Member Info for Hazbeen

Forgot to add I think some of the long term holders like
Glencore or Texk have changed because of dilution
But certainly others have sold and bought too

Give you an idea who has been buying and selling .

18 September 2018.
Shareholder Number of shares % of issued capital
Teck Resources 210,207,179 14.70%
Canaccord Genuity Group 143,150,000 10.00%
JP Morgan 117,739,613 8.20%
City Financial 108,190,476 7.60%
Lombard Odier Asset Management (Europe) Limited 106,916,242 7.50%
Richard Griffiths 96,550,000 6.70%
Glencore 74,507,195 5.20%

20-Jun-2019
Shareholder Number of shares % of issued capital
Teck Resources 210,207,179 14.50%
Hargreaves Lansdown 159,055,748 11.00%
Canaccord Genuity Group 145,466,667 9.90%
JP Morgan 115,995,186 8.00%
Glencore 88,362,682 6.10%
Richard Griffiths 71,800,000 5.00%
Lombard Odier Asset Management (Europe) Limited 59,920,418 4.10%
HSDL 45,690,411 3.20%
November 2020
Shareholder Number of shares % of issued capital
Hargreaves Lansdown 242,293,180 16.72%
Teck Resources 210,207,179 14.5%
Interactive Investor 149,660,586 10.33%
Canaccord Genuity Wealth Management 145,000,000 10%
HSDL 91,920,129 6.34%
Glencore 88,362,682 6.10%
AJ Bell 69,601,613 4.8%
Barclays Smart Investor 40,451,431 2.79%

29 July 2021
Shareholder Number of shares % of issued capital
Hargreaves Lansdown 242,863,192 14.38%
Teck Resources 210,207,179 12.36%
Canaccord Genuity Wealth Management 168,930,000 9.93%
Interactive Investor 165,613,617 9.74%
Glencore 88,362,682 5.19%
AJ Bell 88,132,692 5.18%
HSDL 87,460,201 5.14%
Barclays Smart Investor 47,754,220 2.80%

Today 4th August 2021
Shareholder Number of shares % of issued capital
Hargreaves Lansdown 252,935,153 14.88%
Teck Resources 210,207,179 12.36%
Interactive Investor 196,503,385 11.56%
Canaccord Genuity Wealth Management 168,930,000 9.94%
AJ Bell 90,360,772 5.31%
HSDL 89,674,774 5.27%
Glencore 88,362,682 5.20%
CIBC 59,506,816 3.50%

Against such first-half backdrop, cash generation was strong, with FFO almost doubling to $7.3 billion, and Net debt of $10.6 billion correspondingly moving to the lower end of our target range. Accordingly, and aided by the robust cashflow currently being generated within the business, I am pleased to announce additional shareholder returns, comprising a c.$0.5 billion special cash distribution ($0.04/share) for payment in September and a $650 million share buyback to be completed by the release of our full year results next year. This overall top-up lifts planned 2021 shareholder returns to c.$2.8 billion.

Wasa
I think you spot on here and agree.
No major or JV for Vermelho - NO HPAL plant
Will be the alternative option of ferronickel or matte project

Wasa

I still have a sneaky feeling about Vermelho could still end as stainless Nickel project .JM did not rule it out when
I asked him on last conference call questions
It really all depends what terms a JV comes in for Vermelho . Or even a buyout of the asset .
HPAL is more complex and expensive than than Stainless steel process

Do not see those trades anywhere
Just seen a 1.4m sell @5.1p

Does seem a volume increase over last few days

Lol., maybe fun not the only word to use , add frustrating .and a few more words
Many want it now . Well I do , so I can retire .
Life is really too short , seriously is after 40+
Seriously though your health is your wealth , money is a bonus

WASA,

I go through the exact emotions and feelings . But I know it is Sod’s law that the one sell , will release the news you have been waiting for
Best just to hold and be patient .

This is the fun of investing

“ I really like the term 'Cornerstone strategic investor' which was used in the last RNS. It hints at a broader range of investment and a more 'strategic' long term view.“
I think that nails it for me, ‘strategic’ is the operative word
To me that means the cornerstone will include an offtake element as part of the financing agreement .

btw I expect the price will be setup much closer to the raise.
I guess we cannot rule out VWAP either together with the other criteria.

Price could be the one after the credit approval RNS has been released

ST,
That is the big question and I know what you are getting at here. If the cornerstone is thinking like me and says I want it cheap as possible. But it is not as simple as that.
There will be a criteria being used to work out a fair strike price.

Existing holders dilution impact, Nickel prices etc. I am not sure sets this price, probably a collective agreement.

For me, I would be happy with 8p minimum

The thing here is , you only take up the rights to buy in the open offer if the price will be lower than the market price .

So the market really needs this to get to 10p for us to see at least a 8p or higher open offer price

JM needs to time a release of some positive news and then straight away release the open offer , that’s is how I expect it to work to get the best price

TDT
Thanks

So 7.5p recent raise was a rights issue

But the final equity raise due as part of debt/equity portion will now be an open offer , which differs as I stared below .
Basically minimises dilution to existing shareholders

Is this correct ?

Oh and have a look at the monthly graph on TSX ,
There is no hard selling at all.

Just be clear , we are talking about an open offer NOT a rights issue

An open offer - this is also known as a pre-emptive placing or placing subject to clawback and gives all shareholders a guaranteed right to participate. It differs from a rights issue in that there is no option to sell your entitlement in the market. The options are simply 1) take up the offer or 2) let it lapse.

This was raised via a bookbuild process.
I cannot see any mention of VWAP price used.

We’re not expecting such losses , but losses were larger because of exceptional items .
Looks like throw kitchen sink out this year
Will wait for it to settle down before consider buying again
If order book converted , next year will be slot better

“ A $100m for what would amount to over a third of the shares in issue (you say 1bn additional shares, would that not trigger a formal offer for the whole company?) ”

A very interesting point to ponder over

Ivor
Which sells are you referring to ?