Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Seeing a note on Investing.com that earnings results are expected today but can't confirm that information anywhere.
Anyone know if that is accurate?
..........plate capacity. HZM have worked with and have been in contact with this company. What is more of a challenge is the operational side outside of Indonesia, which is likely to be more expensive.
Regarding going up the value chain in Brazil, re battery manufacture this is currently more likely to be at a state level as a battery technology hub, not that likely it sounded to me at the moment.
Question also about auditing FeNi30 to ensure it met GHG content. Philipa Varris said there are plans to replicate the Copper Mark scheme for Nickel and HZM are in talks re this. The company already have in place independent auditors but a Nickel Mark scheme would offer confidence to the market and be cost effective for the company.
Then in general discussion, interesting take on the aims of the cornerstone investors. La Mancha have ambitions to have stakes in top ten miners globally. Re HZM this translates into wanting the company to produce enough nickel to match Rio Tinto for example which would look like a four RKEF production line. I would add and increasing the reserves by additional drilling. Glencore are traders and would be looking to trade as much product as HZM can produce. Orion are slightly different as they are a ten year closed investment but at around the £1.40 entry price will be looking for significant uplift. Also can roll over investment into another investment vehicle.
Asked JM if HZM is seen as a good company to work for. Yes, the location is good, safe town, university, river, able to attract staff compared to more remote locations. I think he is a little modest here, looking at HZM as a long term employment prospect it looks pretty good to me. And recruiting and retaining high quality staff is vital.
Some frustration re covid, Owen estimates two years lost as no one could visit site or had to work from home. Patrick from Investor Relations very helpful, said shareholder updates will now be every three months to coincide with quarterly reporting. General atmosphere up-beat. Next year there should be nickel briquettes on the table. Sorry I’m not saying the SP is going to jump up, but without the above happening it is not going to meet its potential whatever that proves to be.
some interesting notes over on the advfn board from a pi that went to the agm. h/t salmonn1 over there:
hi all, attended the agm today. present were jm, gillian davidson, simon retter, owen bavinton, william fisher, philipa varris head of sustainability, leo neves general counsel, patrick chambers investor relations, tavistock pr, two pis and others i didn’t catch.
after voting jm gave an up dated presentation, which i expect will be put on the site as may 2023. usual overview, emphasis on “sustainable value drivers”, a1 no tailings, water recycling, renewable cheap power on ten year contract, local stakeholders on low incomes to benefit, a1 alone $700mn over life of mine, hence very good support from municipality and community. starting to see institutions buying into the story.
very intensive work stream, april 55% complete. ***undes have started stripping ore from pequizeiro, 500m from plant and stockpiling.
powerline progressing, now moving into the final stage of construction with 2,900 people rising to 3,200 on site. jm made point that as land is low populated farms there is little resettlement to do.
the kiln rings are being delivered to site, slow as power lines (circa 150) have to be lifted but should be on site in ten days. power line construction is progressing, though rain has slowed things so ways are being looked at to progress. afterwards jm said this is a massive undertaking with constant vigilance to ensure progress is kept on schedule as far as is possible, currently ok. commissioning in q4 and hot commission in q1 2024.
re vermelho, jm stressed the site is in the heart of a mining district, for example where as a requires the construction of circa 120km of power line v is only 5km away from a power source. and workforce is 5km verses 40km at a. fs will be published early next year with a construction decision later in year. new drilling is taking place to fill in gaps from the vale data and to take account of new technology. philipa varris and team are adding new environmental input.
jm said that at the recent bank of america conference there was interest from the majors in base metals, including copper and nickel, i.e. m and a. with brazil being of interest from the eu and us.
question from raymund as to why v has not added value to the sp. jm a will provide proof that hzm can raise the finance and successfully build out a project. proven can raise $700mn strategic shareholders want company to expand and financiers. jm stressed open to all options, a strategic partner, oem type structure, compelling offer all above to increase value.
question to jm re the recently reported improvement in hpal technology in indonesia, and if this is available to the company and the expertise to make it work. jm said there is one chinese company responsible for all plants, not new technology but have looked at how to make it work better, compared with the older generation of hpal which was over budget and failed
I guess this is how it should be. Nickel demand rises, price rises, producers produce more, supply increases, prices decline?
As much as it sounds good that Nickel price be $30-50-100k that will mean more mines become viable and more nickel produced. Selfishly, if looking to hold this very long term (and if HZM stay independent), a Nickel price of $15-25k is a great level to keep HZM (A1 & 2) very profitable for the next decade or so.
I agree but wouldn't be unhappy if it was GLEN. Might get some attention from the market and if it induces a bid from another party, or even gets GLEN to the table, I feel it would be a good thing.
While I'm happy for this to remain stable at the 141p for now (At least it's not slipping lower), the last 13(?) trading sessions have resulted in no fluctuation in price at all, which seems odd to me, especially after another decent update with confirmation of on schedule, on budget. Any ideas on why this would be?
Can't believe there are no PI's with this on their watchlist with a longer term (1 year) outlook that could drop in some money.
Is it possible an ii could be causing this price "action" somehow?
Absolutely. I just fail to see how this isn't snapped up within 12 months (£4 is my bet/hope!), and massively re-rates upwards ahead of first production.
Still, happily sitting on this one while it continues to float around 130-150p.
https://www.mining.com/web/eu-tags-copper-and-nickel-as-strategic-but-industry-wants-more/
https://www.fastmarkets.com/insights/lme-nickel-suits-reach-581-million-andrea-hotter
Behind a paywall so can't read but headline is interesting.
https://www.bloomberg.com/news/articles/2023-01-30/philippines-may-tax-nickel-exports-to-follow-indonesia-s-success