Member Info for BwanaMakubwa

As one profiting from the NYCT price rise I am a big fan of GM and hope he and his team get excellent bonuses for creating such value for all of us.That is their just and right reward.
However,I 100% agree with Simple’s comment and am sure GM would too-these awards should go to the heroic frontlines going beyond the call of duty and working long exhausting hours for often very little pay.

And so it begins...good spot Routy.

I am going to add more after the financing announcement-prepared to pay up to 8p-look at the upside from there, plus even more derisked.

Looks like they have an OTC quote in the USA-very junior market, but will make it much easier to uplist to Nasdaq when the time comes than if they had no US quote. I did not realise they had a US listing-more good news.

To close their short they have to buy the stock back.This should put upward pressure on the price not downward pressure!!

Wasa and DJ-thanks very much-appreciated.

Wasa that is some bet.I bought 500k this morning at average 6.3p and aim to build up to 2 million over time.I very rarely invest in miners as not my area of expertise, but this does look good-just wish they had a different broker than PH.

Anyone met the management? CVs look good, but useful if somebody knows them.

Thanks Wasarunner.

I have initiated a position to start with. Wasarunner asked for insights.The bull case you all know.My concerns and questions are:
-If Vermelho is such a good project why did Vale sell.They mothballed it in 2005 having bought INCO in 2005 and then sold it to us in 2017.Maybe Vale just had too much on their hands, but still strange.
-Corporate broker is Peel Hunt-very second rate, no mining expertise and limited institutional reach in the UK and no reach in USA.Would prefer if corporate broker was Numis or Cannacord.
-Only institution on the register in a significant way is Lombard Odier. The rest is all HL,AJ Bell,II etc which is basically punters like us holding our shares in custody at our retail brokers.With Peel Hunt as broker will be more difficult to institutionalise the register, which would be ideal.However good to see Teck and Glencore on the register-I guess as probable acquirers.
-Why did JPM Asset management sell out?
-Geographic risk obviously.
-Financing risk obviously-although the debt syndicate looks okay would have been better if JPM were the lead.Put project looks very financeable.
-A rights issue is possible if they overrun on costs, but in fairness they look pretty tight.
These are just my concerns incase they help-no barrage of abuse please.As I mentioned I initiated today and will buy more as we go along.

Any views on 5 year price target-if HZM has not been acquired by then.

Well that was a more relaxing day. Hoping for more of the same over the next few weeks to build strong support at these levels and let the profit takers take their well deserved profits, before the next big news arrives and we motor back up again into the £6s.

83 shares-my son getting in!!

No problem guys-for your information I try and stay polite and to the point on any boards and I do not post a lot.
Wasarunner your excellent posts noted-good to have well informed normal people on a board.I will shut up now and get on with my DD.

Pete-No problem-this was mentioned in Shares magazine,I had never heard of its and knew nothing about it, but am a big believer in the nickel big picture story. Before I do decent DD it is always helpful get a few basic questions answered.
Aimtodeath-I am an ex analyst.I will be doing deep DD-how can you make a comment like that when you have no idea who I am?
Westie-Well I guess it is not under the radar as it is in Shares mag-but why should you care if it is not under the radar, you are already invested so presumably want the shares to go up?Also why will it not remain a nice board-please explain.

Guessing end of October. Companies that report quarterly usually report around 6-8 weeks after close of the quarter.

B2-Yes I see institutional investment a a massive positive. We have 71 million shares in issue and are net cash and hugely cash generative so no need to issue any dilutive new shares. The only option the instos have is to buy our shares if we are prepared to sell. The instos have professional analysts who will plough through every detail before buying to determine fair value, they will see this is deeply undervalued. Institutional money tend to be much more sticky so hopefully will take some of the volatility out of the share price.

The shares have risen dramatically in the last 2 months. Nothing goes up in a straight line even if it is fundamentally very undervalued. I would like to see the share price consolidate around £5 for the next couple of weeks and then move on as the institutions and new investors start to buy. Consolidation would be very positive here and take out a lot of the wild speculation and price volatility . We know we have a unique, undervalued, well positioned and well managed company here, but some of the excitement has gone too far.A bit of calm for a while is needed before the company continues to re-rate.

I think the problem was no new news.AGM very positive, but it was an AGM not a results announcement so it told us nothing new and was never going to.I think some expected new news and sold after in disappointment.Thankfully have managed to hoover up a lot more shares at 518 having paid 557 earlier in the day.Frankly anything below £7 is good value.

In fairness nothing goes up in a straight line-a bit of a pullback and consolidation is a healthy thing.Plus gives an opportunity to buy more.

Many thanks Scott-much appreciated.

Thanks Pete-just wanted to get a brief bit of background of course I will do my own research!!

I am just beginning to look at this and will do deep DD,read Annual report etc, but could someone please tell me briefly what the balance sheet looks like, what the cash burn is and when do they need to raise money.Many thanks in anticipation.