We would love to hear your thoughts about our site and services, please take our survey here.
I note from twitter that Jeremy Martin presented yesterday at the BMO Conference.
Does anybody have a link to it or did anybody watch online? I’ve had a look for it but couldn’t find anything.
I wonder if the conference correlates to the uptick in volume today
“They are low cost and high grade. We’ll be producing ferro-nickel from Araguaia, and nickel-cobalt sulphate from Vermelho. We’ll be producing 28,000 tonnes from line one and line two at Araguaia, and between 28,000 and 30,000 tonnes from Vermelho, from just under 400mln tonnes of total nickel resource.”
Typo with the 400mln...?
Obviously immense regardless
Otherwise great post
“It’s going to happen,” says Martin.
I could be wrong with my understanding of this, but can't we work out how much the cornerstone investor will pay per share? My understanding is that if an investor has over 30% of shares, then under AIM rules they have to put in a bid for the whole company. Is this the case?
So we know that the equity piece is $100m (from the BMO presentation). The recent placing got £18/$25m so the conversion factor was 1.3888 GBP/USD.
If we use the recent placing figures as a start (7.5p), then there would be 960m new shares in issue on top of our current 1.8B.
Total shares = 2.76B so the cornerstone would have 35%
At 9p, there would be 2.6B shares and 800m new shares, so their percentage would be 31%
At 10p, there would be 2.54B shares and 720m new shares so their percentage would be 29%
I have made a simple spreadsheet which I can upload if anyone cares to see. But it shows that 9.5p means the cornerstone would have 30%
What are peoples thoughts? Does this help us understand dilution/total shares post equity raise.
Thanks again for the reply Wasa
Also agree about the right range so will be interesting to see what the share price catalysts are that JM alluded to in the BRR interview last week and if they can break us out
JM has shown that he can pull the rabbit out of the hat as he did in 2019 with the Orion royalty so I’m hoping later on we will realise that this was another of those moments when we have more certainty around the final finance deal
Wasa,
To bring up Ivor’s post from Sunday...
“$463m needed
$325m debt
$39m cash in the bank
$32m banco da Amazonia
$67m left to raise.
Orion mine finance $m?
3 Tier One Off Takers $m?
ECA $m?”
I remember over the weekend there was some questions around the Banco Da Amazonia being part of the $325 package of senior debt mandate or addition. I read that as an addition and couldn’t find that this has been disproved. I believe an email asked the company directly but I didn’t see if this was posted on this board
So if we use Ivor’s numbers, would there be any reason why we would be at 2.5 billion shares at worst case?
Using the benchmark that the latest fundraise at 7.5p was 240m shares for $25m so roughly 10m shares per $1m raised = 670m new shares
Again rounding up 1.8 billion shares plus 700 million new shares = 2.5 billion
Obviously this would be reduced if: 1)the next equity piece is at a higher price than 7.5p 2) off takes 3)ECA
DJ,
Copied and pasted this from another board:
"Just a heads up when you see a trade between 17:05 and 17:10 it’s normally the spreadbet companies settling their books and not an individual trade. Gives an idea of volume on those indexes though."
Can’t say if it is a fact or not but thought it was interesting to share for the discussion.
Apologies if copy and pasting from other boards is not allowed.
Dale02 - as alluded to by a previous poster, speak you your broker. They should be able to do a “bed and ISA” to transfer your shares from a non isa account to an isa account for a small fee. Do this over the phone rather than online. You can move up to £20k
Thank you all for the warm welcome
I take on board all advice and opinions. I understand the concerns about 2 weeks is a short time to understand a company that has been around for a decade, but knowing that finance could come shortly and could change the fundamentals of this company for good, makes it a compelling enough of a case to invest based on what I know currently (whilst learning more as time goes on). I am comfortable with the investment I have made/will make and it really pales in comparison with some of the numbers I see on here.
Also, I take great comfort with the institutional investors on board, the options the directors have and their share purchases over the years. These are all people who are smarter than I am and know how the game works, so I trust that they firmly believe the value to go up.
Like has been mentioned the risk/reward here is a unique proposition in my eyes.
I have rambled on enough and this probably raises more questions than answers!
Good luck all
Hi all,
Just wanted to say thank you all for the informative posts you have been putting up from a new investor into HZM.
I came across HZM over the past couple of weeks by chance whilst I was reading about possible investments.
I got burnt quite badly with GKP a few years ago in my early twenties and never came back into the game after that. That was until March this year when the opportunity was too good to ignore in the blue chip stocks.
Now I’m in my late twenties and having seen what happened there (GKP), I feel like a lesson has been learnt from that experience but this altogether feels completely different opportunity.
I’m looking at selling all other positions and going all in on this as I see few risks but a lot of positives. I know it seems stupid to some people and the advice is always to diversify and not put all eggs in one basket, but it feels like these opportunities do not come around often. It seems like there are a lot of people on the board like me too!
Hopefully as I understand more in the future, I’ll be able to contribute to this board
Until then, thank you all again and hopefully we’ll see the good news soon
All the best