Member Info for Nthoftheriver

themuir,

I know, crazy isn’t it. Still if funding is hard for a Tier 1 asset (let alone a mining districts worth of assets) can’t see where the nickel comes from.

NM

Tones, nicely put.

3-4 months while the banks sort out the Debt book building, who gets what percentage of the pot and at what rate the debt is set at. Meanwhile the business of sorting out offtake agreements, other royalties (if any) and the Equity raise will be getting done.

HZM will be on a road show (or Zoom show) now and the news flow should be steady into Christmas. We may even hear more on the mine details, any preorders and of course any news on Vermelho.

In the meantime hopefully the Nickel price will stay above $14K and we see a supply deficit begin to appear as the Philippines goes into rainy season shutdown.

I’d love to see the SP steadily track up or in jumps over the next week, but if its a more steady rise on extra news so be it. I genuinely believe we are heading to production. (Unless we get a bidding bun fight).

Good luck all holders

Ok so we are now aware of our 5 International banks and the mandate they’ve been given. So thought I’d try to understand the debt aspect a bit more. Found this article which outlines some of the initial thinking banks take in deciding to fund an operation. Ok it’s not details but I found it useful, especially as we see where we are and how JM and the board have carefully been putting things together since the BFS.

Anyways here the link for anyone interested. 8pages, but not technical. Oh and don’t laugh it’s 20 years old, but it just adds to my conviction in that we have the right asset, experienced team with people who done it before (Including our new mining director).

Bankers’ perspective of mining project finance
https://www.saimm.co.za/Journal/v100n03p145.pdf

wasarunner,

In one of the interviews yesterday, JM did mention that he saw Vermelho as Low Cost, High Grade Nickel with Environmental low CO2 attractions. (Probably a nod to Elon and or keeping Mark Selby comments on his own little project in check).

If that rail link does go up to in and around Araguaia and Vermelho added with the Hydo electric plant that all bodes well for the EVs market and Environmental attributes of our Nickel.

Good comments and observations from Craigieboy and DJ.

Hard to know if we still have more to flush out from the seller, but the direction is now upwards and we have left the “Orphan Stage” Station and properly begun the journey to a producer.

Big bucks await. Good luck all holders.

https://www.reuters.com/article/horizonteminerals-funding/horizonte-minerals-secures-325-mln-in-financing-for-brazil-nickel-project-idUSL8N2FE4ET

Anyone got a view on what this might be? Trying to see if we are in for a better rate due to our Tier 1 asset and having 5 International Banks looking at it.

Wonder also if that the reason we didn’t go local just yet with EM debt being a higher yield?

But I’m way out of my depth here, so genuine question to find out?

There are quite a few Nanocap and micro cap funds these days let alone AIM funds. The equity raise will be targeted at 7p, so getting us over the £100m Mcap. If you believe that the Orion deal was done at the equivalent of 10p a share (JM comments) then don’t think we have to worry on institutional funds.

But that’s my view

Toronto is very thinly traded, but yeah be interesting to see the reaction.

Well done on the buy. Anything under the Director 4.8p options is a good deal.

Agreed this will move up. We have just mandated 5 international banks. Assuming they weren’t asleep at the site visit, then the DD would have given them confidence to get on with sorting finance. In the meantime, I’m sure a few mates phone calls to the other depts of the banks (even if not totally legit) will see Fund managers paying attention.

https://www.brrmedia.co.uk/broadcasts/5f33cbb3b14d872626436c62/horizonte-minerals-us325m-senior-debt-facility-mandate-for-araguaia

Even more snippets of detail, he can’t help himself...

That Orion royalty agreement looks more and more an absolute blinder. The due diligence they would have done, would clearly have given confidence to the Banks. So now we have 5 International Finance Houses helping us to get funding sorted. Just can’t see how Orion will not get involved in some of the equity portion. Unless they are eyeing Vermelho;))

Westie,

JM as you say drops hints on the debt/equity portion. Funding say $325m of $450m = 72% add in any other bits prior to Equity, all looks good. Even if as he suggests cost might go up on the $450m the outlook is good to say the least.

99icecream,

We have Endeavour Financial helping us plus a Director, Septana Dorri with 15 years of experience in mining and metals in the area of corporate development, financial and investment banking

I reckon we will get institutional Equity raise done on good terms probably with a good lock in period and not a desperate diluted raise with cheap warrants.

Really good interview with added details on Funding and Vermelho.

What’s not to like.

wasarunner, still nowt in for Vermelho then?

Hopefully we may get a few JM interviews out this week and see new buyers enter.

That would be awesome. Hopefully we now can see reasonable share price being placed on the company, or at least in the order of 7-10p as per the Orion estimated deal valuation.

EB, debt isn’t yet executed, says end of the year. But the size of the facility hopefully means less dilution on shares. Definitely solid progress as we have actual named Banks.

Maybe start to see more proper news flow now heading to year end and a bit of real upward movement in the SP to boot.