Sorry, MUCH higher.....
Yes I think albeit bizarre but the COVID19 pandemic may well result in HZM getting a better deal, lower rates and more government desire to support infrastructure projects or even underwrite them to an extent- but an update would be welcomed very soon please JM, there must be something to report or that can be reported.
Ref our future returns I like to think the most Private Equity investors such as Orion are looking for at least 6-8 times their money, this is to cover the risks of where they invest and over the piece with the odd failure and odd flyer they do very well. So as soon as finance is fully confirmed and we march towards production watch this fly, Orion investment is line one for Araguia, nothing on line 2 and nothing on Vermelho. I would imagine that by production we should have a P/E ratio of around 5-6, so it will be about the Nickle price then, between now and then is anyone's guess but higher then 3p for sure.
And the pension!
Yes that all makes sense, I think if we get some sort of evidence that the finance process is on plan to complete this should be a major catalyst to sustained SP, ideally in the near future. JM advised some time ago that the DD visits had completed so I expect an update at some point, prior to finance completion.
HZM has been a sell on news stock for a long time, including some major investors, but the news that finance is looking assured should convert HZM to a buy on news not sell..... all IMHO of course.
I am very relaxed and have a similar timeline to you, some cash out at retirement then let the divi`s roll.
Hi Wasa, I have given up guessing with this one, but your numbers seem reasonable. But in the end what will the market make of it?
Production status is where the real money is, I am waiting for that, to a bid offer of course.
Haha sorry, should say Wealth fund....oops.
Should be some money around for investing in something else then....the size of the fund is quite something.
https://seekingalpha.com/news/3573708-worlds-biggest-wealth-fund-blacklists-four-canadian-oil-firms?utm_medium=email&utm_source=seeking_alpha&mail_subject=vale-world-s-biggest-wealth-fund-blacklists-four-canadian-oil-firms&utm_campaign=rta-stock-news&utm_content=link-3
Nice little appetiser on the run into the AGM, hoping for more direct updates on finance progress though. Surely something is due.......
The morning tree shake by MM's doesn't look to have gathered many sellers.
AGM is this Thursday, something tasty on Finance either pre or just after that would be good to see.
We have to bear in mind that the financing of the mine is based on the future projections for Nickel price, not the current.
In particular the 1st 5-10 years of the mine life in which the initial loan will be repaid, that is also when the mine will process its highest grade material to maximise cash returns during this time.
Of course line 2 can follow and we have a 28 years mine life so its a long outlook.
So fundamentally its the projected future Nickel price we need to be concerned about, i think the outlook on that is still bullish from current pricing and bizarrely the COVID19 recession will help demand in the medium term with infrastructure projects chased through around the world, of course the electric car market goes without saying.
Breakout around AGM by any chance! It would be super timing, Nickel and markets firming a bit, so could provide the required launch pad.
Hi all, sorry I took a weekend off the BB`s!
I first got into HZM having been an investor in Glencore when they sold GAP to HZM, what attracted to me was it was a shares only deal (from memory) then I did extensive research, they also took the final payment in shares recently. That tells you what Glencore think.
Yes I have bought millions in the 1.5p range some time ago and not sold any, I don`t trade these at all and the story has developed strongly for HZM with the asset developments and licensing, its only the market that has not reflected this for any length of time, various major events/exits by major shareholders hindering the market also of course, now we are primarily waiting on confidence that finance is coming- I think that is the game changing announcement which could be just around the corner.
Anyone waiting on lower prices is playing a dangerous game. Its potentially the last major step which could see investors not traders getting into HZM, ie not the traditional sell on news, perhaps the opposite for once.
I am a private investor Ivornomoney.
Goof luck all.
hi all. I am around 28m at a midge over 2.5p, buying as high as 4.6p but hoovered lots and lots around 1.5p area. I do hope for some news on financing soon, even just an update on progress, perhaps on the lead into the AGM?? but it needs a receptive market, otherwise its wasted news.
I will hold all the way through to production, that where the real value lies, I have held for around 6y, frightened to come and go in case I miss a game changing bid/offer moment. So I compare my patience with that of a saint. GLA.
Fully aligned to your thinking there Flavourshaker. JPM would be my guesstimate too.
Its a bit like Chinese torture- drip, drip, drip, drip.
I look forward to it ending but likely needs some major news flow and volume to flush them out.
Indeed, regular as you like day in day out, sometimes more some times less but constant for months.
As I have stated before I believe we have a distressed seller/major shareholder reducing/exiting perhaps due to satisfy redemption etc.
But surprisingly no TR1, however I think an update is only required when they finish a packaged sale process. But then again its AIM and anything goes.
It can often reflect in the SP, lets hope we continue tracking back towards something more sensible for the market cap.
28.7m here. But they are not for sale! I have the patience of a saint.
HZM can and will control costs and cash out accordingly, keeping in mind the likely completion of and progress towards financing etc. I have no concerns on cash, well said AIM.