Member Info for BwanaMakubwa

Volume has completely dried up here-a paltry 3,240 shares as I write.Feels like something is going on.But what:

-Price seems to be being held at 130p ish-is there a big buyer or seller in the background?

-Are we about to equity raise again-seems unlikely given the liquid funds available at last report, but maybe the banks are demanding it now nickel has fallen firmly below $20k/ton?

-Is a financing being worked on V-could be possible, but looks early?

-Have we received a low ball bid? Unlikely with recent option issue at £1.70?

-Is it just macro malaise?

We are maximum 6 months before first metal, surely the price should be responding soon?....And then we had that rather bizarre corporate video-what was that all about? Certainly told us PIs nothing new despite being a slick production.

I have no answers-just feel this remains very undervalued and for now holding the faith!!

C123-so IT projects and a couple of building renovations-nothing actually the mining space?

For reference can you name some of those projects you have experience with please C123?

As FTC alludes could still be residual selling by Cannacord, but I don't think the state of the economy helps...pay my mortgage which has just tripled or hold my HZM...there will be some retail pain, especially on AIM. Fortunately I rent from a rather benevolent landlord-added a few yesterday with ease,6 weeks ago it kept going NT.

"Obviously as shareholders we want as much debt/fcf/other funding options as possible and not equity if possible..."

And no more convertibles please....

Thanks Nutkins-there goes my theory that they are now out!!

But that puts them at just below 3%-anyone remember what they were at before they started selling?

The long awaited stock squeeze could be coming-no stock supply at these levels (assuming Cannacord have now gone).

Looked at Andrada (then Afritin) about 2 years ago and concluded "too good to be true, there must be something I am not seeing here."

I will take another look-as it may just be the same as here at HZM-i.e. AIM is inefficient and not working properly. With the current cost of living crisis there is clearly much less money going into AIM and with the demise of vast numbers of small cap brokers AIM just does not get the focus and attention it used to from either the broker or institutional community.

I suspect that at Andrada and HZM value will eventually out, but that will only happen with M&A.

How do I know? I don't, but we must be due a rise soon I imagine Cannacord's selling pressure must be over soon and how much do their market makers know about their (behind the Chinese wall) asset managers selling?

financialpost.com/investing/canaccord-may-face-penalty-in-market-making-probe

We shall see, but I feel it is coming soon....we shall see...

...no wonder it has been hard to buy anything recently.

Note p18 point 9 of today's pictorial-management clearly very aware of the current M&A environment.They have loads of options-they won't want to give this away.

Very unlikely either La Mancha or GLEN would go hostile, so any bid would have to be deemed fair by the Board for it to be approved.Also neither La Mancha or GLEN have a clue how to build a mines would not expect any M&A from them for at least 14-16 months.I still feel Vale (amongst others) would like to get their hands on these assets-so to me a bidding contest is very likely late next year.

Could be-but the market will wake up eventually.Then hopefully we will get a big run like the 80p to 145p move.

Wrong country....

Just managed to buy another 8000 shares, but took forever on a limit trade-market order went NT.Feels like there is still a sizeable buyer accumulating, with that larger 351k share print, just before my buy finally went through.

....AJ Bell goes to NT-so using a limit.

You got that guy wrong Teddy I am afraid-he is a large LTH here and in a small number of mining stocks, he does deep DD including talking to management. He is also a humble and very decent guy.

IMHO no serious bidder is going to make an offer until construction is complete and initial nameplate achieved.The offers last year were opportunistic just after Vincent'd death and derisory and totally inadequate in the eyes of our management.Not sure the Chinese would view Piedmont's arrangements as particularly welcome either.

Very much a potential suitor imho.

Well someone is buying these-otherwise that kind of consistent selling would crater the shares-hopefully a blue chip institution and we will see a new TR1 soon.