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Ditto Wasa.
Not seeing those prices on my L2 console. 1x 6.4-6.6, 2 x 6.4-6.7
Yes, good to see Q3 confirmed, that means its imminent,
Interesting little snippet re Royalty finance, bullish stance there.
"There is considered to be a higher probability that the Group could in the future exercise the Buy Back Option and therefore has undertaken a fair value exercise on this option"
Right metal, right assets, right time
Oops, missed the position of the 5. cheers. C
Down 40kt in last 60 days.
http://www.kitcometals.com/charts/nickel_historical_large.html
Agreed Wasa, SP doesn't really tally with the risk/reward/cash but there we have it. Some not willing to wait or cant or reckoning they can buy back cheaper during equity piece or afterwards and reducing positions accordingly. Some risks to that option I would say and I prefer to stay fully in as we can regain all lost ground in just a few minutes. Each to their own of course .
Half year is due soon which is bound to attract a fresh or partial credit approval update if one has not landed by then.
Its anyone's guess, been a holder for 8years and it continues to surprise both high and low.
Subject to financing Araguaia is a known entity and should rerate the share on completion of credit approval, then we have offtake impact and equity piece dilution. Pick a price and pick a number of shares. I est 3 to 3.5 billion shares in issue at that time.
Overlay then becomes Nickel price driver for the NPV and timeline to Araguaia 2
Second overlay comes from Vermelho, how quickly it gets developed and partnering etc.
Possible 3rd asset from such a large district is another possibility
Keeping it simple I expect to share price to be in double figures for this year end starting with a 1, and end 22 starting with a 2 and again double figures.
Last years HY results were issued on 14/8, 2 days before that the debt syndicate mandate was announced on the 12/8.
Hard to believe that was a year ago, and now 1 month into Q3 and counting.
Could lightening strike twice in August I wonder, fair chance I would say.
Nickel testing the $9/lb marker - will it breach it today?
The price forecasting is fascinating, many differing expert views with little or any skin in the game and broad caveats. My own simple method is LME stock and commentary from the Nickel supply chain with skin in the game, miners and traders such as Glencore and buyers eg Tesla.
None of the trades I can n see are duplicate. I have seen that before but it’s not showing on my system today.
My thinking is Orion Mine finance as cornerstone, of course their could be more than 1 in play- thus providing options
Meant to add for the record having seen a few queries about the selling volume. I have not sold any still got my full holding. Actually bought a few more a few weeks back.
Given the drop in the share price the smart move would be to announce credit approval and perhaps offtake agreement in advance of equity placing. I would hope Jeremy will be adjusting plans accordingly.
It’s a bit like a marathon, many quit in the last mile rather than grinding it out.
Keep the faith, my thinking is the debt credit approval can’t be far away. I just hope it gets announced separately to equity and offtake, given the H1 objective was missed it would steady the market nerves.
Lets hope we see bank credit approval news before August kicks in and the market goes to sleepy mode until Sept.
I am not so sure there is a lot of traders money in HZM at the moment, the current share price doesn't suggest that and many may have moved on with the drift down since May and the mention of Q3. I am sure they will arrive in force on the day though....
History does suggest high volatility so as usual it will be hold onto your hats and then land at a much higher base once the dust settles.
Credit approval is the BIG one though so lets see where the roller coaster takes us. I am not making predictions other than substantially higher, TBH I am more interested in project and process completion and the nickel price than share price at the moment as my time lines are 3-5y in this stock before I trim my holding. Having a higher price does of course make one feel better in the short term.
When you consider the value of 4m+ Tonnes of Nickel in the ground it ridiculous. Once the gateway finance is done for Araguaia and construction started it should be game on. News flow on vermelho to sustain interest during construction.
For the patient investor IMHO this opportunity is unsurpassed.
Ditto
A short but comprehensive update. Under starters orders and looking good.
Next news piece is the debt related credit approval hopefully
Fresh 1.5m buy, we have some competition on