Member Info for BwanaMakubwa

Yes Peel Hunt's was a derisked 12 month price target of 30p-that would be nice, but may be a bit aggressive in that timeframe.Three years from now though, hopefully A is in production, we will know the direction of V,Nickel will be trading way over $20k /ton and Vale and other majors will be sniffing around desperate to get their hands on more nickel.Patience guys,I will not be selling anything over the next 3 to 4 years unless forced to by a takeover.

Hazbeen-yes got what you meant.Just thought it was time we all got a bit more positive, there has understandably been a lot of caution on this Board since the placing, but to my mind fundamentals and prospects have only got better.

Lots of 30p talk on here.It will be a lot higher than that in 3 years.Willing to take bets on that and that is on a worst case scenario for dilution.

As far as I understand it the financing is largely, but importantly no exclusively, for A. Agree Wasa, expect plenty of newsflow on V.

Thanks Luke.
Anyone else wondering about today's trading ? Sells massively outweighing buys, but bid firm at 8.3p.Expect a few late reported buys?

Great-thanks again TDT.

Many thanks TD2.

https://oilprice.com/Energy/Energy-General/Teslas-Biggest-Competitor-Is-Ditching-Nickel-And-Cobalt.html

Guys-i am far from an EV battery expert.I think we have already discussed and refuted this on the forum, but can someone just confirm please.Thanks Bwana.

Well good to have this buyer around to soak up the sellers-who are still around in good numbers at these levels.

Agree D220-there has been a big buyer around for a few days now.

A stronger broker with arguably better institutional contacts.

This is speculation on my part and I may not be right. Today's RNS suggests that the 88 million Canadian warrants can now be excercised into ordinary shares. If I had been a Canadian hedge fund in receipt of say 10 million warrants in the placing back in February, I would have immediately shorted existing HZM ordinaries at the then prevailing price of 8-9p, knowing that I would receive shares to cover the short at 7.5p once those warrants became excercisable, which has happened today. Very easy money and may explain some of the weakness back in February.

Nice summary Tony-thanks for taking the time.My only argument would be that they will dilute-but not by much.In my calculations I have used maximum 250m shares re 204m now.
I easily got to £10 per share on a 3 to 4 year view, but that was using a very conservative PE, when I know it will command a large premium rating due to its uniqueness and strategic positioning in the UK green revolution,so I do see China's £15 target as quite achievable.I will, however, lay money on the fact it will be taken out by BP or another industrial major within 4 years.

"replaced by some serious big hitters"...b..dy spellcheck.

Dan-Kabunga is a Perth based Tanzanian mining investor and in fairness was pretty instrumental in bringing us Mahenge.He owned 10.4% of ACP, plus warrants as Jim shown us below. However, one of his other investments is Volt which has got into trouble(I am not sure of the exact details of Volts problems-if someone else can explain that would be useful),hence he has been selling down his ACP position (known on here as Kabuggering us all!!) over the last 6 months and put an effective ceiling of 5p on the share price.Please note both his Board reps-Steve Mahede and Amne Suedi have also gone and we hope will be related by some serious big hittersWe believe he has now gone or nearly gone, the ESIA is issued and the ML imminent, which will lead to a pretty fast double from here.The stock is incredibly cheap on an NPV and IRR basis, there are lots of near term catalysts and the "herd" is yet to arrive.Plus we have some very good posters here so you will be well informed if you choose to invest.

...decent volume for once..should be flying there with 70c price targets!!

Agreed Wasa!!

Very useful-thanks Jim.

Welcome on board JC.As mentioned below, several catalysts to come in the short term.But beware this one can be a bit volatile at times!!

Reading various Boards with several commenting on NTs, it seems HZM has become hard to buy in the last few days. Certainly there have been few sellers. If we can break 8p today hopefully a quick ride up to 10p-where no doubt the trading sellers will reappear.

Agree with Wasa JC. On dilution current shares O/S ate 204m,they will need more to fund Longonjo build and Saltend, but there will be alot of green finance available to them, so do not see more than 250 million shares in the near future. This is a strategic and unique asset that will command a premium rating. I get to £10 per share in 3/4 years on fairly conservative assumptions-could be alot higher.We are still very much under the radar and no declared institutions yet-they will come. Catalysts are Saltend planning permission and BP-hopefully end of April.