Member Info for MozzaBezza

The £99k buy from last week is also a very good sign. There aren't many people punting that sort of money around on a whim, so they're either a very sophisticated investor or feel they know something in advance of the market.

It's a good sign of things to come I think.

Good luck all!

I've had a good listen and I think that if you read between the lines the news we have coming is roughly in this order:

New Capex/Opex numbers, M&A and then project financing.

All three are significant as they either increase the asset base (funded from current cash), get the La Playa Verde project looking even more attractive by dropping the costs, or get the project constructed by getting debt into it and getting it built.

New interview and article here. I haven't read fully yet, but this bit seems key:

NPV 10 is now more like $241m, with an IRR of 71%.

The Project alone I don't think is fairly valued on the old CPR assumptions let alone the increase in value form the copper price rising so much.

https://www.cruxinvestor.com/posts/halo-minerals-targets-2026-fid-and-2028-production-on-eia-approved-chilean-copper-project

Lots and lots of hints at M&A in the last presentation.

They mentioned a lot of jurisdictions, but Europe came up a lot and that they can fund any initial work from current cash reserves. Then they would seek separate project financing as with La Playa Verde.

We know it's very, very likely to be tailings, so a resource will be there and valued.

If you think that we have a 46p (let's take the lowest broker valuation for now) valuation on one asset, I think you could probably add anywhere between 25-50% minimum to that valuation on any good M&A.

The current price just doesn't factor in any real valuation for our current asset, or any others we may find.

They're fully funded until Q4 2027, including any initial M&A.

I just can't see any placing, they don't need to.

More excellent grades encountered! Well done all!

Look, it's clear that Mr Helpful creates animosity with some people on here.

I can't control where he/anyone else buys and sells.

However, I can see a very clear value disconnect here, which the 46p and 61p valuations in that note broadly speaking align with.

Good luck all!

I agree. It was only because of one or two legacy sellers form the old structure that we ever came down here anyway.

The IPO will have been priced to allow for upside for the IPO buyers, so 18p should be the floor.

Most firms at this point where the hard work has been done and they're just waiting for project funding seem to sit at ~£40-50m market cap levels.

That's 36-45p.

Any extra big bits of news: M&A or debt funding news and it justifies a significantly higher price again.

£99k buy just showed! Good to see some proper volumes come in.

They're fully funded to Q4 2027, SO I can't see a placing happening.

We also know that they'd be able to pay for any initial M&A from current cash reserves and then intend to get project financing for it.

Never say never, but I just can't see it.

Morning!

I think from what was said at the presentation the board have clearly had it in the ear from investors who took the IPO who were annoyed by the share price performance since.

The IPO will have been priced (in theory) to have been relatively cheap to peers, to allow for upside from that price of 18p. So you can see why they would want to get the price up for that reason.

I think 30-40p is easily achievable here, but that's just my personal targets. Much more is doable if they can secure project financing here and or get any further with the M&A they've hinted at, which sounds similar to La Playa Verde in so far that they would get separate project finance for it too.

Also, the CEO owns 2% of the stock, so that's another.

As for Minchin, I'm the opposite: I made money following him at HE1 and HEX and so I'm very pleased to have him here.

I think Minchin has a very good understanding of how sentiment works where other directors don't so much.

Good luck everyone!

I'm personally delighted with that note!

You'll never please everyone in this game, but it broadly aligns with my own views, which in a stock that's had an initial wobble is very reassuring.

Research note just out:

"This gives a current fair value for Halo on a fully diluted basis of 46p/share."

"using an 8% discount rate as used by Halo’s Canadian-listed peers, our fair value would be 61p/share (fully diluted basis)."

Makes out current price look very silly.

https://halominerals.co.uk/investors/analyst-research/

I think we'll continue the rise this week. It's just comically cheap down here, with a $4Bn resource Vs a sub £4m market cap.

It certainly moved like the seller was out, so I think that this, plus people clearly cottoning onto the $4bn resource value in the ground Vs our £3.2m market cap should propel us upwards.

It's funny really, because the more I read the more I find the value disconnect bizarre. I've shown it to mates who are equally staggered and are buyers.

Mad it ever got this cheap, in my opinion.

Yes, I agree. I didn't buy loads today, so it won't be me that's moved the price up.

Either the seller that's been holding this back has been cleared or, someone knows something big is coming.

Or both!

Either way, it's a good thing.

It certainly seems like that, considering how fast it's moved.

I'm a new buyer here today. I don't think in more than a decade of investing I've ever seen a firm with grades so large having a market cap so small. Really strange situation, but I've taken some - it seems incredibly cheap.

Delayed buys must be bound to pop up later, because so far we've moved up ~6% on the bid on only £1k of visible volume.

Must either be delayed buys due or orders being worked in the background.