Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Wasa, confirming no bed and ISA for me. Big boys getting I reckon.
Follow the money…
I think for those still wondering Wasa, follow the money may be a good idea.
That trade is considerable by any stretch of the imagination. My guess is it’s a new position but time will tell.
All IMHO of course.
That explains the recent rise, very good to see a > £2m position being taken.
First of a few I would reckon.
https://seekingalpha.com/article/4567018-nickel-miners-news-for-the-month-of-december-2022
I just spotted 2 large trades completing on 3rd Jan at 146p. I suspect that's what gave us the lift to 1.46 on 30th Dec.
Biggest trade I have seen for a while.
Still holding 1.4m and will continue to.
Looks like a few more have done the same today Wasa. Good timing in mopping up some of the 140p sellers.
Best wishes to all for 2023, should be a good year for HZM with the current outlook. Plenty news to come in 2023 as we progress the build at Araguaia.
Vermelho remains the dark horse, what will become of that in 2023 I wonder, also serious potential for a bid as Araguaia gets closer to production.
Good luck all holders.
Its a reasonable article for sure, although I think he sits with a glass half empty rather than half full - fair enough, each to their own view.
On a first read I think the key items that he doesn't consider is a potential partnering deal on Vermelho or a full blown buy out on ramp up.
Anyhow - Merry Christmas all holders, hopefully 2023 is rewarding for us, BOD buying (although small) at 140p is a positive sign
Check mining.com. I posted an article yesterday where FT reported potential sanctions on Russian metals.
Excellent news today. Well done to Jeremy and the HZM team, it always takes longer than we like but they continue to do what they said they would. We should be tipping our hats to them.
I imagine a bit of churn around the £1.40 mark may take place while any loose money left over from the main equity raise exits. Then upward when fresh institutional money enters.
Happy days and most exciting is the value unlock ahead as we work towards commissioning and start up through to ramp up of output. Still a steal at these prices.
https://www.mining.com/web/european-commission-weighs-sanctions-on-russias-mining-industry-ft/
Good spot. Bargain of the year for buyers at these prices too!
Going forward much more focus from Nickel buyers will be on where Nickel is coming from and it’s ESG credentials. I can see a situation where certification and chain of custody controls become more and more prevalent. Dirty Nickel so to speak will be likely to face reduced demand as carbon modelling though emissions tracking in supply chains becomes enforced. Thus clean Nickel will be in high demand. The Hydro power for Araguaia is a golden ticket really.
Interestingly the he volume is still relatively light and the new equity looks to be in sticky hands, there has only been 1 day between now and March when more than 1m shares were traded and that was on 5th Oct.
That would indicate we have yet to see the new institutional investors joining as volume should increase significantly. The trigger they are waiting for may be the bank draw down announcement. Due anytime in December I would think.
All IMHO.
I wouldn't be surprised if this news piece is linked to the approaching debt draw down as it may be one of the banking conditions to be met prior to the approval of drawdown. I wouldn't be surprised if it was a condition. If I we were the banks I would want to see a power contract in place.
Just thinking our loud....
Yup, more great work from the team. This is very good news indeed. It’s all coming together nicely.
The cost to complete fund raise aside of course, but that was forced on us by the banks.
Hopefully this news is well received, it should be.