidising the nickel production, this wont continue forever

This is still an attractive long term proposition whatever the stock price might be

https://www.statista.com/statistics/1251028/monthly-household-income-per-person-in-brazil-by-state/

https://www.ft.com/content/ad1f0489-ad29-4e27-89b4-b5618581401a

Also Tardis,how exactly would you see a private working relationship going between Glencore LaMancha and Orion ?

I wouldn’t want to be the smaller two in that scenario with Glencore holding the offtake.

I think that LaMancha are protecting their interests

Imagine that you were parachuted into the company and had to start from scratch.

As I said before it would probably take at least a week just to get into the bank accounts and check that they were in order.

Then what would you do next ?

It’s an unbelievable task but I agree with you there should be some statement of intent at some point.

I find it curious that helikon have not changed their holdings and volume is so low.

You would think that if the market knows as everyone always states then there would be more evidence in the trades at this point with much larger volumes.

I’m now wondering if those after hours Friday were actually shorts closing but I suppose that they could have just been late reported trades marked as buys but not.

Anyways,have a good week everyone.

The longer it goes without an RNS the more concerned I would be. If they want to keep the company public they will surely release news as quickly as possible?