Member Info for mjb606

If I add in the NPV of Vermelho, we get to £1.54 per share. However, I am not convinced that you can value a company like HZM purely on 100% of NPV.

Based on NPV of Araguaia S1+2 @$16.5k nickel gives roughly 63p per share (based on $1.33 to the pound). The NPV is about $1.2B, with about 1.43B shares in issue. Of course, this does not include any value for Vermelho, which could be significant!

Amazingly bad reporting - they seem to have copied and pasted some stuff about Horizonte at either end of the report and quotes from people at Horizon! Makes you wonder how bad other reports are where it's not quite so obviously bad!

I am reasonably confident in the technology (the chemistry is what it is) - I just hope that IES as a company can convert the interest in non-lithium storage in to orders. I am aware that those initial Californian orders were relatively small, but they were the first indication that we have had for quite a while of actual orders. They are not the only company in the Vanadium Flow battery space, so it really is a case of IES converting interest into cash that we need to see in order for the SP to stand a chance of moving significantly.

I agree that £10 is highly unlikely - but the question was what sp would people be happy with! I too would be happy at that level. I would be more that 100% up, instead of two thirds down.

TBH, I am slightly surprised that they are as high as they are - as previously stated, I had mentally written off 100% of my investments in RedT - so the fact that they are worth a non-trivial amount is a pleasant surprise.

Not convinced that this current rise is leak related, TBH. I think that if it was the movement would be more significant. At the moment there seems to be a steady drip of positive nickel related news - even the nickel price is showing signs of life at the moment - currently up around $14.7k from a low of around $14.2k not so long ago.

I don't think that HZM do leaks very well :-)

The RNS on September 3rd did refer to this as being the initial tranche of an "up to 750m shares" issue over the next 12 months. I guess that it is likely that there will be another subscription offer along at some point.

May not need to sell ever. If HZM start paying dividends at some point, it won't take much for me to be happy to just live off the income. Would need at least 2p I think - any more would be a bonus.

Personally I have no interest in what individuals hold - that's purely for themselves to decide. What is more interesting is the total % of issue shares owned by people on this board. Most of the time I can't be bothered to vote at company board meetings because my holding is insignificant. Here though as a group we do seem to have enough that if we coordinated we could have an impact - e.g. in helping to vote down a low-ball buyout offer.

That's slightly more than my entire holding (that took 3 years to accumulate) in one chunk! That has got to me more than a PI buying in (unless, as you say, DJ had a great bank holiday weekend!)

Just for my own interest I did a quick Google of "HZM options". There was a press release back in 2018 about options granted to the directors etc. Totalling approx 38m shares at 4.8p. These are not the only options outstanding. The press release mentions up to 134m shares - about 9.4% of outstanding shares at the time. Not sure how many have already been exercised, but in general it is a good idea for the directors / employees to have similar incentives to us!

£100m MCap achieved (for how long remains to be seen...)

I would agree that Motley Fool articles can be contradictory - but that's part of the point. Motley Fool articles are written by a collection of individual (mostly freelance) contributors. Different people can and do have different opinions (we see it often enough here). I think that the point of the front page of the Fool is to given people a little information to kick start their own research. Anyone who goes "all in" on a share based solely on 1 MF article would be a bit of a fool!

Having read the October 2017 article on HZM by this particular contributor, I looked in to HZM in more detail for myself, before making my first of many buys a couple of weeks later. Had I not seen the article, I may never have heard of Horizonte, whereas now I have fairly substantial holding that seems to be doing alright!

Interestingly, I have Paul Summers from the Motley Fool website to "blame" for my investment in HZM in the first place!
The first article I read was back in October 2017, after which I invested.
If you go to the fool.co.uk (Motley Fool UK, in case the link doesn't work) site and type HZM into the search box, you will see all his articles. (4 in total, including today's).

For historic reasons, I measure my annual portfolio performance from 1 Sep to 31 Aug. I had thought that this year would end up being in the red ( one of the few over the last 16 years that I have been tracking). It now seems probable that my rather excessive HZM investment (~25% in an otherwise balanced portfolio) may ride to the rescue in these last few days. Long may the current rerate continue. I too would very much like Luke2 to win the prize in mid-Sep.

Flippin' autocorrect!

(I think I was only about 34th on the ramper list)

However, I do wish the the share price would make a decisive move up soon. I think that this is the only thing that would stop me from succumbing to temptation. I did buy another 200k or so on Monday @4.4p, and that was supposed to be my last buy, but I still have half my ISA allowance left to be used on something! The longer it stays below 5p the more difficult it will be not to do yet another final top up.

On the off chance that this gap filling stuff actually happens (self-fulfilling prophecy if enough people believe in it) then my FINAL final top up from yesterday morning will look a lot less final! Any where near 3.5 might be irresistible...

I hope there's not too much of a rush - I have just chucked.in a cheeky limit order (after having said that I wouldn't buy any more). It does seem that the news flow is likely to begin in earnest now, even if some are a little sceptical over the "mandate" for the banks to raise the $325m.

Really will be the last one, if the share price doesn't shoot up at the open above the limit value that I have set. (probably...)

I agree that this is great news - but it is not the same as the Orion announcement. What we have here seems to be that the group of 5 banks have been mandated to arrange the finance - with Orion it was more direct. I suspect that this is just the start of the news flow - a great initial step, but more steps needed.