Member Info for Early_Bird

MMs need them badly!

building nicely.. 4/5/6p range in play soon



Revised DFS



Binding off-takes



Project Finance



Mining License

All pieces of news due next short while

£12m Cap at the moment is far too cheap when you have $358m NPV vs just $38m Capex being so close to financing

£15m EV gives you two x very advanced globally significant Ni assets with financing incoming and major billion$ Orion on board already - they could finance the whole mine

Patience will be rewarded

If you have 40mins to spare, this March 2019 investor call a great listen

"we have the equivalent of three Onca Pumas in our portfolio"

https://www.youtube.com/watch?v=G84W1FwygH8

Onca Puma sold for $850m when it was at similar stage to Araguaia...

£3m Cap

Mine should be reopening soon.

Recent £1.9m raise at 85p = funded.

Revenue last year £4m and company target NET profitability in 2020...

Lots of companies in resource space now bouncing from lows so I expect this to follow suit.

https://twitter.com/marketgem/status/1257611412442099717?s=20

solid update today. Provides confidence GLA

big move coming!

two tier on Nickel assets, funding in advanced stages for Araguaia and for Vermelho we await their plan id expect a strategic divestment or JV there with EV battery manufacturer.

£17m in cash.. no debt

Onca Puma sold for $700m+ when it was at the same stage as Araguaia is now and HZM are sitting on equivalent of 3 Onca pumas..

Value here is off the chart just a matter of waiting for fair value

Tesla will surely be looking at Vermelho with a very keen eye

seems a total no brainer. Most mining stocks are flying off lows, HZM still near 2p. £17m cash in kitty... not least Its about time company gave an update

should add fuel to our fire..

https://twitter.com/andrew_neal7/status/1257279323226152960?s=20

*exec directors

Parts I like is that the new director is getting his bonus paid in shares, 5.5m shares and there is a share incentive plan to align the non exec directors whereby they have to buy 200% of their salary in shares over a fixed period. Time they start buying then...

Of course the backdrop to oil and gas pricing means forward forecasts are near impossible on the oil and gas side of this business.

Fundamentally here they have $12.8m in cash and also $15.5m to be paid to them on loan maturity in February next year.

Michel has a huge net wealth locked in this company and im sure as a director on a small token salary he will want to get this back to where it used to be. It comes a stage where shareholders will have to call an EGM to return all cash to shareholders and wind the business up should they continue to perform poorly. This would result in $28m net cash being distributed which is nearly 10p per share.
Will directors return shareholders a share price of 10p per share over the next 18months-24months through their activities in Ukraine?
looking unlikely, so Fady will have his work cut out to invest in more lucrative areas outside of Ukraine by leveraging this $15m loan when it matures as well as the existing cash balance.

This this soon could be one of the darlings of AIM, any conclusion on financing discussions could get this one going crazy.
Happy for it to steadily build like this over the coming days and weeks until then though.
Some big well researched shrewd investors have been taking positions at these levels..

agree Jam

Big things coming here I feel

Worth noting that the whole of Mehenge region where ACP is based is fully supported by Tanzanian government. All the peers had no problems whatsoever getting mining permits, all got them very swiftly as this is an industry they want to build on knowing that the Chinese are sniffing about

very conservative target for when they get financing.

Cant see this staying at these silly low levels for long given the newsflow lined up :-)

Should be trading 5p+ at the moment and 12-15p on financing

Yep having capex of just $38m to unlock $360m NPV and over $800million free cashflow over LOM is totally different gravy to projects requiring hundreds of millions of capex to get them in to production.

$38m at a 90% ROR on investment its going to be one *very* easy project to finance. Note also the interested stated in todays RNS.

Fair value here will come over time, 12-15p on financing is what im here for and its on target for the second half of this year.