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Unfortunately that’s a pipe dream, shar we holders won’t see a penny. Such a shame Hzm messed up so badly. This should have been an excellent project. Turned out like many other aim projects, just a management money making scheme.
Also shorting Hzm is just as risky as holding shares atm in my opinion. No one knows where this is going. If they turn around and say funding is sorted, anyone trying to short will be screwed. If they turn around and say there’s no funding then holders are screwed and shorters are winning.
They will never ban short selling. It also has a lot of good uses to it.
It’s up to the investor of shares to watch for short selling and buy and sell your own investment to protect against drops in share prices.
Short selling is a massive part of investing and would be hard to ban it. Fx investors use it all the time.
The person actually shorting is risking a lot more than a long term investor. Shorters may drag a share price down but if the companies fundamentals are good this drop in sp will be short term. If the companies fundamentals are not so good then the sp might be dropping for other reasons
I think we’ve probably lost this. I’m not bailing as I have taken quite a loss already so feel I may as well wait to see what happens. I don’t see this coming good at all though. Can’t believe they screwed up so badly. Always had a lot of faith in them
I reached out to Hzm earlier and have just had a reply back. It’s definitely settled my nerves.
They sound confident that they’ll be able to get to production.
They did say that the 35% is on the $537m but are “expecting “Araguaia Line 1 to still deliver strong returns, with lower quartile cash cost and a mine life of 28 years”
do you know why you are a loser. because you come on here to gloat about a share price dropping when there are people here who have lost thousands and are probably in a pretty bad place at the moment.
make you out to be a complete ****** mate.
anyone can find a board where the price has just takes, but it takes a full on loser to come on and gloat about it. well done my man, hope your family are proud