Member Info for Nthoftheriver

Well, as much as I have great conviction with this share having like many here suffered the falls below sub 1.5p almost a year ago. (Wish I had bought more then, but then don’t we all). I will be holding what I have, as no meaningful spare cash to invest in the my 3 key shares for 2021 (HZM, ARB, DVRG). Wish good fortune to those that can top up though.

Back to sitting on hands.

Good luck all holders

Soundbuy,

We only have a small amount of share float in Canada. Can’t recall exactly where it was mentioned but believe the board have suggested this may be increased via the Equity raise for Araguaia.

Thanks VV & Luke2. Just another couple of example to contradict the Analysts on Nickel demand going forward.

*Should read lowest quartile not Top.

Hi TD2,

Thanks for the article. JM has always been conservative in his approach. Don’t ever recall him being overtly bullish on presentations or at the AGMs I attended. Even when talking about valuations he would only briefly mention Onca Puma as a yardstick and really not get pressed into much more elaboration or hype.

With regards to the FT article, they may well have a point on the supply and demand side. But on the other hand there are a lot of Giga factories being built and the EV ramp up by mainstream Manufacturers is more than just bluster. They are playing catch up to Tesla and as battery efficiency is increasing this will push demand away from ICE. My guess, it’s only that, is figures of EV demand are undercooked and may surprise to the upside. But I’m happy with JM being keeping figures on the low side and as Luke2 points out our low C1 costs puts us in the top quartile of miners. Others need the higher price to break even.

In addition the Green card will push manufacturers to look for ESG favourable sources as much as possible. So China/Indonesia may get away with things for now, but most Developed Market manufacturers will need to look beyond these less green sources of materials in the future. As Elon advertised recently.

Nickel at $18K maybe front running at present, but by the time Vermelho is online for the EV market, I doubt it.

Flavourshaker, you may be right in that Institutional Funds may be holding back before taking the plunge. Doesn’t seem the best way to deliver Alpha on your Small Cap fund by following the herd in on the RNS. Still does mean the jumps in the SP on the Finance news will be all that better.

Also, as you say if Nickel is pushing anywhere near mid $20K let alone $30K the sky’s the limit on the SP. Fun times ahead.

Meanwhile back to sitting on my hands and waiting for the news to drop here. (Fortunately ARB has enough going on to keep me focused elsewhere. Unfortunately the ARB BB is overflowing with commentary, so avoid it at present. Also kind of hoping DVRG will kick off in Feb too).

Good luck all holders

Well the SP is holding steady in the 8.5-9.5p range. Almost seems someone doesn’t want us pushing past Orion’s Royalty price. Or is that just too much of a leap. Anyway nice to be above and beyond the £100m MCap mark. That way if institutional investors are looking us over, they may want to get a hurry on. (Hard to believe we’ve had no Small cap funds building a position, but maybe they have and don’t need to say as it’s below the 3% threshold. No doubts time will tell).

Bwana, thanks for the feedback. Good to see all is on track bar the issues with Covid.

Soundbuy. On Vermelho, like you I personally still think something may pop up prior to finance. Especially as the Nickel price is in the right region for it to progress and with all the noise on EVs.

Anyways, good weekend all

Looks as though things are getting lively.
Hope we see some positive Newsflow beyond the tweets to really kickstart things.

Good luck all holders

Well looks like the end of the road on this punt, will move on once re-listed. Shame, but not to be.

https://vimeo.com/500916701

https://vimeo.com/500612127

https://vimeo.com/500464562

https://vimeo.com/500218634

Morning all, just a reminder that JM did say getting over £100m MCap was a threshold point for institutional investors. Well, as we are well over that, it’s nice timing from Cantor.

Good luck all holders.

Lol, should say towards 2022

Wasa,

Not sure myself, just think that the way the EV market is going and timescales involved to get a mine up and running. Acting sooner rather than later would be good. Besides a BFS isn’t a big cost to the likes of Orion to get a direct play into Vermelho. Also if I recall the PFS is actually a bit more down the line than a typical PFS due to the information Vale had already.

I suppose I’m of the opinion that news on Vermelho will still happen by Mid year and not towards 2021.

Still think news will pop up on this front, maybe mid year or earlier.

FWIW, my thinking is a royalty agreement with Orion. Letting HZM allocate funds to getting on with the BFS stage. Then possibly negotiate a partnership with say Glencore or Teck, maybe Vale.

EV news is picking up steam and timelines to get Vermelho online aren’t exactly quick. Plus reckon the partnership will allow a bigger mine than HZM are showing in the PFS.

Or Skindeep, lol

Wasarunner,

Thankyou for the kind response, fortunately I’m not in need of the money to pay bills etc . Just weighing things up as we approach a major step change against my original plans about when to de-risk/trim.

Really appreciate the feedback today, it's been great and certainly feel not so inclined to “trim” till we get news. Then assess as to what the company’s strategy and timeline is before trimming.

If I’m honest, never held so much money in a single share like HZM and ARB. So just trying to think things through.

Good luck all holders.

Great feedback chaps. Lots to consider and review.