Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Interesting to note that level 2 actually firmed a bit yesterday with 2 MM`s on the bid now @ 6.9p and 4 on the ask @ 7.0p
We are still seeing selling dominating slightly on pretty tight spreads with buys under mid price yet the market is tightening suggesting there is a buyer or two sat in behind with an order to fill. I am wondering if the next piece of news becomes pivotal for the move up. Maybe the ground breaking RNS could do it.
Time will tell. GLA
A Tier one project with Tier one industry investors, Tier one lending banks, Tier one offtake partner, Tier one equipment suppliers now taking shape as the progress unfolds with the award of contracts.
All looking good, just need that Tier one share price kind of thing to develop which I am sure it will in due course.
John my own view is that the equity raise at 7p saw too much fast money come in looking to turn a quick buck. Evidence was a considerable short sell by Maven on the day the deal was announced, they short sold their shares before the even got their hands on them. This was pretty naughty and caused a share price drop and this has led to a lengthy wash out phase where the fast money that’s likely booked in into the next deal has to come back out. Once we break the 7p resistance I think we should be set to go. All IMHO.
interesting to say the least, dark forces at play.....
not sure on accuracy, but looks to be updated monthly
This is a decent site to track ownership movements. As we are currently only around 0.3% of Araguaia stage 1 NPV we can expect the institutional investment to increase steadily as we move towards production.
https://www.morningstar.com/stocks/xlon/hzm/ownership
My thinking is we are seeing the equity raise wash out final finale, well hopefully anyway as its taking its time and we wont move on in SP until it completes.
At large equity raises which are done at a discount to market, fast money aims to move in and out and onto the next deal., long money stays in eg Orion, La Mancha. I think the Maven short sell really upended that process and has lengthened the time the fast money has stayed in as the short sell depressed the share price and flushed out many private investors in the process, thus as we get back to around 7p we are seeing that remaining fast moving money coming out for the next deal. No time to waste type of thing.
One the other side would be institutional investors taking a stake, hence a very steady price through that process. Sellers matched up with buyers type of thing.
Just my view of course.
http://www.kitcometals.com/charts/nickel_historical_large.html
PP well done for bringing us back to a topic of interest.
Yes the bigger trades are hard to read and looks like the wash out from the equity placing is in its final death throws although you never can tell what’s going on but we are seeing less of those hard to read trades. I said that a few weeks ago yet still we see the churn but less.
I think the share register with Orion, La Mancha, Glencore and Teck etc combined with the balance sheet to fund Araguaia is a now very robust position, couple that with a $25m pathway to DFS for Vermelho then it follows that HZM has the toolkit to ensure full value is realised in the near and medium term future. No matter bid or go alone. Ideally positioned really.
When we least expect it I wouldn’t be surprised to see us move up quickly. It’s just a matter of time.
In the end value always outs.
Exactly...Dec 2022 price target of 21p/share at $8.5/lb Nickel (ignoring Cobalt pricing ), their Nickel chart tops out at $11.50/lb and doesn't go high enough to price the value of todays spot price.
But for the sake of it lets say it balances out at $11.5/lb in the years ahead = approx 38p/share. for Mine 1 Line 1. A2 is a huge value kicker and Vermelho sits as further incremental value to come.. personally I am also sitting verytight for sure.
The previous December note is worth a read also, its specific to HZM and is more specific on valuation etc. HZMHZMhttp://cantorcanada.com/sites/default/files/HZM_20211223_publish.pdf
Huge volumes and major share price dip came to pass.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02497294-2A1362225?access_token=83ff96335c2d45a094df02a206a39ff4
Looking at the larger block trades so far this week it looks like we are still washing out the last of the shorter time based equity money. that's already pointed towards the next equity deal at a market discount, sign up dump the shares for a small profit - rinse -repeat.
Lots of larger trades often at mid-price which really soaked up the buying. But our day is coming - no doubt about that.
Every day of churn out of the fast money is a day nearer the pop. Tests the patience I know but......2y aint long. That was the start of the pandemic, doesn't seem that long ago.
I think its was a test trade for the HZM 2024 share price......
More and more fascinating, thanks for the links.
https://stockhead.com.au/resources/ground-breakers-wartime-volatility-sends-nickel-price-parabolic/
Reggie.
Have a listen to the 3 min clip, right from the horse mouth so to speak. Commissioning Q3/4 2023.
https://www.brrmedia.co.uk/broadcasts/6218f8f727256437f864f275/horizonte-minerals-award-of-furnace-contract-to-hatch/
Nickel really going for it again today.
I wouldn't like to be Tsingshan sat on a massive short position.
Nickel mines are turning into gold mines at these prices. with 16 months or so to planned commissioning the SP will be marching on
I agree Salmonn, good post.
HZM are dealing mostly in Tier 1 everything where it makes sense to do so. Managing risk out of the project and expertise in. Its very clever and astute.
Board and senior management team,Cornerstone investors, Banks, PFS/DFS contractors, equipment design and supply, ESG positioning, etc etc.
At the end of the day its all build and operational risk that is being managed here and it will add serious value when the time comes.
Just a matter of when not if the touch paper gets lit in my view.