Member Info for BwanaMakubwa

Wasa-sadly I think you are right.I had actually expected the price to be firming up nicely now, particularly after the CEO’s very upbeat interview last week,but instead we get hit by a wave of pretty steady selling.I agree with the comment yesterday from somebody that there are probably a few traders in this who now think it is dead money for 4-6 months so have sold up in search of better returns elsewhere,hoping to get back in here at the same level in a few months.My 19 year old son has a small position and wants to do just that and buy IAG.Fortunately he has been forbidden!!

Also a great backdrop for us to be negotiating a finance deal in....

I agree ngninv.The market is very inefficient at the moment.I have 4 other stocks outside HZM where I am really struggling to understand the valuations,but I do believe in all of them that their are catalysts that will eventually set them on fire.I hope so because I want to trim a couple to put more in here if I can keep buying below 7p.Problem is I am out of free cash now.

“Looks like a bottom, feels like a bottom, but does not smell like a bottom”, headline of a technical research note written in the 1980s written by a very good, but slightly naive American female technical analyst!! The Institutions of course loved it!!!

Not a particularly well researched article in my opinion. As far as I am aware our only institution is Cannacord these days. The author appears to be calling the likes of II,AJ Bell, HL etc institutions ,which they are not. As we all know they are the brokers we all use to buy our positions which these brokers then hold in safe custody for us. He also has not looked at the full capital structure which shows the Directors are meaningfully (but fairly in my opinion) optioned up.

Barmancy what was the unpleasant fact that the author alluded to-I could not access it?

I would be interested to know that too Willie-does anyone have L2?
I suspect it will be the usual crowd of Winterflood, Shaw, Cannacord and of course Peel Hunt, but if someone does know for sure it is useful background information.

Please change your headers if changing the subject.

1.The share remains materially undervalued on whatever measure you care to look at. I prefer EV, others prefer DCF or P/E.
2.Management and consultants have bought significant amounts of stock.
3.Anecdotal evidence points to sales well above broker estimates.
4.Amittedly limited, but acquisition history has been genious.
5.Cash and receivables must now be £450 m plus (conservative).
6.Still only a few IIS-a rare weak point for NCYT-Mandy and the IR team are dreadful-recent volatility and AIM listing will deter many IIs.
7.An RNS could drop at any point re new contracts.

Very risky to be out before Christmas. If it weakens on nothing advise you add carefully.

They are under no obligation to make any statement and as posted by several here, they probably do not want to at this stage, but prefer to fly under the radar.
The shares have consolidated and are now moving up as it begins to dawn on investors just how much money these guys are making, how much free cash they are generating and how rediculously cheap the shares are.
I much prefer them to make a trading statement in January as there is absolutely no pressure for them to do so at the moment. Meanwhile a very large contract win could still be RNS'd before Christmas if we are lucky and then we will see the shares at £12-15 before New Year.

Highly likely Oiliest-this is unfortunately Tanzania,not Namibia or Botswana.....it will come but "consultancy" fees will have to be agreed...

Yes-all the time while he was telling us he was buying more.Shame he was a good poster.Should have just sold and left the Board,no one will trust him again now.

...as AIM points out, somebody inconsistently offloading and the shares are going nowhere.Frustrating...

North, they have previously said that the Brazilian banks will be part of the main debt syndicate.I guess by naming one and showing the quantum of interest they are, as you say, just putting additional pressure on the rest of the syndicate to get their act together and sign up to terms-a very sensible tactic.

I have been reading the weekend posts and would agree with the general sentiment that this is now a strong buy.The Friday RNS and podcast interview confirmed what we all believed-namely that the deal was going to be done, but it also confirmed what we had hoped offtake agreements are being negotiated and we have at least one interested cornerstone.Personally I think we will get 4 or 5 cornerstones eventually ( Teck,Orion,Glencore,Cannacord and someone new) and I see a price of 10-12p.

Once the deal is done we then only have political risk ( low) and execution risk (again I believe quite low,but definitely real).I will stick my neck out again and say that I think the shares will rally up to 9/10p range pre deal announcement.We are going to get more interest here - as witnessed by the number of new posters on Friday.Momentum should build.

That was me I am afraid...well it was nearly blue!!
I am beginning to think next week could be very interesting, particularly if we get a bit of press coverage.
Good weekend all.

Love the "very few pure plays" in nickel.

I think once they start doing the institutional marketing they are going to find plenty of willing buyers.

Excellent interview-he sounds extremely confidant.

The only problem with ACP NotReady is the dreadful jurisdiction-God knows what "consultancy fees" we are going to have to pay MegaFool over the next few years or how long before he hands us our damn licence-but agree the economics are massively compelling.
Sorry to go off subject Board

I am going to stick my neck out and predict a blue finish-this is no longer easy to buy.Hopefully many traders/loose holders cleared.

Paying full ask now ...

Just got 100k at 6.45,could still go lower in Jan/Feb as boredom sets in...but when deal is announced (and I am increasingly feeling we will be very very happy with the deal struck) this will explode. Very worth the wait

Apoolgies if this repeats some of this mornings other posts.

Firstly I agree with AIM-traders on AIM have little clue about fundamental valuation, in my opinion this stock should be up 25% this morning on such a bullish RNS.

My takeaways:

1.NEGATIVES:
-Araguaia only.
-Finance will not complete until 2Q 2021.This will lead to inevitable boredom amongst some PIs who will sell. I am not referring to anybody on this Board. However, this may give many of us the opportunity to add further-my personal target is to add a further 30% to my position, but only in the 6s (do not think 5s will be seen again).

POSITIVES:
-Capex and Opex in line-no over run.
-Construction ready as soon as finance completes.
-Operational and Engineering hires-huge indication of confidence.
-The Finance Deal will happen-cornerstone equity investor (Teck or Orion),,Offtake agreements, Equipment linked finance, Brazilian banks. In my opinion we investors are going to be very pleased with the deal when it finally arrives.
-Strong Environmental and Social-getting very critical now in attracting blue chip equity investors-please see my link earlier this week.

Very exciting-let's take advantage of the AIM market inefficiency