Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Nickel has now crashed on the MCX, it has gone to 2,929 Rupees. In USD, I think we should see a consolidation of about $30-35K a tonne (on the UK exchange, its still closed though). What price does everyone think it will settle at, this squeeze has shown how tight the market is, thus the price should be a lot higher than it was last week. Cheers guys.
' Regardless of what company you are invested in, when there are over 3 billion shares in issue it can’t be as seen an an attractive investment ?' Yes, obviously 30 billion would be bad, but just because there is a large share count it won't scare off investors, this is still a solid play and will attract many more new investors. That is obviously not what FTC is saying, read what you initially said and please try and use at least one brain cell before you next post, it is not helpful for anyone when people like yourself continuously post crap, it just confuses people. If you have a good point, negative or positive, then please post it, have a good evening! *sigh emoji*
How does it matter how many shares are in issue 'regardless of what company you are invested in' ? Look at the FTSE 100 and a lot of those companies have 5bn+ shares... Not great for us yes as we were expecting less, but stop posting pure breeze mate. Thank you
Just to clarify what I meant, this deal really isn't too bad and most importantly it is now done. I am not going to lie, at times I thought it may not come, it took so long as it was so complex and such a large sum of cash. I'm not selling until we see 40p, call me crazy if you like! Round of applause to our boys at HZM!!
Hi Wasa,
Thank you for another detailed response, I would definitely take a 10bn market cap!!! Exciting times ahead and I will not be selling any before 30p+. I hope you are correct about the cornerstone, that would be excellent news. I hope the mm's start to realise what we actually have here, 4 mines with enormous and profitable deposits. If and when the execution of the mining is a success it should allow us to proceed without any need for further dilution, which I have no doubt will be the case. Have a good evening all.
Hi all,
Thank you very much for your detailed responses. I was accounting for there to be an additional 1.3bn shares in issue meaning there would be 3bn outstanding shares in total, does that sound totally mad? That would mean a MC of 1.5bn for 50p and 3bn for £1. I hope nickel continues to rise, I think we would all agree a tonne should be worth at least $25k+/tonne in 3 years, but equally I hope it is not as volatile as it was in the mid 00's to prevent excessive volatility in HZM, although I would not be adverse to seeing nickel at $45k/tonne if it stayed there !! Good luck all!
Hi all,
I was wondering what people think this stock will reach on a 1, 3 and 5 year view. I predict 15-25p in a year (depending on the deal and cornerstone), 35-40p in 3 years and 50p-£1 in 5 years. I am feel these figures are very achievable, but saying that I would be lying if I said I was a veteran investor (I turned 20 last week!). I have 291k shares and have been buying more stock on every available opportunity as this is by far my strongest play, although I am also very confident in my other stocks (PRE and ACP). I would love to hear everyones opinion, thank you in advance and I wish you all the best of luck!!!
Also does anyone have any good recommendations for a broker who offers call options for HZM at a reasonable rate as I feel this could be the most efficient way to utilise my limited funds. Thanks