Member Info for mbingo

Yep, market cap now not reflective of the assets and forward cash flow. Cheap jurisdiction. Sufficient cash from raise for work over programme. Next well likely in next couple of weeks. Proven resource. Could easily have the same flow rates - and this is before the potential USD 1.2Bn cash flow from the Gas. Production of 1100 BOPD (plus Norio) derisks the equity. Especially at $ 74 crude!!

I’ve bought in. 119 was mine yesterday. City Financial sale is providing a cheap entry. Shareholders are largely the board and some institutions. I fully expect they will want to realise value from their equity interest. Plus I like Gold as an investment. And a hedge. Good luck all!

Do you know what price the options trigger? Thanks

I bought in on Friday as I’m confident that they can reduce their debt load relatively quickly. Financials and 2019 outlook read like the company has turned the corner. Stock has bottomed in my view. Nice to see Brent performing strongly. I don’t quite follow the hedging process. 8m hedged.? at between 55-65.? V encouraged by massive director buy.

CEO says “Continued focus on costs and efficiencies” which gives a lot of comfort.

Focus on providing gaming experiences and services. I can see this working personally.

Putting a potential buyout to one side, this is really cheap on any number of levels. No debt. £95m cash. Creating operational efficiencies and improving balance sheet. Current P/e is 3.6 !! That’s cheap!! Earnings per share up 29.6% on prior year to 7p. Share price at 26.

A bargain price to buy after excellent Q1 results. Generating US$9.5m in cash after capex/opex and with lower gas prices. Massive reserves,record production and favourable political conditions (reduced tax rates). I own.

Good to time to invest - a quiet board.

Market cap less than £90m. Balance sheet transformation. Well success in January. UNB at record production levels. Cost cutting. All points to company cash generation. Results tomorrow. JKX well off the highs of 66p. Cheap in my view.

precisely. It's a given in my view.

No debt. Assets at £250m ..

YES

Too good an opportunity here. Clearly a takeover opportunity. Cash well above market cap.

Global Nickel inventories at 13 weeks supply. The article (thanks for this) references Nickel at critical levels. If you’re a Nickel bull, HZM is the mustard!

With US interest rates staying Flat now for 2019, this is bullish for Nickel, bullish for commodities and bullish for small caps. Great news for Horizonte! Trade war rhetoric died down a bit - and factored into the stock price. If there is a reduction there, will have positive impact on global growth - would be another boost to Nickel and HZM.

Aside from this, I’m invested as I like the Board and as the market cap is so low for the assets that they own.

Pro business environment in Brazil another positive.

If Nickel hits 14,000+, can see this doubling up quite quickly. A buy-out target now, it will be that much more sought after. Given that banks are talking about 16,000 for this year, the economics for this project would look exceptional.

This is cheap!!!

Nickel at 13,175 - on the move.

Only ? on my side is : is the CEO as aligned as shareholders? What’s his interest? Chairman owns 2.5% equity and appointed the CEO, so almost good enough for me. Had the CEO got options?

Personally, I missed the lows, but 22p looks like bargain territory to me given the will by major players to support the progression of the major asset. German asset looks interesting too.

Connection to southern copper. Major acquisitions going on in the lithium space and we’re linked to southern copper. Will we be bought out before funding secured? 66p/share rejected by board already...

£30m market cap - part funding secured for major lithium operation. Equity super cheap here given net present value.

Gary, would appreciate your view in fair value for the company?