Member Info for BwanaMakubwa

...and it will be a Zulu dawn for the bears!!:))

Has anyone got the latest current warrant position?
I think the 2.2p and 3p ones are down to about 65m and then there are another 18.9m warrants exercisable in May 2024.
The 2.2p and 3p ones are going to be exercised to provide equity to finance mine build.

https://www.youtube.com/watch?v=60fqp2rLUR4

Anyone who sells on Monday is an absolute fool CT. I get selling on Thursday if no RNS announcement throughout Wednesday,but who would sell before end of Sept?

"Following the conversion, there will be no further loan notes outstanding." as per that RNS.

O&W all converted now-please refer to Aug 6th RNS.

https://www.youtube.com/watch?v=aJxrX42WcjQ
Sit in a dark room and listen to this John.HZM too could have this effect on you:))

I am sure JM is going to torture us with a Wednesday announcement-I hope I am proved wrong and it is Monday.Irrespective of the actual date, by Friday we will be (even more)significantly derisked and hopefully will also have been given a bit of guidance re offtakes, the equity issue and our key partners in this deal, though following JM's last interview I am not expecting full and final details on these until mid October early November.That does not matter-I get the impression they are in the bag with very blue chip partners-probably all our current partners, but hopefully a newcomer or two-a BHP or Vale would not go amiss.The more of these guys we can get involved now the more aggressive the final takeover battle will be.
My key question (and I am sure the key question of many commentators here is "what number of shares and what price".I am still hoping a premium to make the single cornerstone $100m workout below 30%,but only time will tell.Once we know the fully diluted number of shares we can have a much better stab at realistic price targets four to five years out.I am still hoping that we can get well over 80p a share-very plausible if nickel is approaching $30k/ton by then, which I think is possible.If that occurs I believe EV metal stocks will trade at a premium to historical cyclical norms.
Finally I think Craig or Picked made a very valid point a couple of days ago-let's not go too mad with offtakes at this stage JM, that will only hurt us later if nickel is pushing $30k/ton.
"The future is bright-the future is HZM" :))

Hairy Futtret,
I imagine you in you Edwardian pile puffing on a Partagas 54 and sipping a '68 Glefiddich (or possibly a Coirvissier '78) and musing about how nickel and possibly HZM will keep you in the style you are accustomed to.

All in jest of course:))

Anyone else having problems with this tonight?

We appear to have bit of a buyers strike here today as everybody awaits the inevitable news flow.Makes me think we might get quite a sharp spike on the RNS (assuming decent terms) as it is the final non operational derisk event.Some want financing certainty, which is fair enough.

Picked-"Tranche 2 credit secured with a mix of international providers and at least one Brazilian bank. I doubt we will get much detail of the terms beyond they have the money."I think we will get quite a lot regarding the terms-I hope so they matter.
On Investor or Mining Co as strategic-I am with Wasa on this.Very much hoping for Teck or Glencore (could be another, but unlikely-I think they will keep this pretty tight amongst their existing relationships who they know and trust).Think strike price could be higher with a miner.Anyway all will be revealed very soon.

John-we are capitalists, and since you own shares by definition so are you...means you are as guilty as the rest of us...

Haffy-100% agree.Also you have the liquid assets on the balance sheet worth approx $2m that can be sold.I also think offtake prepayments will be more like $7m.
There is really only going to be a tiny bit of equity to issue-virtually no dilution-that is pretty unique.This is so undervalued.MB is playing a blinder.

Picked-very interesting thanks for that post.Agree that everyone in the sector sees HZM as the stand out ESG nickel play, but the exciting part is that outside of the "sector" few have heard of HZM.I posted a few weeks ago about the huge PR opportunity once the full funding is announced "$160m market cap nickel company raises $465m development/construction capital..etc etc".It is really huge, but the wider market and for that matter many PIs have never heard of us.They really need to get on the front foot now all the hard deal work is over and start the full PR and institutional marketing drive.Do this well and many will be amazed how fast the shares rerate and how strong the rerate is.I hope they have allocated a bit of the $465m to PR and corporate marketing.
To quote the ever enthusiastic LawrenceH "The future is bright, the future is HZM":))

Agree TD2-they have said as much themselves. They are also very conscious of being a "penny" stock. Yank institutions do not like penny shares and they want yank institutions on the register.

Yes-he has been buying very cheap HZM shares:))

Given the ECAs I would speculate it is Scandinavian.

As posted before-we remain in "Orphan stage" and will do until completion of bond finance.Meanwhile shares will trade 80p-£1 range.I am trying to ignore the annoying noise of Hammy chewing away and expect to see the shares rerate significantly on funding.Meanwhile a couple of shareholders I know are just accumulating on very weak days-probably a great strategy.As many have posted below nothing has changed and the news has only got better.

Agree Kevin-hence I bought more yesterday at 6.29p.Blackrock was up another 8.5% last night at 19.5 Aussie cents-we are so undervalued.