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Excellent update, providing a confidence boost for anyone with any doubts on progress.
Jeremy looked particularly pleased when the topic of the BMO conference came up, “we have a full schedule”
Exciting times ahead for sure
You would imagine and hope that as joint broker BMO have HZM involved. https://capitalmarkets.bmo.com/en/news-insights/news-releases/global-metals-mining/bmo-host-30th-annual-global-metals-mining-conference/
Great to hear confirmation that all is well. 2 yr build restated.
First of many updates I suspect. Bring it on.
Lol....Well I checked my account to be sure, and they are all still there, phew!!
Interesting day though, I did say last week the malaise looks like it was coming to an end and typically there are fire work trades at the end of these things when the final tranches are cleared.
Time will tell and good luck all.
Some other roles currently advertised on HZM website as they build out the team.
https://horizonte-minerals.factorialhr.com/#jobs
I read that that the US and UK would stop Russian firms trading in their currencies. In principle I think the sanctions will be massive and far reaching. Hopefully a diplomatic solution eventuates but its not looking like that route will come good right now. European gas prices will skyrocket if Russia closes the gas pipeline.
Ironically an invasion could well further bolster Nickel pricing with 7% of world supply coming from there. But some of that may already be priced in.
Well worth a read.
https://www.mining.com/web/electric-vehicle-battery-demand-surge-supercharges-nickel/
Good to see these bigger buys, there has been several of 1m or so during the last few weeks. Hopefully the malaise is over.
https://www.mining.com/web/lme-warehousers-slash-capacity-as-metal-stocks-drain-away/
https://www.mining.com/web/trader-known-as-big-shot-battles-mystery-nickel-stockpiler/
I am wondering if the stock overhang has begun to clear. Less lumpy sellling last few trading sessions.
Time will tell.
This is very standard lending practice, why would the banks take the risk and lend on fixed rates, and why is it concerning? As soon as they hit production, why wouldn't they refinance at a lower rate and potentially a longer period.
Either way Nickel price is knocking it out of the park at $24k/t. The could pay it off in a few years if they wanted too, but developing line 2 will also be a key priority
With such a large Nickel district it wouldn’t surprise me if another asset/deposit get declared at some point. Who knows what they have under wraps.
Strummer I think some fast money that came in the equity deal was surprised by the Maven short. Perhaps looking to flip the money quickly and got caught out, like many Traders. Perhaps they have the next deal booked and cash committed to the that deal and need to exit at a loss. Plenty buying going on as we have seen in the past but no movement upwards yet, it’s a case of churn, churn at the moment. But it will turn.
The silence from HZM is very interesting though, unusual given all the pre deal hype we have seen and expectations of news flow in early 2022. Interesting to say the least. Sibanye deal cancellation catches my eye.
Sorry, great minds…
Yes, BM, reat minds. Something brewing I feel. Just a hunch.
I noted the $1b Sibanye Santa Rita purchase deal cancellation recently, could they be talking to HZM re Vermelho or perhaps the entire asset base? The Santa Rita deal was a Brazilian asset. Just a thought?
Agreed though, it’s mysteriously quiet on the news front right now given the hype pre deal and expected news flow in January. Just thinking out loud really.
Live warrants now at only 44kt in LME, it’s going to be interesting to see what happens to the nickel price if stocks continue to reduce. Current pricing around $23k/t is very healthy for HZM projects, I understand the stress test on the debt element of the financing package for Araguaia was around the $13k/t mark. Araguaia is a cash machine at current nickel price.
Hi all, I have been on leave so not been saying much.
Plenty said already on this thread so not much to add... so just a few points
1/ HZM have never been a drip feed news flow, more punchy meaningful items seems their way
2/ There remains a stock overhang by the look of things with selling still taking place down to around the 6p area, little point providing benefit to a seller by bringing out news, perhaps waiting for that overhang to clear if they have sight of it.
3/ Still holding all my previous stock and in fact now adding at these prices.
Yes, it’s all a bit tedious at the moment, it looks like a stock overhang continues and despite some significant buying he price remains depressed. Yesterday was a good example. It will clear eventually. Some news would help….
The Maven short sell has really put a dampener on this share for now, it needs some fresh momentum news flow
Back to the waiting…..