Member Info for Ivornomoney

If Glencore was interested in this why didn't they participate in the last few placings?

Cornerstone I believe will be Orion Mine finance for $100m as they have already put in $25m

Glencore I believe will be the off take agreement , Fulmar agrees with me.

Then the rest will be from current Pi's.

From the Teck website.

Our corporate strategy is focused on exploring for, developing, acquiring and operating world-class, long-life assets in stable jurisdictions that operate through multiple price cycles. We maximize productivity and efficiency at our existing operations, maintain a strong balance sheet, and are nimble in recognizing and acting on opportunities. The pursuit of sustainability guides our approach to business, and we recognize that our success depends on our ability to ensure safe workplaces, collaborative community relationships, and a healthy environment.

....... mine and trade commodities, Tech only mine.

Teck are a mining company and Glencore

I would say Glencore will want the whole 14.5k as an off take. It's not a large amount considering total world production.

Meanwhile, on the offtake front, Martin said Horizonte was in the process of talking to several interested groups, adding: “We are currently focused on export credit agency financing around offtake and then that will roll out into a broader market-led offtake, closing out the balance as we move into the final finance package.”

Finally, Martin said that Horizonte has been receiving keen interest from a syndicate of commercial lenders. This group is currently comprised of around five international banks and four local Brazilian financial institutions – two of whom are scheduled to conduct back-to-back site visits imminently. Martin said these institutions are becoming increasingly attracted by Brazil’s position as a broadly stable jurisdiction and the general lack of construction-ready nickel projects in the global mid-cap space

The 2.2m trade was a sell.

Is that a 2,200,000 stop loss at 8.2p?

The study includes an option to double production to 29 000 t/y of contained nickel by the addition of a second RKEF in the third year of the project. 

How big was this 9.1p tranche?

Load up!

Wait until you hear how much it will cost to sell them. How many have you got?

What I was getting at is JM doesn't need to offer Pi's to take part in any placing.

Read points 9 and 10 on the last agm results Wasa.

They will probably add another 30% to the PEA for final capex.

Hzm PEA was $358m now its $461m capex.

Or a very rare investment opportunity of a lifetime?

Horizonte could be talking to Vale about Vermelho. They are looking for a partner and Vale would be the best option as they bought it off them.

Could they be talking about Vermelho???

https://www.mining.com/web/vale-and-asian-miner-seek-brazil-nod-to-fast-track-mine-projects/