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Billy ramper,
I think Kindergarden comments is what you have been making since 1st week of October, read them back yourself, all there. Here is small snippet. End of conversation as far I am concerned. On the filter list
"Next week update coming. I genuinely think by Thursday an update will be provided …the SP hopefully will be up to anywhere around 35/40p and then beyond that it’s a crystal ball as demand will soar."
FT volume today , still with challenges to overcome but it is looking promising. Target for mass production
is probable before 2030 if all goes well
A race is on worldwide to succeed in the solid-state battery space,” says Peter Bruce, co-founder and chief scientist of the Faraday Institution, a British battery research institute. “If Toyota or anyone else succeeds in fabricating solid-state batteries that are cost competitive and deliver the lifetime that is needed, then they could deliver a step-up in energy density and 10-minute charging. If they hit those metrics, it will be disruptive.”
If the technology is successfully introduced, the impact could be dramatic. It would shake up the auto industry where sales of EVs and batteries are currently dominated by Tesla, and China’s BYD and CATL; it would have geopolitical implications given western anxiety about China’s current dominance of batteries and their raw materials; and it could open up the application of batteries to new areas of transport such as aviation.
Some observers believe the shift could be as momentous as that from corded telephones and landlines to mobile phones.
But I will add to supply glut story , even a surplus is being forecast
Producers will need to see at least 16k Nickel in the high cost climate
But I s asm reading the surplus supply is also coming for other metals and not just Nickel
PP,
Really good post below .
Looks like al options listed are not great here .
And there is a another risk that investors maybe considering , the issue of a Nickel glut is coming because of Indonesia , then the company will be struggle meeting all its financial payments and project costs for A2 onwards if Nickel prices
Lower than down .
I know this has LOM and investors look beyond a few years but it just adds to short term risks
Pp,
We still not know the figure required , that’s what we need to know to make a better prediction
If it is over $200m then it us possible at least if that half could be dilution ?
Looking at hell a lot of shares in issue again
Headder
Judging by the share price, the pointless at this point vermelho capex spend should be curtailed to save costs & 'the cornerstone shareholders' will likely foot the rest, with a token amount available for retail like last time
That sounds like a sensible idea right now.
Who thinks they need 250m?
Since AT LEAST was mentioned , it would not surprise me
PP,
"They aren't going under, there are lots of funding options, many we don't know about"
Correct and that means you do not know either, no-one does or ever has.
The thing is having been reading this site for many years and i can say there are alot of smart people here.
I certainly do not come into this category.
However i cannot name one long term holder who has called this right from when the financing started 4-5 years ago I think. Not even close. The problem is half glass full thinking has failed
You cannot second guess the investors and the market.
History has shown whatever you think could happen does not happen.
The dream this will make us rich is over, it was too good to be true
Hmm
These changes require additional financing resulting in an expected increase in the overall Project capital requirement by AT LEAST 35% (from the current capex budget of US$537m) and delay of first production to Q3-2024.
I have decided to look at the worst case here, trying to be conservative here over couple of years has not panned out either.
I think we need to consider that A2 costs will also now be higher and expect maybe some contingency funding to cover that. Before you say it, I know A2 is supposed to funded by A1 cashflow ,but will it in its entirety?
Also Nickel prices have fallen by 30% over a year and EV market/targets are all being pushed back. Maybe not a bad thing for HZM as also timelines delayed.
Vermelho - put that on the back burner, be interesting to see what the Capex costs the BFS will show now.
Sitting on the sidelines for now.
Pp,
The thing is if we look back at the speculative forecasting figures being calculated by a few here .
What happened , an unexpected find raise out of the blue , at a Lower price and higher raise these anyone could have anticipated .
The risks are too high here and whatever anyone thinks , it could be worse or better then expected .
No doubt the mine will get built , but at what cost to shareholders .
It is best to buy higher knowing the risks have been resolved as there will be opportunities to buy in than
Buy now and being diluted and money being tied up .
As an investor I worry for one or two here . Some are on denial here because Invested too deep
I get it but this game can make or break lives . I have seen it happen with a couple of ppl I knew .
It broke them completely , that it ended their lives and their families .
Good luck everyone and I hope long term holders get out with some decent returns
Even if they are smaller losses than today is something than losing it all .
There is no sure thing and if it is too good to be true , it probably isn’t …… we all this was at one point !
anyone who buys now needs their head examined .
if huge dilution is on the way , it will be over for pis. the capex costs are huge now . not sure the fs was right , i
mean it included overruns but the company raised more last time to cover costs increase .
but this is an extraordinary **** up for a better word .
@ wasarunner - i can see you are a half glass full person , but you have got it so wrong here and at acp .
i cannot believe you have added again , without knowing how the next funding will be .
i wish you and others well and you all at least break even .
Contrarian,
well done for thinking without emotions - my last post saw what was coming, company were indirectly warning via going concerns - that was my q to get out.
Increase of cost of projects due to inflation are clear to see.
FS projections have become updayed and really did not account of cost increases to current levels.
Still an opportunity to buy again, but trust has become an issue and risks have increased.
Nickel prices also reduced revenue forecasts ppl were anticipating.
Still have hope for the company but ampunt of cash raise and pricing will keep this down for a while
Oh and there is little thing about warrants too.