Member Info for mjb606

As far as I can see (from the TMX website) the trading halt was announced at 11:30, whereas the funding announcement was at 12:00 (Eastern) - although it was at 16:35 GMT, which is probably 11:35 Eastern, if I have my timezones right. So the halt was just before the announcement.

I think that you have actually proved my point Reggie While they may have tweeted 4 times in the 9 days prior to the credit approval RNS, they tweeted zero times in the 5 days before.

Still, as DJ said, probably no correlation, just coincidence. I was just getting hopeful as before this morning's tweet there had been 3 or 4 days of silence.

You are probably right in that there is no correlation between tweet pauses and RNS releases, but it remains true that a tweet can only include what we already know.

I expect proper news soon in the form of one or more RNS's - and then a veritable flurry of tweets!

If I am being honest I was a bit disappointed to see the tweet this morning! Prior to the last RNS there had been a few days when HZM refrained from twittering. Up until this morning, there had also been a pause, so I was wondering whether that was preceding the next RNS.

All that HZM can do with their tweets is to reiterate information that is already in the public domain. For anything new, we are still awaiting the formal news releases(s).

Possibly - although FeNi30 is not the same as NPI (30% Nickel vs. approx 4-13% Ni for NPI).

Also, there is some research to suggest a convergence between Class 1 and 2, which suggests we could get the full price based on Ni content:
https://think.ing.com/articles/nickel-the-re-marriage-in-class-1-and-class-2-markets/

(Interestingly, there also seems to be a premium above Class1 pricing for battery grade sulphates which may be of interest for Vermelho valuations).

Still quite low valuation when compared to NPV:
For Stage 1 only, current MCAP is approx 17% of NPV (at nickel price of $20k and $1.38:£1).
If you consider Stage 2 as likely, then the MCAP:NPV drops to 10%.
(This essentially still values any uplift from Vermelho or Serra do Tapa at zero)

So there is still room for some uplift here once fully de-risked.

I haven't studied it, but I did notice that they went quiet a few days before the last RNS - so it could be that while they are still twittering, there is no RNS - or it could be coincidence!

(There was radio silence from SEP 24th until SEP 30th, when the RNS was issued).

Maybe there was some doubt over the exact day they were going to release the RNS, and so the Twitter team had to keep quiet until the release happened.

I used to tried to run a fairly balanced portfolio of a number of well diversified shares.
Typically I wouldn't hold more than about 10% in a single stock.

Unfortunately, my investment in HZM has blown that out of the water somewhat - I think that currently I am about 30% in HZM. Fairly comfortable with that though - and fully expect the percentage to increase over time (most probably due to growth in the SP - I think I am done buying).

My problem is that the lower it goes the more twitchy my finger gets on the "buy" button.
The only thing holding me back is lack of much in the way of spare cash - might need to sell a couple of stocks first

Just idle speculation - but just wondering whether the amount raised here, plus the previous $25m from the earlier fund raise now mean that the offtakes and strategic investor need to raise less money to get us to the total required?
Possible impact on the level of dilution maybe?

I really hope that wasn't your last post - I and many others have appreciated your input over the years, and it would be a great shame if you left just because of someone for whom the saying "better to remain silent and be thought a fool than to open your mouth and remove all doubt" could have been invented for.

If you don't post again, please accept my best wishes for a peaceful and prosperous future!

Not sure that Toronto opening will make any difference. All previous RNS releases have been timed for 0700 London time. In terms of trading, volumes on Toronto have (so far) been fairly pathetic, so unlikely to make much substantial impact on share price as things stand.

I am still expecting an RNS at some point next week - Monday would be nice, as the waiting is getting boring now.

I agree in principle - it does seem highly unlikely that you would continue to reiterate the end of September for an announcement if you weren't pretty confident.

However, companies always seem to pump out confident messages even if things aren't going well, until they can't sustain it any more. While I know it is in no way comparable to HZM, SXX were making confident sounding noises about their fund raising until the moment that they couldn't.

Personally still confident, but just have that note of caution in the back of my mind.

For me, the reason I am in HZM is all about risk vs. reward. I am not "all-in", but used to have a fairly balanced portfolio. This is slighty skewed now by HZM, as I have continued to buy since my first dabble in Nov 2017. The risks have been reducing over time, as the potential reward has firmed up or increased (e.g. Vermelho and Serra do Tapa)

Sorry - more than a sentence, but a summary!

Not going to state my political leanings here, but I do agree with making money reasonably. There are some sectors that I will never invest in for my own peace of mind. I also try to actively favour the kinds of enterprise that we (as a species) need to succeed if we are not all to be collectively screwed!

It is certainly the case that almost everyone who invests is trying to turn an amount of money into more money. I believe that HZM ticks my boxes, and we know from the calculator how much potential value there is. What we still don't know is what the denominator will be (total number of shares post-financing).

I am still confident that HZM will succeed in turning some money into more money - amount to be determined!

So far I have never found that I have needed to block anyone (regardless for whether ramper, deramper, potential troll etc.)

My approach is that I like to read all the opinions of anyone - regardless of whether I agree or disagree with them. It helps keep my feet on the ground to read both sides of a story - but supported by my own research.

At the end of the day, the money I invest is my money, and the decision to invest is mine alone, and I would not blame anyone other than myself for any investments that fail to perform.

I have had my fair share of both winners and losers - some I have booked profits on, some I have taken heavy losses - but in all cases the "blame" is only mine!

(Still just using $16400 per ton for nickel though - currently sitting at $19.5k-ish)

I see HZM are keeping on with their twitter feed today:

https://twitter.com/HorizontePLC/status/1435124422319476736

Not too bothered by when in September, but would prefer that it is actually in September. Those of us who have been around for a number of years will be used to delays, but given that all the recent comms have been confirming the Q3 timeline, I am not expecting another delay.

(I would have thought that if a delay was likely it should have been announced by now!)

Equiniti transferred most of its PI business to ii around that time - myself included, so that could account for their holding decreasing significantly.