Member Info for F1ddy

The company stated they "anticipate" not guaranteed, completely out their hands. Patience will reward.

I'm wanting to top up on Thursday, so its practically guaranteed the RNS comes tomorrow or 1st thing Thursday. Screws with my plan of holding my larger stake long term and taking advantage of short term for money for nothing.

I don't see why a day or two delay makes any difference to reputation. By all accounts and rights HZM have done absolutely nothing wrong and were likely told to expect confirmation by the end of Q3. However with covid ruling the world and time scales at present anything can happen and it will only affect those who are trading or want small margins, for LTH it doesn't matter the end goal is the same.

I'll 100% top up end of month if the RNS hasn't arrived, easy way of potentially doubling money short term on a small scale for other investments, my larger position is long term.

NEWS RELEASE

13 September 2021



HORIZONTE SECURES APPROVAL FROM EXPORT CREDIT AGENCIES FOR THE DEVELOPMENT OF THE ARAGUAIA PROJECT



Horizonte Minerals Plc, (AIM: HZM, TSX: HZM) ("Horizonte" or the "Company") the nickel company focused on Brazil is pleased to announce that it has received formal credit and board approval from two export credit agencies (the "ECAs") for US$146.2 million of the senior secured project finance facility (the "Senior Debt Facility") to part fund construction and development of its Araguaia ferro-nickel project ("Araguaia" or the "Project"). The ECAs are EKF, Denmark's Export Credit Agency ("EKF") and Finnvera plc, Finland's Export Credit Agency ("Finnvera").

The Senior Debt Facility comprises two tranches, of which Tranche A of US$146.2 million is to be guaranteed by the ECAs in relation to a number of key equipment and service provider contracts. Tranche B of the Senior Debt Facility is expected to be provided by a syndicate of international financial institutions (the "Senior Lenders").

The ECA approvals are a key step forward in the project financing process, and Horizonte is now nearing completion of the credit approvals by the Senior Lenders for the balance of the project financing of Araguaia.

Endeavour Financial is acting as financial advisor to the Company and Norton Rose Fulbright LLP has acted as legal counsel to the Company with support from the Freitas Ferraz law firm in Brazil.

Horizonte CEO, Jeremy Martin commented: "The receipt of formal credit and board approvals from two export credit agencies for the guarantee of a large component of the Senior Debt Facility is an outstanding achievement for Horizonte.

The Senior Debt Facility is set to provide a significant portion of the funding required for construction of the Project. We look forward to announcing credit approval from the balance of Senior Lenders during the remainder of the third quarter, as well as further key financing milestones.

We are now reaching the culmination of this complex funding process which will see us secure the initial capex required to develop Araguaia, our 100% owned tier 1 ferro-nickel project. With construction scheduled to commence on completion of funding this is a very exciting time for Horizonte."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, as retained in the UK pursuant to S3 of the European Union (Withdrawal) Act 2018.

I'm not surprised at all, positive or negative RNS tend to be an excuse for dropping share prices. Hold or accumulate is the best possible action, seen this many a time close to significant news that the market uses every excuse either inflation woes, interest rates or Betty's cat down the road has a loose tooth and needs a vet. The brakes will go off soon and the return will be worth the wait.

Whatever it is/was/or has been it is very clear the BOD wanted out of the deal. Whether that is to utilise money in an other investment, pay wages or fund TEO etc they thought it was better out than in.

They should whack several million in HZM and double their money :)

I'm still in have been for years now since before the 44p rise, however my patience has been tested of late. Got to see this one through now, can't stomach the thought of wasting double digit years of investment to sell up and something to happen. Would rather lose it all now if I'm honest. Still a massive asset, just need to start producing returns for investors now.

Maybe for the best especially if Adams name is dirt now, something dodgy was going on and sometimes the better result is getting out while the going is good.

Perhaps for the best all round, something wasn't right when he was voted out and I assume its to clear the path for the finalisation of the TEO and BFS etc without further dilution. Yet again that maybe wishful thinking.

Still in

I can also see submission end of Q1 with sign off around end of Q2. Regardless I can see it moving up once that elusive RNS does comes out.

More news from NRR including four vessels and a ramp up in production is imminent, clearly the deal isn't taken into account when generating market cap.

Surely by not putting a low ball offer to shareholders should be seen as a positive as the BOD see the asset as a much bigger prospect of revenue/value in future rather than selling out cheaply. I'll state again I'm not wanting to defend all actions of the BOD as frankly there have been some terrible decisions but I do feel this year will be a good one for Amur once the TEO is submitted and accepted.

Good post TD sums my feelings too value will out in the end.

I was in SOLG and EUA amoungst others in the early days when similar negativity was said on ii, now its the golden goose. I distinctly remember EUA and SOLG for the same comments and due to lack of experience lost my nerve and sold out.
Had I held I would be a millionaire by now with no word of a lie as they were ridiculously cheap from memory less than 1p I think (would have to check). I'm not planning on making the same errors, I've done the trading and for a good number of years now I prefer to ride it out long term and average down when the opportunity arises on all my holdings.

Of course you have to sympathise with those who bought in at 14p+ on licence grant, there's no doubting this will create negativity. However looking at it in a more positive light there is the NRR deal which will benefit all those who hold long term and I firmly believe the TEO will kick start this share properly. It won't be December 2021 there imo is no way it will go that long. Summer is my guess for fireworks. I would just average down even in small portions personally so my get out was less, but hey thats just my feelings.

I can understand the frustration from many on here, equally the Q4 wait comment on TEO is misleading. The TEO deadline is December 2021 however this is a technical extension due to covid which continues to affect many more companies than just here. The TEO was as we are led to believe nearly complete in Q4 of last year it could come out any day between now and Dec, most likely sooner rather than later.

To be fair on RY, his hands are tied by the other parties working on their segment of the TEO. I'm far from defending management in general, some really poor decisions in the past. The sentiment towards them has been truly eroded understandably but I still feel value will out in the end..

There should be positive news from the NRR deal coming soon also with four vessels and a ramp up in production, see news article I put up yesterday for more info.

Looks like any newcomers may get cheap as chips shares here as the order book is being taken apart from what I can see. Alternatively its games prior to spike...

Its laughable, it really is... wouldn't be surprised to see this surge on bad news!

Thats the most positive update we've had in months and the share drops in price!!.

Just because the extension is dated until December 2021 it doesn't suggest we will be waiting this long. I think the TEO will be wrapped up by start of summer. The potential of the share is massive but does carry a few risks.