Member Info for Bridgedogg1

Good to see majority of gains held today. Good base fir the rest of the week and next in the lead up to the reports. I think La Mancha would be interested in a royalty deal. Glencore most likely to put up the cash as financing as they are interested in the offtake. Plenty of options. I don’t see any business case for equity financing at these levels. The share price would have to over imo for that to be considered imo. The fact is we need too much money to go fund the placing route. I don’t know how much Vermelho monies have been spent but there may be scope for that to be reallocated.

The sheer scale of what we have across all the projects, the money already sunk in, including previous owners (Vale), someone must be looking very closely at a takeover.

An updated presentation would be nice. We seem to get one every 3 months or so. The latest was 3 August.

https://youtu.be/v5WOvY6AWSA?feature=shared

https://horizonteminerals.com/news/en_20230829-corporate-presentation-august-2023.pdf

The ‘rerate’ slide didnt age well

Https://www.mining-technology.com/news/glencore-carmakers-back-nickel-copper-acg-deal/?cf-view

Not new but noticed Glencore working with La Mancha to buyout Nickel mines.

A fair few short term traders stayed in for potential Monday morning RNS have moved on. Dropped below 20p and found some buying interest. Holding nicely, hopefully the bigger buys will kick in again once it settles.

Group cash $122m

As of 30 September 2023, US$215 million has been drawn down from the senior secured project finance debt facility of US$346 million (the "Senior Debt Facility"). As of 30 September 2023, the Company had total liquidity sources of US$253 million comprised of US$131 million undrawn on the Senior Debt Facility and a Group cash position of US$122 million. Of the Group cash position, US$93m relates to the project to cover current construction activity and working capital…

Interesting comparison and really brings to light that either HZM is way under valued and/or Prem is way over valued imo

Poor Headder. Very positive on this until 30 October when he sold out missing the recent rise. Must be p!ss@d off! Still plenty to be made here, only just started the rerate. Come back aboard and enjoy the ride.

Glencore is one of the worlds leading Nickel producers at 102kt p.a. 100kt p.a. puts us right up there globally on one of the most important metals for clean energy technology. The mine is almost built. £55m market cap beggars belief.

Just to say the £1.7m wasn’t made up, it’s the total as stated in the 2022 annual accounts.

JM

Base £363k

Other £240k

Incentive plan £100k

Options 31 Dec 2022: 5m

Share based payment £478k

I don’t know the full details but didn’t the bod award themselves options after the financing, many if which weren’t exercised. I note the 2022 Options were huge, JM got £5m worth on top of his £1.7m salary. How do the sleep at night? Answer: very soundly I’m sure.

Good point mumbles but I don’t think either La Mach’s or Orion would be interested in owning / operating the mine. That would leave Glencore who I imagine would very much like this on the cheap (sub £1 per share).

Currrent budget is $537m with $439m spent as at end Sept there’s still lots of headroom and progress is obviously continuing at pace. I’m confident funding will be sourced and this will see a massive rerate, similar to the 86p to £1.50 in one month a year ago but we are starting from a much lower base this time. I think this will be one of the big AIM PI opportunities this year and a lowball takeover, say at around 50p, would be a shame due to the potential for bags. I feel for those that have lost money here but the drop is massively overdone. The cost analysis and line 2 feasibility study are both due imminently and should remove some of the uncertainty keeping this down.

Small sells and big buys. Follow the money. HZM definitely doesnt have a tight ship when it comes to big news.

Another push on 22p incoming

Had a bit of a churn, now moving up again. Buyout rumours are nice but I’m in because it’s so undervalued.

Current price is a gift. This could be 80p with the right deal, then into productions it’s £s

How anyone can say it’s ‘jam tomorrow’ when on the same day production has increased by 50% is beyond my understanding. Great progress being made here and lots to look forward to.

I fell asleep. Was taking for the Continental Wells discusssd?

Paradox could be hundreds of millions boe. Net to Zephyr.

This should be back to testing those SP highs in no time.

Capturing those large buys might be the reason the MMs moved the price down during the day.