Member Info for DusterMan

Couldn't agree more BigSmoke. Been hoovering a few up myself today. This beast of a company will sort itself out and already is, it's not going bankrupt and debt will be reduced. It's way way oversold already. 140p to 7p in 3 years. Its cycle change time now... GLA

Kabba I agree, if debt is brought down then the long term potential here is massive as the share price has been hammered down to a minuscule amount, I’m a new long term holder on this not a day trader. So a 2 year plus wait is no problem for me. This is a huge company, they are on our side and want to succeed also that we must remember. We fight together. GLA

So if we have turned a corner, project 2020 meets targets with debt reductions which is very possible, news flows become more positive including more very nice diamond finds, what are yr guesses for the sp in 2 years from now?

Would be nice to know...double bottom. The very bottom....mmmm. Lol

This will turn around and in three years will be back around the £1 level. Project 2022 is just the beginning, dont miss out. Such a bargain this for a beast of a business

Richard Duffy commented:
Petra delivered solid results in both a difficult market and during its continued transition from a period of high capital investment to a steady state operational phase. The focus in the short term is on driving efficiencies across the business through Project 2022 to provide a stable, consistent operating platform off which to drive improvements, supported by an appropriate organisational structure and cost base to enhance our cash flow generation and significantly reduce our net debt.”

Project 2022 launched with project team established, led by senior project executive, to identify and drive efficiencies and improvement across all aspects of the business to enable the Company to deliver an initial target of $150-200 million free cashflow over a three year period, based on flat nominal pricing over the three years.

Project 2020 is addressing the debt, just wait and see. The share price has already factored in the bad news over the past. Now looking to the future, debt reduction and company turnaround including the share price. It’s not going to happen overnight but it will. Lovely find this week, keep up the good work Petra.

The dip is being bought into nicely, let’s push this baby up now and scare some shorts :))

Back in the 20’s soon yes, this ones a coiled spring and it’s about to be unleashed

A very low share price for potentially huge rewards. This could easily be 50p and more further down the line.

Good luck, 7 years is a long time. I’m now officially a HZM shareholder. I see the demand for Nickel sky rocketing even from these levels. Once global demand fully takes hold it will go ballistic. So the mines 2 years away from production right? All being well of course. GLA

First thing in the morning I'm buying in. I've done some research and see huge potential here long term. Of course everything has risks but I certainly think there could be a big upside here...GLA

Thanks for the heads up guys :))

This is looking great for a long term investment, I was in sxx unfortunately and still am although I’ve lowered my holding. I will do my research here and possibly invest. I just want a long term investment with minimum risk. Is big funding required for HZM? I’ve read recently that some funding was agreed which is good. Also is Brazil safe, no land grabs or anything daft...any info much appreciated although I will do my own research as I mentioned :) got to be careful now after the sxx bloodbath

As an investor here for a long time I urge people not to take decisions based on what they read here. Mostly people here have there own personal agenda and will lie and twist things to try get others to buy or sell. They can have multiple accounts to try scare people out or to buy in. Know body here knows what will happen and that’s a fact, it’s quite possible things could turn around fast with one bit of good news or it could keep getting worse. Personally I’ve reduced my position lowering my risk but at the same time keeping some shares just Incase. But each to there own. Don’t watch the muppet show and take decisions on that. GLA

JonesRichard. God bless you bud. You stick to your belief and don’t let any of the snakes on here temp you to change yr mind. There are multiple account holders here posting only for there own personal agendas. I know that 100% is true. Don’t trust anyone is what I say to be sure. I’m not saying everyone is a snake, but there’s more than a few slithering around....this could easily turn around and very fast.. Good luck

From Chris Fraser
Mr Fraser, a former Citigroup banker in Australia, insisted that the company would be able to sell the bond next month after the current bout of US-China tensions ease.

“This is about good execution?.?.?.?the market is just going through a readjustment at the moment in terms of pricing and risk,” he told the Financial Times from New York. “As soon as the market comes back online the other side of the summer break, we will wait for that period of stability to launch the transaction.”

Buy or top up, it’s the best time to buy in the middle of a bloodbath. Read the RNS it’s only a delay until end of the quarter (So 30th September max) the mine will be finished and the monies raised...huge over reaction but anticipated. Massive buys going through now

The share price is low because the mine isn’t finished and the company has borrowed large amounts of cash obviously needed to fund the build. If the mine was already finished, production pumping out nicely and debts being paid then the sp would be much higher. I live close to the mine and see the progression and it’s a unbelievable fantastic project to see. Completion isn’t far away and neither is a better sp in my opinion. I’m a long term holder and think this investment will pay off. Invest now for a lower sp or wait till everything is finished and pay more. The choice is yours. But it will get finished and on time in my view. Go look for yourselves if you live in the U.K. :))