RE: RMM; HZM11 Jun 2021 20:12
On HZM here’s my opinion and DYOR of course.
I think…without evidence…it’s being forward sold by one of the II’s ahead of finance. The worrying thing if they are selling here does it mean that the last bit of finance will be done around 6.5/6.75p? If so that is disappointing for long term holders but also for the institutions that partook at 7.5p I guess.
There is going to be a nickel shortage for the EV market by 2025/26 is the forecast. Araguaia will be first on stream but that’s for the stainless steel market hopefully by 2024. HZM will, in my opinion and also of Jeremy Martin, the CEO be unable to run both. Therefore for Vermelho, the jewel in the crown as it can supply nickel for the EV market, it looks likely being a JV. There will be lots of companies looking at this asset but all eyes on the DFS to be completed soon. Lots to love but more money to be made when in production IMO.