Member Info for Nthoftheriver

Apologies if I’ve got the technicals wrong, but if Nickel Matte is a viable option for the battery market why do we need to go HPAL on Vermelho?

Any views as to the SP for the Equity raise?

Shame we won’t have any value add from Vermelho in place prior to the Equity raise might have got the SP up a bit more.

Interesting to note the ordinary investor might get an allocation in the Equity raise. Wonder howmuch and what price.

Don’t post much now as just waiting for things to play out.

Not sure I’m expecting an RNS of significance on Friday. They have set the date for the presentation a while back and still no RNS. Not sure they can sit on meaningful news and wait to tell us on a set date. (Hope I’m wrong and it’s a lawyer thing so as to allow documents to be formalised etc.).

Anyways hopefully we actually get some news on

1. timelines going forward.
2. what they have advanced ordered
3. Vermelho progress

Good luck all holders

Well I really appreciate Sponge reaching out to Emma and getting clarity on the RNS.
Did a 25K top up at 11.25p. Not big, but the drop was an opportunity.

Hopefully news in some form next week.
Good luck all holders.

https://youtu.be/MwoWDc0AC3Q

RNS out.

Revising plans on mine scale.

Hopefully we can keep a hold of the gains for a change and not get the drop back.

Hopefully we can put this fund raise behinds us and focus on the next news. Our financial advisor (not so best) endeavour(s) must have missed that Brazil has a rainy season while playing brinkmanship on getting the whole deal done in one go.

Anyways, the off take agreements will I’m hoping have an element of advance payments to them. If so that plus a Nickel price over $14K should get us a limited dilution.

My view original plan was to be substantially de risk by the time we had funding/phase 1 sorted. But like others I am having to view things as they happen. Especially as progress on isn’t quite where I had hoped it would be.

Q2 rapidly approaches. Onwards and upwards.

Well said Pickedpeck.

Business plan is ready to go. If there is a need to modify any plans it can happen on Vermelho, or let any suitor for HZM look at new directions.

Probably an NDA in place until the deal is sorted. Major player not wishing to show there hand, might impact the SP and deal for the equity raise price.

So Off take agreement sorted by end of March and $100m Cornerstone partner.

Keystone Positive Change webinar by managers on Monday 8th March @ 3pm.
Need to register for it.

Added another 20K shares today. Now upto 320K.

Back to sitting on hands and let the Newsflow set the pace.
Good luck all holders

Wasa.

Just makes you appreciate howmuch the low grade miners need a higher Nickel price to make money.

I’m not sure of the final figures. I do recall JM saying that the original anticipated porject cost may be slightly more due to the delays from Covid. So howmuch, no idea. But it might explain some the mixed figures for debt and equity. (Should have made a note of figures).

Thanks for posting Bwana.

Good post JamesDean and others.

Onwards and upwards.

Thanks for the clarification chaps.

dvharrison,

I’m new here, so apologies, but 10days? I thought we were looking at 6 weeks off. Don’t get me wrong very happy to hear that, but is there a link to that info. Might look to add more then.

Thanks.

Heard from a good source that it was x3 subscribed, major scale backs of all the instos in favour of the ones thought to be best holders. Also the warrants are not really warrants they are a workout for the Canadian market because they can’t issue stock to Canada yet before an audit and prospectus so they are giving warrants in lieu of stock !

Morning all,

Didn’t post yesterday, as initially I was rather dumbfounded by the RNS. Been here like a few for many years and have seen the board build the business to where we are now and been very happy to date. I suppose if I step back the bit that got me was the equity raise price. 7.5p that just feels poor in the light of the current SP and price of Nickel.

So after sleeping on the news. I’m still annoyed by the SP price for the raise, but that’s not the real story. I have to remind myself that today we are firmly on our way to becoming an actual mining company. Getting ‘long item delivery’ equipment underway is great news. Hopefully news on the actual funding for the body of Araguaia P1 works will be forthcoming and we will better see real progress.

I must admit more recently I have been swaying to the view of a takeover with the news blackout. With that hat on, I offer this view aswell. What if the party who wishes to buy isn’t willing to meet the figures we feel reflect true value. OK, then Mr buyer, offer more or stand back we are building a mine. Send a clear signal to the market and the prospective buy. So either up your figures or move along.

So here I am back to sitting on hands and waiting for the next bit of news to drop. Getting upset on the small dilution/price isn’t going to change what happens next. I am fortunate to have cleared some cash, ironically yesterday by selling some of my stake in ARB. So will I buy more HZM. I am not sure, I will see how things play out. As has been said we were 7/8p only a few weeks back. Didn’t load up more then because I had a good amount for me already. If I was to buy it would be a trade only. (I won’t be selling to buy back, never seem to quite get that right).

Good luck to all shareholders.