The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Again, the RNS did not say the settlement is at the lower end of expectations! It said on deciding whether or not to accept the offer Nanoco were prepared for it to be at the lower end of expectations. We don't know whether it was low, mid range or high!
A bit frustrated with some investors and indeed news reports saying that the settlement is towards the lower end of expectations.... The RNS actually says:
"In evaluating the settlement offer and concluding that it provides a fair outcome for the Company and its shareholders, the Board, having consulted with its advisers in the litigation, took into account the following considerations:
· The gross settlement value should be expected to be towards the lower end of the range of expectations for a successful jury trial outcome as previously guided by the Company."
What this says to me is that in concluding that the offer presented to them was acceptable, Nanoco expected it would be towards the lower end of the range. Given they have initially accepted the offer, it does not mean it was towards the lower end. It could be in the middle or towards the top end, hence the rather swift acceptance of the offer.
Or of course it could be towards the lower end, we just don't know
All I'm saying is that the RNs does not say the offer IS towards the lower end, just that Nanoco expected it to be towards the lower end and that formed part of their assessment and acceptance of the offer
Either way, I suspect we will know soon enough...
I am more than 10 years - think I first bought in the 28p range, though have sold and bought a number of times since then - my average buy price is around 4p now. As I think I've said on this board a number of times before, I effectively have 3 separate pots - one short term spread bet (aiming to close out in the mid teens hopefully), an medium term ISA pot (target sell price 20p) and a longer term SIPP pension pot (who knows?!) Hopefully this is the start of the long term climb I have been patiently waiting for for many years! Only time will tell. Good luck to all
Guys and girls : none of us have a crystal ball, so nobody on this board KNOWS what's going to happen to the HZM share price in the future.... Not contrarian, not wasa, dj, pickedpeck, Lawrence, not you and certainly not me! In my personal opinion the last piece of the financing news puzzle was a very mixed bag - some good, some not so good. And AIM investors typically don't like a mixed bag and look for bigger returns in a shorter period elsewhere - which is most probably why we have seen the share price drop to current levels. My own take was that the short-term returns I was hoping for before Christmas have gone up the festive chimney now, but I am still holding all my shares as I personally believe HZM still represents a good medium-to-long-term investment, and my personal circumstances are such that I am not in a rush and happy to wait a few years until those gains are realised if needs be. I've waited many years so far, so another 2-3 will not hurt. If something happens sooner, then that's a bonus. Everyone needs to weigh up all the information they have available to them - and I mean facts, not hearsay or opinions not grounded on fact - and make their own decision based on their own personal circumstances - some will sell, some will buy more, some will hold - just the way it is. Variety is the spice of life and all that. Good luck to all of you with whatever you decide is the right decision for you
OK, so I got it wrong this week..... (no RNS today it seems).... Oh well, 1 out of 2 ain't bad ;-) Still, assuming the rest of the financing deal is announced before the end of the month, in line with what they have been telling us recently, we don't have long to wait for the re-rate either way. Yes the price is down today, but I suspect that is mainly a reflection of the whole mining sector, rather than anything specific to HZM. Remember you only crystallise the loss if you sell - hold (or even buy!) and wait for the final piece of the puzzle and the long-awaited re-rate in the near future
After correctly predicting the Monday RNS last week, I am going to put my neck on the line and try for a 2 out of 2...... An early call for the next RNS update to be next Monday, 20th September. Just a bit of fun for me on a very wet day in the South East of England. Here's hoping!
I called it on Friday and topped up at the same time - if only I had thought to buy a lottery ticket over the weekend too ;-) And a certain someone shot me down for apparently being a "jibbering greedy dreamer"..... well there you go John - apology accepted, haha
john - it's a hypothesis - hence the question mark. None of us have a crystal ball and don't know the future - we can only guess. You call it "jibbering wishful thinking" if you like - each to their own! Also "sickeningly greedy investors"? Let's be honest, we are ultimately only investing to make some money at some point down the road. Good luck to all holders - negative or otherwise ;-)
Morning All - as ever I have been reviewing this board every day, though haven't posted in some time... Some of you will remember I have been invested in HZM for around 10 years. Nice to see the share price back up to 8p in advance of the financing announcement. What are the odds of a Monday morning RNS I wonder? I certainly wouldn't want to be out of this share over the weekend, that's for sure. I for one, did another small top up this morning, and am excited to see what happens to the price next week, and indeed over the next few weeks and months once more PIs and IIs start to wake up and smell the coffee. Have a great weekend all
pickedpeck - I predict you are £10 worse off tomorrow morning than you were before you bought the tickets.... Don't sign on the dotted line for the super yacht just yet - maybe wait until you make the money on your HZM holding instead
It's not new news people.... it's more regurgitation of the 17th June update on their website... :
The Company has made excellent progress on all key project finance workstreams during the course of 2021 and is pleased to confirm that all five international banks (together the “International Lenders”), mandated for the US$325 million debt component of the project finance package (“Senior Debt Facility”), have each now commenced with their formal credit approval processes. This follows a comprehensive due diligence process, including technical and environmental and social due diligence undertaken by the International Lenders’ independent consultants Micon International Limited and Arcadis respectively, which has confirmed the robust nature of the Project and the best-in-class approach to Environmental, Social and Governance (“ESG”) standards that have been employed by Horizonte to date and will continue to be employed during project implementation. Good progress also continues to be made on discussions with Brazilian financial institutions.
Although a new tweet, it's not a new quote - it was at the bottom of the 17th June update.... Either way, good to see they are making positive social media posts, hopefully generating more outside interest
I get the moan and understand your frustration D220.... BUT - ultimately, they told us the financing announcement would be due before the end of H1 - and that is still 3 weeks away, so nothing to be concerned about. Jeremy also mentioned that there are a lot of moving parts and different stakeholders involved in those discussions (as we would expect), so due to reasons outside of our control, there was an implication that it could potentially slip beyond that date (I am assuming by a few weeks at most). The reason the share price has slipped recently is exactly because there has been no news (either way), and short-term / impatient investors are moving their money out into what they feel is the "next big thing" they can make a quick £ on. Always the way on AIM - for some investors they look to jump in and out and make a quick buck. "No news is good news" is not the case on AIM... Some of us however have held shares here for many years, so another few weeks / months is not going to matter. I have no idea what the financing announcement will do to the share price - like all LTHs, I am hoping it's positive and hoping it moves the share price up (bearing in mind the last financing announcement earlier this year was struck at a lower price than the spot price) - whether it goes up 1p, 5p, or 10p+ though remains to be seen, and is dependent on the details of the deal, the ID of the cornerstone investor, and many other factors which nobody here knows the answer to - ultimately it's all speculation for all of us - but for me, nothing has changed, and I still see significant upside over the next 3-36 months, with a modest increase after the upcoming finance announcement, and a steady climb thereafter
Anyone want to hazard at guess at HZM share price at closing bell for LSE tomorrow? All depends on the webcast tomorrow and any supporting RNS / other announcements of course, however, I think I can say with some confidence that it will be somewhere between 7p and 30p :-)