Member Info for Ivornomoney

Can't see the DFS making any difference to the share price. Look at the current situation, money raised, mine in construction, nickel at $22k and we are still at 5p, no change since 2017.

La Mancha 37,956,438 19.93%

Orion Resource Partners 28,292,291 14.86%

Glencore 18,662,914 9.80%

Hargreaves Lansdown, stockbrokers (EO)13,875,139 7.29%

Canaccord Genuity Wealth Management (Inst)13,660,785 7.17%

Interactive Investor (EO)10,427,767 5.48%

Condire Investors 6,283,171 3.30%

Glencore have 9.8%
Teck 0%

Can't see Teck making an offer. I'd like things to stay as they are and for Hzm to pay a divi once producing 28k of nickel.

Yes but to get the best possible price you want to build your 30% position when the share price is low. I can't see Glencore making a cash offer for 90% of the outstanding shares. I'm surprised Glencore haven't increased its position now.

Hzm will struggle until it starts making money but once the ramp up starts and the nickel price is above $20k we should see the rewards. Too much uncertainty in the world at the moment to achieve fair value.

Glencore would need to get to 30% before making a takeover bid.

La Mancha are the only real contenders for a buy out.

I don't think hzm will be sold, the dividends are worth too much.

At any time after the fifth (5th) anniversary of the subscription of the Convertible Notes, the Company shall have a one-time right to redeem the then outstanding and unconverted Convertible Notes in whole at 105% of the par value plus accrued and unpaid interest in cash if (i) a change of control event occurs; or (ii) the 30-day volume weighted average trading price of Ordinary Shares exceeds 200% of the Conversion Price and the aggregate average daily trading value exceeds US$2.5 million over the prior 30 trading days.

If the amount of shares traded reduces then liquidity is affected. Look at the trade history on FT and then say the consolidation hasn't affected liquidity.

Significant shareholders list updated. Canaccord and Condire reduced.

Was anyone given the option to vote through their broker? HL didn't send out any circular.

No chance of seeing 5p again. 7p is where La Mancha and Orion bought in.

Gets a bit annoying this MM manipulation.

The risk here is more fund raising in the future. I think liquidity will be a problem now for anyone wanting to sell their shares after the consolidation.

Teck no longer hold any shares so no director entitled. The others no longer needed as job completion.

I don't see the point of a consolidation now after the money has been raised.

The share price is relevant to results and profit and the Mcap will find its true value. If this is penny share or £ share makes no difference.

The fund takes long and short positions depending on if they think the share price is a bargain or if its over valued.

They have taken a long position on Hzm.

Does anyone know how much money Teck put into all the placements over the years? I think the original 50% was free. Did they get their money back or did they make a profit?

Not at current prices there won't.

Guys in the scale of things it's only 14,000t of nickel. The off take is agreed, there won't be a que of buyers wanting hzm nickel because of esg credentials.