Member Info for Chazzy2

Stringer, how do you know that Brad intends to sell in 2016?

The sleeping giant has woken up to the sound of director buys. Still a bargain basement price even after the good sp rise today.

I think the real turning point in the sp will be when the bankable feasibility study has been completed, over the next 12 to 18 months. As with so many AIM companies a lack of any real media attention and PR has left the sp in the doldrums, but as you say some interviews and publicity campaigns could attract interest. In the meantime I will drip feed gradually. This has to be one of the highest reward to risk ratios of any company I can think of on AIM.

The sp decline is so typical of AIM shares. The potential of the company and its assets are completely ignored and the price drifts in the absence of fresh news. I don't know how low the sp will go but it's worth drip feeding into this one for the long term, as it's extremely undervalued. It is also so under the radar it's almost untrue, judging by the number of posts HZM receives. I do believe early investors will be richly rewarded though.

Nickel will probably advance next year as Indonesia’s ban on ore exports boosts processing costs and the global market shifts to a deficit, according to Jim Lennon, a senior consultant to Macquarie Group Ltd. “We are not going to see a $50,000 price we saw in 2007, but certainly I think the price direction will be up based on the movement of the market into deficit next year and higher processing costs,” Lennon told a conference in Jakarta. The metal may trade between $22,000 and $25,000 a metric ton next year, he said. Nickel rallied in the first half after Indonesia, the largest mined producer, banned exports of unprocessed ores to compel investments in local processing, spurring expectations for an end to gluts next year. The metal rose for the first time in a week today after a government official said the ore-export ban will be maintained. “We are at the point of no return with our policy,” Edi Prasodjo, director of minerals at Indonesia’s Energy and Mineral Resources Ministry, told the conference today, saying that the prohibition will continue. “We already announced the ban on ore exports because we want to increase the value-add.” Nickel, used to make stainless steel, rose 0.6 percent to settle at $17,125 a ton on the London Metal Exchange.Before the ban took effect in January, unprocessed ore from Indonesia was used to supply producers of nickel pig iron in China, who built up stockpiles for use this year. Indonesian ore has higher nickel content, typically 1.8 percent to 2 percent, than supplies from the Philippines. When stockpiles of the 1.8 percent ore from Indonesia run out in China, producers will face rising costs as they are forced to use ore with lower content, according to Lennon, who started Macquarie Group’s commodities research team. “Once that 1.8 percent runs out, they are going to have to be producing from the 1.5% ore,” said Lennon. That shift would raise the cost of making nickel pig iron to about $20,000 a ton, he said. Goldman Sachs Group Inc. listed nickel among commodities on which it is bullish, according to a report dated Sept. 12. Prices are expected to increase ahead of a refined-market tightening next year, the bank said in an Aug. 27 report.The nickel market faces a record deficit in 2015, spurring prices, Standard Chartered Plc said in an e-mailed statement last month. It is extremely unlikely that Indonesia’s ore export ban will be lifted, Standard Chartered said. OAO GMK Norilsk Nickel, the world’s largest producer, said in August the price of the metal is still too low as the market is set to slip into a deficit next year. The price should go up in order for the idled producers to restart, Anton Berlin, head of strategic marketing, said in an interview. Nickel futures in London declined since $21,625 a ton in May as stockpiles tracked by the LME expanded to a record. The holdings totaled 341,364 tons, f

I've got a great idea for a TV programme. Piers Linney stands uncomfortably in front of a group of investors as they grill him on his idea for a start-up company called Outsourcery. As he squirms relentlessly trying to explain why the sp in his company is nose-diving the investors can look him up and down before smugly announcing "I'm out".

Many thanks Goldman for pointing it out. Yes it's very interesting and reassuring, particularly at a time when sentiment is quite negative towards mining companies. HZM is also very under the radar at present which surprises me some what when you see how many posts some mining companies receive. Next 12- 18 months should see substantial sp uplift.

Also disagree with 'thesonandheir'. A takeover by Pfizer would jeopardise years of painstaking medical R&D work for which the UK has a proud history. Vital drugs which could transform the lives of millions could be delayed in getting to market because of greedy executives who just want to line their pockets. See the bigger picture. In the long term Astra will be a better company without the likes of Pfizer, both financially and morally!!

Quite agree. Anything with a P/E over 15 is over-valued in my opinion and this is on a P/E of about 100 which is just madness. The market needs a strong dose of reality, Avoid like the plague!!

I agree with you there, Fox is definitely worth holding. The profit margins should be very good once the processing plant is constructed. The market for marble is worldwide so regional political risks shouldn't affect its sale directly, but of the SP will of course be affected by market sentiment generally. Apologies if I seemed a bit scathing with my previous post, it was uncalled for (bad day at work...frustrations building up!!) Good luck!

What on earth has the Ukranian crisis got to do with Kosovo. Kosovo is about 800 miles away from the Ukranian border. Russia would have to cross several other countries to even reach Kosovo. Better check your map. Oh and by the way it's Russia doing the invading not Ukraine!

Nickel prices are really shooting up at the moment. All good news for HZM. http://www.infomine.com/investment/metal-prices/nickel/

Very interesting and informative interview with Jeremy Martin, thanks for the link Goldman. He certainly reiterated what we all believe which is that HZM is very undervalued at 1.5 cents per pound of Ni compared to a fair value of 10 - 15 cents per pound on completion of a successful bankable feasibility study. It's interesting that he said even if Ni prices remain as they are, or if the Indonesian ban is lifted and Ni prices don't rise as quickly as hoped, the project should still be economically viable, although he strongly suggested demand will far outstrip supply over the next few years, which should result in an increase in Ni prices Most certainly under the radar still and a bargain at these prices!

I can only think the reason why the sp has not moved substantially higher since the PFS is because HZM will not be a producer for about 4 years, that and the poor sentiment towards mining shares in general at the moment. The next piece of news which should in theory be a major catalyst for shifting the sp will be a bankable feasibility study in about 18 months time. If that doesn't shift the sp nothing will. In the meantime there won't really be any major news, so I can see the sp drifting at the 6p price for some time, or even dropping slightly lower. I often wonder what timeframe brokers use for their 'target price'. HZM has been given a target price of 55p. Over what period, the next 6 months, 2 years, 4 years?? I certainly can't see it hitting that level until it starts making a profit which could be 5 years away. I'm going to tuck this one away for the long term but look for other opportunities in the meantime. Sula and NMG are two I feel could be 5 baggers at least over the next 18 months. Worth taking at look at.

Full page article in this week's 'Shares' magazine recommending HZM as a 'buy' as a result of the PFS.

The article you refer to was a 'Proactive Investors' article a while back now. The article does indeed reinforce the fact that HZM is now undervalued about 6 fold compared to its nickel mining peers. It does make you wonder sometimes what it takes to move the sp. This PFS is a very significant milestone and I expected at least a doubling of the sp. I think it's partly down to poor sentiment towards mining shares in general at the moment. I suppose it's just one we'll have to be patient with, but I'm convinced that those of us who have got in early will reap the rewards later on. 'Sula' is another one worth watching - very undervalued at present.

Yes the PFS news is very encouraging and reinforces what we'd all hoped. I'm quite surprised the market hasn't reacted more strongly to the news though. This will be a slow burner I feel but as the project is significantly derisked now it is well worth hanging on in there. Massive upside potential!

News isn't exactly forthcoming with FOX. Nothing now since Dec which is pretty poor. I have high hopes for FOX but I feel shareholders may well get disgruntled soon with the lack of any newsflow.

Yes, my understanding is that the AGM is tomorrow. I would have expected the PFS to have been released prior to it but as you say it could be anytime this week. Still seems very under the radar at present.

Ground control to Major HZM bloggers....anyone out there???