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Aimho but here’s my take ...There are a lot of people here with good holdings and some I suspect will have a trading pot (with good reason) alongside a fair few other day traders /anybody really who are in it for a quick buck (fair enough) as there are , for many mining stocks out there and I get that , so combine those with all the shares City financial offloaded (25 million ) was it ? to a Mm who’s quite happy to sell even at these levels and still make a decent turn on everything he can muster ...so what’s happened today ,happens time after time & will do TIL they’re all gone .. point being any rise here gets the inevitable burst of sellers that keeps the price down to where it is at the minute ..
On the flip side as many have pointed out there’s still a couple of things that need to happen here b4 Hzm finally lifts off which are
1) an impressive PFS on vermelho now due early H2 I see ... so that will help a lot especially after today’s news (despite a further delay to its release )
and 2 ) news on finance ,as despite us having fantastic economics ,raising £400 million plus is still a big ask in this climate - but fwiw I believe they will.
The trouble is with Hzm being so far down the line & news could drop anytime ..anyone selling like yesterday at 170 -172 will be gutted ..195 first thing ..but that’s the chance u take... GLA

Start the car fellas .... bloody brilliant news that is !!

As u too have mentioned the impending (as opposed to imminent results ) from Vermelho I was wondering if u had seen this as if the grades are as good as ur good self and Red Roy imply from ur well informed research then this article should fill ur hearts with glee - as according to Roskill the future for nickel sulphate is looking better by the day .. GLA
https://globenewswire.com/news-release/2019/05/30/1859161/0/en/Roskill-The-booming-market-for-nickel-sulphate.html

Mate just wanted to say thanks for all ur inputs here and on other shares .. it’s been an awesome help to me and I’m sure many others I would have thought .. so glad u enjoyed ur beers

Whichever way u look at this the reality is that we have 2 tier 1 assets the second of which Vermelho had 200 million spent on it by Vale over the last decade or so and yet we have a current market cap of what 20 million with 5-6 million still left over in cash it just doesn’t make sense does it given the resource the life of mine the low cast capex etc etc .. but like someone said the market can be irrational for much longer than some of us can remain solvent !! Scary thought .. anyway have a great weekend fellas roll on news on vermelho let’s hope it really is imminent ffs GLA

Nickel up nearly 5% maybe this is why ... about time too have a great weekend fellas
https://www.kitco.com/news/video/show/Mines--Money-New-York/2410/2019-05-21/Nickel-Prices-Could-Go-Through-The-Roof-Watch-For-Signs---Expert#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DMines--Money-New-York

Spot on fella I agree with u 100% like many lths here I will always keep the faith as I’m convinced one day this will representative of its true value but in this market and particularly on Aim where fundamentals come a very poor second to sentiment u get heavily punished for not meeting timelines and whilst I’m fully aware that’s the nature of the beast with all mining stocks I must admit to being slightly bemused why Jeremy has still not learnt his lesson by being a tad over optimistic with his predictions on upcoming events ie test results, the FS where the goal posts kept moving continuously ,to name but 2 ,as the market just won’t have it ... if anyone had said to me last sept with all the progress made since then that we would be 1.78 ffs I’d have thought they were bonkers .. clearly they were not so it’s me then and probably a few others tbh .. lol ..I’m sure the wait and the short term frustrations will be worth it one day soon.A great day to all

Respect fella !!! U must have the patience of jobe !!

Assuming of course we ever get an update ...??

Good post fella any one reading that or any of the recent articles posted on here in truth will surely realise the bubble will pop on the major metal prices incl Nickel “imminently “ which could be tomorrow or by this time next year lol depending on what ur definition of imminent is ...but it will happen fellas ,it will happen ,so fill ur boots whilst u can at these prices and then sit tight and wait ... GLA

Morning all well let’s hope ur right Awax as the perplexing thing here is when there is news expected it generally follows at some point ,that wind of it escapes to the mms and then the momentum starts affecting the share price but for it to do that it also follows that there is market out there ,waiting in the wings to do just that ... this long delay one would hope will bring the meaningful news that the company has promised to those emailing into them ,that it will release very shortly ... their underwhelming performance on this front so far does not inspire me greatly but the fact remains bringing this old mine back to life is no mean feat , it’s pretty awesome in truth ,but no one would actually know that had they not been following the story ... it is quite incredulous the communication and PR strategy to date ... so maybe when news does finally arrive that may change for the better for all our sakes ... GLA and keep the faith

Check mr B ...

Come on Ormonde ...what’s going on....this is getting ridiculous ... did u do that Mr B by any chance lol !!!

Good posts fellas as always ... I still can’t get my head round Jeremy’s use of the word imminent for all that ...if he ever says it again I will know he means 2 months away at least ... as long as it’s worth the wait .. that’s the main thing -that said its no surprise to see the sp drifting lower which is so frustrating .. but yes I know patience is a virtue ! GLA

I think Jezzer’s definition last month when I’m pretty sure he did use the word “imminent” was probably more like “on the horizon “or “in the pipeline “‘which is contained within the definition
Whereas in my world “imminent “would mean something is “close at hand “ or “about to happen “ or “looming large “ or even “almost upon us “ which is probably why I do what I do and he runs Hzm ...asking as it’s worth the wait Jezzer that’s all that matters old son GLA

Certainly tests ur patience -I think after waiting so long for this news it’s a shame to see someone sell a sizeable chunk at 3.32 but it’s not surprising is it in truth as we are now nearly 2 months on from the last update which was a delay on the back of a delay on the back of a delay and u get punished for that on Aim... Awax is spot though on the activity is still tiny but it still materially affects the share price whereby the bottom line now is that it will take almost a 100% increase from here to get back to the high of the last 12 months .. which is unbelievable given where we supposedly are right now and where we were .. but I’m sure the value will out itself at some point soon ... i just hope the delay has been worth the wait for all invested here that’s all . GLA

https://www.theassay.com/base-metals-insight/nickels-chance-to-shine-again/
The stars are aligning as Jezzer says except to those who are selling perhaps altho no idea why ? Nice tick up today let’s hope it continues GLA

https://www.ig.com/uk/news-and-trade-ideas/shares-news/top-10-cobalt-stocks-to-watch-190405

https://www.ig.com/uk/news-and-trade-ideas/shares-news/top-10-cobalt-stocks-to-watch-190405Courtesy of twigs and a significant point too as we primarily focus here on nickel and understandably so but this cobalt resource at vermelho is clearly something to take notice of given its current price and the role it plays in the EV battery market ... I must admit I hadn’t attached too much significance to it personally but that’s pretty impressive to be in the top 10 companies to watch out for I reckon. Happy days

Evening telemarker ...can u explain the relevance of ur last post to the situation here at Ormonde please ? Cheers fella