Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
to date HZM have a mandate for $325 million, they have recieved initial approval of another $32 million from BASA and we have now raised another $25 million through the placing, thats a potential $382 million while being in discussions with 3 parties regarding offtake deals so i wonder how much that will bring, i am hoping any future dilution will be kept to a minimum, could we not get the remaining funding through those offtakes? there are still Brazilian banks in the mix also, i would rather steer clear of issuing billions more shares...
i agree, i have cast my eye over this share many times and i cannot see a single here for me to invest, i am quite frankly shocked that people continue to buy the company's shares, looks like another motive television to me.. the SP decline here in the last 12 months is brutal
Yeah they will probably hold the rest, they’ve made a nice profit converting and selling this first lot and given all the news in the pipeline they could hold onto the rest in the hope of an even greater return a few months down the line... depending on how good the news is
Peel Hunt initiate coverage
Horizonte Minerals (Buy) - Initiation of coverage
An emerging mid-size nickel producer
Horizonte (HZM) is a nickel developer with two world-class, low-cost projects in Brazil, with first sales expected in 2023. We forecast potential for EBITDA of nearly £90m by 2025. With the recent announcement of the Araguaia Stage 1 debt package, we expect financing to progress further by early 2021. We see HZM as a medium risk, but strong growth prospect for greater exposure to nickel and (eventually) cobalt. We initiate coverage with a Buy rating and a target price of 14p (33p unrisked).
Can’t believe people think CD&R are selling on a few weeks after ploughing tens of millions into the company and taking 26% of the shares there’s no chance they are dumping, i am happy with the deal and believe it was necessary for SIG to be able to survive but it takes more than a few weeks to turn a company around, I’m happy to hold and wait
reason for the TR-1 was an event changing the breakdown of voting rights ( the placing) not an acquisition or disposal of voting rights... also date on which the threshold was crossed was the 10th of july, same day as the placing shares were admitted to the market
A lot of people are in good profits at this level so people are probably slicing or selling I need 58p for a bag and I’m hopeful of hitting that at least, We’ve had such a good run a red day was inevitable and the wider market also dragged us down.... holding strong here, might get placing news soon.. let CD&R, IKO and now JPM and others all take their allocations and this will fly, most of the placing shares will go into the hands of our ii’s