Member Info for mjb606

It is effectively a form or arbitrage, but in time rather than space. You charge your batteries when energy is cheap (such as overnight) and them sell back to the grid during peak times. Clearly you would need to be on a tariff that varies by time of day, but these are becoming increasingly common.
In terms of green credentials, typically wind power happens whenever the wind is blowing, regardless of whether or not the demand is there, so being able to store this energy is a good thing. We would effectively be able to use the UK-wide EV fleet as a large distributed storage mechanism.

Yes, there are always losses in converting energy from one form or another, but this is better than having to constrain off renewables at times of low system demand.

There was a message a while back saying that someone on a different board had heard that it would be in the next 10 days - which could imply this week. However, the latest from JM at the time of announcing the Orion deal only said "this quarter", which could mean any time up to the end of September. I will be disappointed if it's any later than that! (He also mentioned that the numbers would be "towards the top end" of the previous guidance. )

Can someone explain why the Indonesian export ban should cause prices to rise? As I see it, the ban on exporting unprocessed ore was so that Indonesians could move further up the value chain by smelting onshore - in theory this shouldn't the affect the total amount of processed nickel available, just where it is produced.

Of course, if Indonesia hasn't yet built out its processing capacity, that could lead to a short-term hit to supply I suppose.

@EB - managed to trim my p/f a bit - dumped one loser, took profits on a winner and ditched one that had trod water for the last 2 years! Recycled into HZM - I rather childishly bought a specific number of shares to bring me to a nice round number! Missed the dip - paid 4.8p, but looking at the financials (and nickel today) am hoping that this weeks rise is just the start...

price seems to be having a go at closing in on $17k this morning. Can't see any reason (personally) not to add a 14th HZM buy to my collection - apart from not having any spare cash! Just sifting through my portfolio to see if there are any ripe for culling to free up a splash of cash!

It says "analyst call" - I am the sole analyst for mjb606 holdings ;-)

That's fine - I just wanted to see whether we had got reasonable value for our 2.25%!

Although the NPV of Araguaia is stated as $580m, if you accept that $25m is worth 2.25%, that would imply a value of about $1.1b for 100%

First royalty deal announced $25m in exchange for a 2.25% royalty on stage 1 production.

I really must go on holiday more often. Just got back from a little over a week camping at a festival, to find that my HZM holding has gone from ~20% down to a little over 12% up!
Still expecting much more though - this is all without the Vermelho study or any Araguaia funding news.

Uncrossing at 9:40

My first target is just below 3p, which would mean I break even, but hoping for considerably more over time. First purchase was Nov 2017, so getting close to 2 years now. Many buys since, as funds permitted. Highest price paid 4.53, lowest 1.90. Last purchase was just a few days ago. My broker must be pleased with all the trading commissions!

I agree - great news, bit also noted the further slight pushback on Vermelho, which was the RNS we've all been waiting for. Hopefully it will be delivered soon - but someone ought to get JM a new dictionary - I think the one he's been using has the wrong definition of "imminent" :-)

Interesting release today, but not the Vermelho PFS. This is "being finalised" and will be released "later this quarter" - which presumably means no later than end of September.
Still some good news though, with a 30% increase in reserves. Will be interesting to see if this moves the SP today.

Still quite a few chunky sells going through too. I am wondering if I can resist adding to what is already my largest holding by some way! Shouldn't really, but it is tempting...

In other news, Glencore are closing their DRC Cobalt mine due to sliding prices. Possibly we are getting too excited about the cobalt aspects of Vermelho? (Although I do agree that the nickel price seems to have taken a decisive step in the right direction).

We really need some news from HZM - either from the Vermelho feasibility study or on the on financing progress for mine number one.

Well, I guess that this morning answer your question about whether there will be an RNS before the AGM this year. Presume the AGM still has to happen - anyone attending? I did last year (mainly because it was within a bike-ride away), but not this year. I think that have mentally written off my investment in RedT - down up to 92% at one point, but couldn't be bothered to sell. May recoup a little of my loss here, but who knows!?!

Spotted this in the Guardian:
https://www.google.co.uk/amp/s/amp.theguardian.com/world/2019/jul/19/guatemala-fenix-nickel-mine-consultation-solway-group
Any impact of relevance to us? Presumably will further restrict supply, so I imagine it would help nickel prices.

Could I ask where you get your nickel prices from? I tend to look at the LME website, and that gives the price as $13345 yesterday. It has been rising strongly, but still a way of $14k.

If only I hadn't already bought more than is sensible for a diversified portfolio. Would love to buy some more, but HZM is already my largest holding (by a factor of 2 since the recent rises!)