Member Info for Hazbeen

Makes you wonder where HZM would be if they had to be this at market prices today.
Still not get where the contingency has gone!!..it is beginning to smell
The placees had no option to average down..there is already too much tied in here

The Agreement provides for a low upfront cost of US$600,000 payable in cash on signing with total potential consideration of up to US$7,000,000, with the balance payable upon the achievement of future milestones related to the development and operation of Araguaia



Horizonte CEO, Jeremy Martin commented: "The acquisition of the Processing Equipment is a compelling opportunity for Horizonte to fast-track the development of a second RKEF line at Araguaia, to reach 28,000 tonnes of nickel per year, and at a lower development cost. We expect to be able to realise significant savings on our planned development costs given the low cost acquisition of this high quality equipment relative to the original purchase cost of approximately US$60 million.

PP,
Thing is you could have participated at the 7p placing but have got them sub 5p even before today's placing.
May get these 3p or 4p if you wait this time

i remember the gap at the time..bothered me then but thought gaps do always get filled so forgot all about it
let see if it fills it !

and lets not forgot the debtors will want their money back with interest
it is all become a longer haul...
Glencore will just get a cheaper buy out now

all 7p placing holders are underwater

Glencore suspect will take all PIs shares now...
£2 -£3 target over 2 years now...that is no more dilution

Ditto Canuk87

Also if this is the cost of building a Nickel mine outside Indonesia , makes you wonder where the money will come from for others.
I see Nickel going higher once the dollar changes course too, their Nickel forecasts will probably be double as that stated on the BFS forecasts

Also the after hours is very unlike to Company we have invested in over many years...Step change in respect to small investors..Big boys calling the shots now

Naughty after hours - not surprised with costs increase, however need to ask about purpose of contingency money.
But not all negatives if you read what is going on with Stage 2 and Matte conversion for battery use which was not as planned. Makes you wonder whether Vermelho could go the same way instead of HPAL .

"I am also pleased to announce that we will be advancing the engineering work of the 2nd Line at Araguaia with the objective of producing an AACE class 3 capital cost estimate and advancing the design to basic engineering. As part of this work, we will look at the option of adding a nickel matte converter into the plant flowsheet providing the optionality to convert a portion of the FeNi output to nickel matte, a product that has the potential to be sold directly into the battery metal supply chain. The overall objective of this engineering work is to potentially fast-track Araguaia towards a ~29,000 tpa nickel producer"

Not seeing all the trades you are mentioning there
Apart from the 100 and 35ks sells

https://www.youtube.com/watch?app=desktop&v=E1PmLp45aVw

You have a link ?

well it has ticked up twice on L2 now
4 v 1..

and weaker again....

Turned around now

strange that..I see L2 has just weakened on the asking side too
1 v 2

seller still around

It is this low because there is a funding requirement
How much required , how much dilution and at what target price
Market does not like this uncertainty.
It is a punt here , but best to wait for funding news
There probably will be a churn of shares post dilution too

TDT,
what do you read into this

https://www.reuters.com/markets/commodities/industrial-users-flee-lme-nickel-deepening-market-fissures-2022-09-14/?rpc=401&

WASA
I bought 12k in two trades
Think you find more than 70k bought today. Have you seen the delayed trades put through after hours in addition to the couple earlier on

Date Time Trade Prc Volume Buy/Sell Bid Ask Value
08-Sep-22 16:03:09 103.00 75,000 Unknown* 103.00 105.00 77.25k O
08-Sep-22 16:31:39 105.00 47,564 Unknown* 103.00 105.00 49.94k O
08-Sep-22 16:10:50 103.00 50,000 Unknown* 103.00 105.00 51.50k O
08-Sep-22 16:05:22 103.20 30,000 Unknown* 103.00 105.00 30.96k O
08-Sep-22 15:45:35 103.00 50,000 Unknown* 103.00 105.00 51.50k O
08-Sep-22 16:28:38 103.90 1,469 Buy* 103.00 104.00 1,526 O
08-Sep-22 16:22:57 103.34 1,997 Buy* 102.00 104.00 2,064 O
08-Sep-22 16:00:51 103.02 900 Buy* 102.00 104.00 927.18 O