Member Info for Hazbeen

TDT,

agree with that

Just wondering with this supply boom from Indonesia ,what will Nickel prices be just as HZM will coming online in 2024

Https://www.reuters.com/markets/commodities/nickel-faces-huge-supply-glut-indonesian-output-booms-2023-04-27/?rpc=401&

https://www.fastmarkets.com/insights/lme-nickel-stocks-at-multi-year-low

A follow on from this previous discussion. Nickel prices could come under pressure this year, but subsequent years will depend on demand pickup

https://www.reuters.com/markets/commodities/nickel-faces-huge-supply-glut-indonesian-output-booms-2023-04-27/?rpc=401&

I have to admit, speculation of that may or may not happen , i take with a pinch of salt.
It could £2 or £3 or £5. I take any of them now
We saw the incessant forecasting and predicting of what the financing could be for the main finances, got the horribly wrong, then we had another unexpectedly fund raise after that.
So really no-one has a clue.
The fact is Capex for may projects have increased significantly and this ia impacting future financial requirements which makes thing more difficult for a few. Unexpected diluton(already seen here) or a larger debt/dilution financing package is on the cards for many I feel now.
HZM are very fortunate to have timed their project when it did.

I guess the saying is you have to speculate to accumulate..right?

to add, just shows he really does not have a clue, but makes out he does

Great track record that...avearge down 8p,7p,6p,5p....i thought buying up was the best strategy

Sirmark is the one adding all the time..ramped at 8p,7p,6p now 5p....will eventually get it right...lol
Averages down..he will be out if it hits 8p again

EPIC US OTC:BSFAF has been added

guess we need an official RNS to list and begin trading

TDT

This is it . Battery grade metal is needed in abundance . Just mining it is not enough to meet demand .conversion to matte seems to the answer or at least tying to meet the it

Theo
With difficulty , :-)
For HZM , we have to remember nickel prices above $16k is still good for Araguia
But ideally I would like nearer $20k+ long term

Whether it is clean or not, Indonesia with the Chinese will be disruptive for battery Nickel .
Not sure how that will impact stainless steel and Battery grade Nickel prices going forward .
Expect Nickel to become quite volatile .
Not sure what this could mean for Vermelho.

The Obi island operation is now one of three producing HPAL outfits, and more are in the pipeline, with nearly $20 billion of further projects announced. Next month, Harita plans to go public on the Jakarta exchange. Shares have been priced at the top of the range, giving it a market value of more than $5 billion.

Until this new generation, HPAL was known mostly for cost overruns and delays. Mining giant Vale SA experienced both before opening its plant in Goro, New Caledonia, in 2010; it’s never produced beyond 70% capacity. Chemical spills and protests by pro-independence activists in the French territory disrupted production, and Vale eventually sold its stake.

This time, Harita says, is different — thanks to China.

“China has done with HPAL in Indonesia what they did with nickel pig iron in China 20 years ago,” said Angela Durrant, principal nickel analyst at Wood Mackenzie Ltd. “It’s like teaching a child something new again and again — and suddenly they get it. Then they run with it, they catapult onward. This is what Indonesia is doing with China’s technology.”

Apart from Harita’s operation, other new arrivals include a venture combining Zhejiang Huayou Cobalt Co., CMOC Group and Tsingshan Holding Group Co. — Huayue Nickel Cobalt — which has built a $1.6 billion plant on the island of Sulawesi. GEM Co. has backed a separate $1.6 billion facility nearby, QMB New Energy Materials, with Contemporary Amperex Technology Co. Ltd’s Brunp unit and Tsingshan again.

The world’s largest nickel producer, Tsingshan had a prominent role in last year’s historic market squeeze. But it’s also known for its large-scale use of low-cost nickel pig iron that disrupted the stainless steel supply chain two decades ago. It then shocked the market again in 2018 by announcing a $700 million plan to produce battery-grade nickel in Indonesia at breakneck speed. It missed initial targets but still beat legacy rivals by years.

The results of the Indonesian revolution are visible. Mining majors producing high-end nickel have traditionally focused on sulfide ores, but today, low-grade ores that were once fit only for stainless steel are now suitable for wider use. HPAL uses material with as little as 0.9% nickel, and the cost — crucially — is manageable. It costs Harita $5,225 for a ton of nickel content using HPAL, 48% less than with traditional electric-furnace smelters, according to AME Research.

The process also yields a cobalt bonus, another key material for batteries, and the spate of investment has made Indonesia the largest source of cobalt outside of Africa.

Battery metal landscape is changing just like Tsingham did with Nickle pig iron..it is coming
https://www.bnnbloomberg.ca/nickel-revolution-has-indonesia-chasing-battery-riches-tinged-with-risk-1.1901734

Harita Nickel’s sprawling complex of processing machinery and conveyor belts tells a different story. One of a new breed of nickel producers, backed by Chinese know-how and cash, it’s using the latest generation of a method known as high-pressure acid leaching, or HPAL, to turn Indonesia's low-grade ore into metal fit to power a Tesla car.
Success would have dramatic implications far beyond the Southeast Asian nation, where President Joko Widodo has put the world’s largest nickel reserves at the forefront of an ambitious plan to transform the economy into a key player in the electric-vehicle supply chain.
The new HPAL projects, and the surge of inexpensive metal from a country whose deposits have long been unloved by major producers, could push the market into oversupply. Within two years, Indonesia could supply 65% of the world’s nickel, up from 30% in 2020, Macquarie Group Ltd. estimates. With so much metal outside the London Metal Exchange and the Shanghai exchange, Indonesia threatens to upend even nickel pricing benchmarks.
And this giant chemistry experiment comes with environmental consequences. Compared with more traditional methods, HPAL produces nearly double the amount of tailings that need to be treated and stored, raising the risk of severe contamination as all sides rush to capture battery spoils. The power to process this green ingredient still mostly comes from coal.

https://www.africa-energy.com/news-centre/article/fresh-criticism-south-sudans-oil-sector-governance-savannah

Fresh criticism of South Sudan’s oil sector governance as Savannah pushes on with deal
Issue 481 - 02 Apr 2023 - By James Gavin | 5 minute read
UK independent Savannah Energy is moving forward with a $1.25bn plan to acquire a string of upstream assets in South Sudan from Malaysia’s Petronas – a rare case of an IOC stepping into one of Africa’s most challenging political and economic environments, writes James Gavin.

Pea,
LSE L2

Can you see the buy/sell weights?

No I cannot here

I see PEEL has dropped from the bid after this sell of 365k ( approx same time of execution)
I am a little baffled how such a large trade can be taken a this price and not shown as delayed
and only causing PEEL to fall 2p on bid

Lex
Of course you are happy to wait ,
It is that or sell at a loss

Do not like gap up from day before.

Expect a retest first

The Licence permit and DFS are very important de-risking milestones.
I cannot see much share price appreciation without these two awarded
Mkt cap is already at £165m, which is quite higher at this stage of the project

i like the low capex costs though