PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Interesting to look back now on what was said then, worth a flick through.
https://www.sharesmagazine.co.uk/shares/share/HZM/news/shares
love it dj.
You have now stretched me to 7.5p, i agree on the value but I think some price setters will be looking at Araguaia as the only guaranteed project at this time and will argue the equity price on that factoring there need for returns. But I sure do prefer your number.
I am really not overly fussed about dilution, as its investment into balance sheet assets which will carry value, as opposed to raising money for drilling holes in the ground and exploration etc.
So for clarity are you meaning SP post completion of finance package or just the equity piece?
Upped mine to 7.5p before any more entries arrive!
Brisk 14p.0p
djryan777 12.0p
ilfc4life 10.0p
craigieboy1 7.5p
Brisk 14p.0p
djryan 12.0p
ilfc4life 10.0p
craigieboy1 7.0p
ilfc4life 10.0p
craigieboy1 7.0p
lol:)
DJ, is it time to update the LSE BB stock holdings as I see lots of new names and updated holdings? We must be collectively near 15% of HZM. I increased mine a tad a couple of weeks back but for round numbers sake 28m is still good enough.
Wasa, for a laugh I will open up a new comp.
A Predictor for the SP value of the equity raise.
I will open the betting
Poster Forecast equity raise price
Craigieboy1 7.0p
Funny enough Luke I just emailed HZM today to congratulate them on the project progress.
Big trade to show later? something is really pushing this on.
Can you share the link to the articles?
That was a very volatile trading day, probably the most volatile I have seen for a long time.
It will have provided an out opportunity for traders and a fair old churn above 5p which is good for consolidation at the higher pricing.
A daily rise of 0.2p - 0.3p here and there while we consolidate will do very nicely
99% SIPP with HL, balance in share account with same.
Great value in both our forecasts DJ and a roller coaster ride is guaranteed with both also, but I do hope you are right with your forecast.
Fun to watch it happen too.
Perfectly healthy process to have profit taking following the significant SP gain, lets see where we settle, some traders that just cant help themselves will try their hand again having closed off this round of trading. We have now nudged 5p 3 times in the last 6 trading days but not held that ground yet.
At previous steps up HZM has faced major volume coming to the market from RG, CF, JPM and recently the NUMIS handbrake which now looks to have been the temporary home of the majority of the JPM stock rather than a fresh seller. This type of SP pressure is not currently present.
It will be interesting to see the news flow through Q4. I would expect equity first at 5-7p, then offtake to lift us to 7-8p, then completion of finance and construction starting bringing a step to 10p.
Whether this action gets the attention of funds who buy in on the open market rather than via an equity raise could provide fuel to the SP progression, also Nickel price development will impact a SP that is heading to production as it now directly impacts the future profitability. Vermelho as always remains the wild card.
Exciting times ahead which ever way you care to look at it. GLA
Thanks Wasa, as you know I have been invested here for 7 years and took the opportunity to fill my boots at 1.5p in 2015, I never thought I would see it back there in 2020, I bought plenty more at higher prices as we have derisked,but the market does what the market does, all we can do is make our own choices, invest and wait or trade in and out - each to their own.
Exciting times lie ahead, everything points to NUMIS having finished the sell down, so we should be in for a fair assessment of SP against the market as the news flows late Q3 and Q4.
We are very well positioned with Araguaia and I expect a double digit share price once financing is fully completed and begin construction, it may well be Vermelho updates that keeps market interest and SP through the build phase of Araguaia but would be surprised to see the equity raise at double digit SP.
Worth another holdings update chaps, plenty new names on the BB and plenty of the more familiar names have added.
I don`t think i have seen this posted, apologies if so.
https://www.mining.com/horizonte-tasks-banks-to-raise-325-million-for-araguaia/
Should have said, click on the various tabs to see the various info on the volumes/value etc