Member Info for BwanaMakubwa

I agree it is slow, but she has only been in power two months. The point is we will have a better operating environment once we start building/mining and the presence of a more foreign business friendly President will give financial backers alot more confidence. It is the bigger picture that is encouraging.

https://www.bbc.co.uk/news/live/world-africa-47639452?ns_mchannel=social&ns_source=twitter&ns_campaign=bbc_live&ns_linkname=60ab9e1c4b922602de53ae07%26Dangote%

I am a believer in a huge super cycle in some metals, so am heavily positioned in the following pre finance,pre production mining companies:
-HZM-Brazilian nickel, finance package highly likely (but not guaranteed) end of June.Excellent management.
-PRE-Angolan Rare Earths and Saltend on Humber Freeport processing plant.Angolan Wealth Fund owns 23%.Finance due within 3 months, but work already started at Saltend.Excellent management.
-ACP-Tanzanian Graphite-so as GGG suggests slightly greater country risk, though the new President Samia Hassan is very pro business and pro the West v China.IRR 91%,very easy open caste mine, only $31 million needed to develop.CEO Matt Bull friends and family own 20%,largely bought, not gifted.Mining Licence imminent and finance will follow quickly after-2 NDAs in place.
I speak to management at all these companies and know them well.They are pre finance and pre production so obviously have risk, but I have big bets on all three.
If you want more detail rather than do it here ask on the LSE Boards-all 3 are good, but Telegram is better at PRE.
Sorry for going off topic everyone and good weekend.

....Kabuggered again.I think this may be his warrants, not sure.

Tony I think the demand in wind generation will swamp the demand in autos-7 tons of magnets per every 180 ft windmill.

Just added another 220,000 shares (showing as sells).
Looks like Kabunga still selling and shares drifting on boredom, so good opportunity to top up. The ML will come eventually.

Plus it shows they are pretty confident on achieving finance . Wood Group are a truly excellent partner-they would not start this unless they were fairly certain that they were going to be paid through to completion.

2 x 1,133,666 sells!!
Hopefully that clears out our persistent seller.

The other key thing about Bion (as those in ITX will appreciate),the real free float here is only 34% (see discussion below) ,so when the company does start to get noticed the potential for a "squeeze" is high.

Andrew-personally think it should be at least 10p in short time after results-but that depends if anyone even notices!!!

No-not at a £12m market cap!! This is so under the radar.

Tony-agree with you.So:
1)Yes they are undervalued in the view of many of us.
2)You are right-they have plenty of other things to do with their cash.But they only need to borrow £10 million to buyback 16% of their stock and use their fcf for everything else.I am no expert, but I think that would be quite efficient capital allocation and use of balance sheet.

Tony/Fastfood-to my knowledge they do not currently have authority, but will be able to seek shareholder approval once the Capital Reduction is passed.As I mentioned, I am not saying this is going to happen and almost certainly would need note holder approval, but in the US, this is the oldest game in the book-borrow money, buy back equity and watch your share price rise.

Interesting to see the consistent mention of share buybacks in the RNS.Whereas this may just be for fullness of communication, they would not have to raise much debt to buy back 15-20% of the Company and put a firm floor under the share price.Not saying this is going to happen, just an observation.

How unusual:)

....some are selling in order to buy back in the retail offer.Personally prefer the certainty of buying in the market.

"However, it is encouraging that it is still agreed that the deferred balance is not due until a farm down occurs - looks like a vote of confidence in Serenity."

In my opinion you have made a very key point here Tony.

Just raided the emergency fund and added a few more this morning at 7.3p.In my opinion we are in bargain territory now.Will keep adding as funds become available.I am getting increasingly excited about the imminent financing and believe we are all going to be pretty impressed by the quality of our partners in the various financing components.

Firstly welcome I enjoy your posts on I3e and understand your frustration with management there.Before I answer your question I will just mention that I believe the HZM management to be very high quality plus if you communicate with them they actually reply to calls and e-mails.Witness they are about to pull of a $450m fundraise off a $175m market cap-a hugely complex and multi faceted deal.
To answer your question, production on Araguaia 1,should start production end of 2023, beginning of 2024, Araguaia 2 should be 18 months or so later if my memory serves me right (other posters please correct me if this is wrong).Vermelho should be fully permitted in a year and then a JV partner (they are queuing up) will be chosen to develop that mine-all assets are high quality, but V is the jewel in the crown.
Finance for A1 is due end of June-the shares may remain a bit dull before then.Personally believe now is an excellent entry point-last fundraise was done at 7.5p.
The Board here is good-so if you have questions ask.Meanwhile Jeremy Martin's recent interview is worth watching (1 hour) ,I have posted the link below and the presentation is on the website, but link also posted below.

https://horizonteminerals.com/news/en_20210510-investor-webcast.pdf

https://horizonteminerals.com/uk/en/videos_and_audio/

Did not contradict myself at all Jezzoo.One post said if the shares continue to drift the chances of a takeover are greater because the value becomes greater.The other post was on a completely different subject.No I have not sold because I see great value here and am prepared to wait for it to manifest itself through either market realisation of fundamentals or a third party realisation of fundamentals.Maybe you should read all posts before posting old chap?