Member Info for BwanaMakubwa

Need to double check-but I believe the shares are fungible (can be traded on both exchanges, as opposed to just one exchange),but I do need check this.

So last night for the first time ever the Canadian listing took the lead up 16% on record volume of 6.82 million shares. London has followed more mutely this morning with a 5% rise. The question is will Canada assert its lead this afternoon. My guess is it will. Canada is simply a more efficient valuer of resourse stocks than AIM and they do not have the huge PI mistrust factor that still exists over here.

This is not a cross ramp, but I own another UK/Canadian dual listed share called I3 Energy (I3e).The Canadian listing has been pretty irrelevant and volumes pretty thin until the last few days when the Canadians suddenly woke up to the value in I3e.Volumes exploded and the Canadian listing is starting to take the lead and trades at a 20% premium to the UK listing. I am not suggesting that we will see our Canadian listing suddenly take the lead, but it might over time. AIM is a notoriously inefficient pricer of equities-hence much opportunity for the well researched and brave. The North Americans(especially the Canadians) are far more used to seeing the value in resource stocks. As BDO, Cannacord etc start to market this I think the Canadians will grasp the value reasonably quickly. HZM, given the size of its assets and the future demand for nickel, is fundamentally undervalued, even with a large funding on the horizon. Those who buy in this post placing weakness will be looking pretty smug by December and maybe alot of those buyers will be Canadian.

I re-iterate they are definitely okay for cash following warrant sales.

The Canadians will be fresh investors without the history of distrust amongst PIs here. That is important, they should be much more willing buyers.

Guys I would not get too hung up on the Kabunga selling. He has sold 35 million shares and has 20 million left. He has sold for a seemingly credible reason and we will no longer be scratching our heads and wondering who the seller is as yet another 1 million trade appears at the end of the day as has regularly been the case for the last 4/5 months. Personally I hope he sells the lot before ESIA and mining license so he is not selling into the post event news and dampening the run up. In any case he only has £700,000 of stock left which in the big scheme is not alot and could be taken out easily. Worst case the stock meets resistance anywhere above 4p as he sells his residual balance. This is a classic technical buying opportunity. The project economics remain fantastic, the ESIA and mining license are imminent and they are definitely okay for cash meaning no rescue fund raise at a silly price before main funding. I bought more a few days ago and will continue to add as funds become available. For a real life recent example of a technical buying opportunity please see Pensana (PRE).They recently delisted from the ASX to go fully LSE resulting in huge Aussie selling over a 6/7 week period. You could buy the stock in size in the 70s,80s and 90s .The delist was completed mid Feb and PRE now trades at 155p.ACP is exactly the same, but with an institutional seller rather than delist sellers. PRE was not trading at fair price during the delist and ACP is not trading at fair price now. Simple.

SNewby-suggest you have a good look through the last year of RNSs and check out various links posted on this Board over the last few weeks.
Addressable market is huge-our Salted plant will have capacity to produce 4,500 tons of Ndpr per annum-but one single 260ft windmill uses 7 tons of the stuff-just gives you a perspective.
Potential market cap is £2.5/£3bn on a 3/4 year view.But I believe we will be bid for by BP.
Management are excellent with recent strong hirers.
PRE is very under the radar still-witness how quiet this Board is.
Hope that helps-but do the reading.

...at 1.45 million shares already.I accept one cannot correlate, but that is a reasonable number 30 minutes into the trading day.

Glad you saw the joke OTH.You are of course right-expectations have been scaled back....for the time being.I still see HZM as a big upside play.Have not sold a share and continue to add at these bargain levels as and when funds allow.

OTH-this isn't the "Hunger Games" by the way :)...

With the "hold" period and the market price below 7.5p currently we should not see any material flipping here if I am reading the RNS correctly. If the underwriters want to market the shares on to third party institutions they will presumably be wanting to get the price above 7.5p in order to make any money. Could even be positive for the share price.

..Kabunga only has about £700k left.When that clears should get a decent pop.Nothing to suggest anything untoward here,but the notification sounded a bit miffed that the Company had not been notified earlier.

I stand corrected Wolfie-I was told HZM were on the list. Not picky at all-best to have the correct information. Thank you.

Bod-they said H1-so read that as May/June.Not sure what the price will be-if it is with a strategic investor like Glencore could be at market or slight premium-I hope!!

Bob-it was generally perceived that the Company would announce the full funding debt/equity/takeoffs in one go around May/June time.However, they surprised the market by doing an £18 million pacing at a discount 2 weeks ago.The placing along with bad luck-the fact IG pulled leverage on 1000 stocks which included HZM-has put pressure on the shares.Many of us believe the shares were not as stickily placed as we wanted. However, the £18 million lets them get on with initial phases and gives a very solid balance sheet for finalising the debt negotiation.We now await finalisation of debt funding/takeoffs and cornerstone equity-should here by June.Plenty of very good tuff on this Board and on the website.Good luck with your investment.

Bob-with greatest respect, time to do a bit of background reading I think.

Stanhope-excellent balanced post.Thanks

Picked your post of Thursday 11:43am" I think we have all made our calculations a bit more Conservative than they were, but the upside is still compelling" I think you have made exactly the right point, my own calculations are indeed a bit more conservative now. However, listening to the latest presentation it does look like the financing is nearly in place now and I feel even more certain that the future here is very bright with still considerable upside-though less than I previously hoped due to greater share dilution. Very exciting times here.

Right..IG pretty much out of the way, dividend imminent, oil price strong-let's blast through 8p today.

Donald-I think a few may be already nibbling. Two late reported 130k share blocks yesterday.