Member Info for Ivornomoney

https://www.google.com/amp/s/amp.theguardian.com/business/2021/aug/17/glencore-stake-boosts-britishvolt-4bn-plans-for-battery-factory

$50m 2011

https://www.proactiveinvestors.co.uk/companies/news/156993/ironbark-zinc-secures-us50m-facility-from-glencore-to-fund-base-metals-deals-20741.html

Highest I've found so far is $27m prepaid from Glencore.

I was guessing $50m maximum?

I'm expecting a prepaid offtake agreement I just don't know how much to expect.

https://www.google.com/amp/s/www.proactiveinvestors.com.au/companies/amp/news/955997

Was 50,000t at $20,000 is revenue of $1bn which is what the company currently aims to achieve.... I'm happy with that if they think its possible.

Any large rise in nickel price will result in more mothballed mines starting up and more mines built which will keep the nickel price in check.

I looked at RMM for a whole 5 minutes and running at a loss for the last 5 years was enough to not look any further.

Rosy lee

Isn't the debt financing of $200m at 4.75% higher risk than the Equity? They are still getting a good return on $40m over 10 years. $1.9m a year?

Once the equity is done they could start selling off the new issued shares unless there is a tie in to stop them for a number of months.

Maybe Teck is the cornerstone, as he says they have been working with them for the last 12 months. Maybe Orion won't get the $100m they suggested after all.

It's not just Aim its everything.

Hzm were talking about production in 2019. It's been a long painful wait for a lot of people but these things take time and banks will go as slow as they need to.

The money is technically available for A2 on the original time scale as the debt package is for 8.5 and 10 years.

So once hzm start paying the debt off they can build A2 but not as quickly as most would like.

Large buy £130k went through today.

I would say looking at level 2 it will start moving up. 5 market makers on 7.8p

Any chance that was a stop loss?

Still 79% down. Might get halve my money back with a bit of luck.

Was that your tranche of 65 shares going in at 10.09?

Martin said Horizonte was in advanced discussions with miner and trader Glencore and private equity firm Orion Resources Partners, amongst others, for equity and project financing.

The company was also in talks to supply nickel to stainless steel producers primarily in Europe and North America.