Member Info for Rover62

Torn,

Refractory is the heat resistant lining for the kilns. I’m assuming the rotary kiln. It provides protection for the steel outer casing.

One option I’d like to throw in to funding the shortfall would be the government.

After all Horizonte’s project is strategic.

RNS 22/9/2022

Araguaia Nickel Project approved as a Strategic Minerals Project by the Brazilian Government

Bigger dam because of less rainfall?

Great update, but wtf SP drops a little.

Well said, very wise words.

I just hope you’re right as I just need any positivity at the moment.

Amtech,

I’m usually bullish on shares, but on this, I agree with you that this share will drift until substantial news is received.

Gerneral sentiment is low globally which is a large part of drift.

Unfortunately like other shares I’m in I’m stuck here with a vast paper loss so will not be selling.

I’m sitting on my hand waiting for the inevitable turn. (Me being hopeful and bullish)

I did average down when it reached 2p. I could and should have waited.

Wasa,

On the Monday morning I too read the RNS and thought I should exit. I didn’t. Why? I’ve been asking that question of myself ever since. The only answer was I didn’t think it would crash like it did.

I think if I had I could have got 80p a share a loss of 30p a share.

I would certainly be buying back at 20p. That would have given my 4 time the shares at 27.5p

I would be a happier.

I only have hope to recover my money and maybe dividends.

Https://apps.sentinel-hub.com/eo-browser/?zoom=15&lat=-7.9882&lng=-49.42129&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e&datasetId=S2L2A&fromTime=2023-10-07T00%3A00%3A00.000Z&toTime=2023-10-07T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22

My preferred option would be a prepaid offtake. This could easily be set up with Glencore outside all the current agreements.

Something like the first 15Kt @ $16K per t.

That would give HZM plenty to work with.

Head,

I’m stuffed if I know anything. I’ve got this wrong on many counts.

I’m 75% down and my only hope is the company stay afloat an maybe in a few years I’ll break even.

The deal could be anything from prep pay Offtakes through to a 300% equity deal.

Or going broke.

BTW I’m me not Wasa.

I’d thought I’d start a new thread with a bit of positivity, and a bit of a rosy outlook.

Could they by any chance get a full unsecured loan for the amount needed from Glencore on favourable terms?

Change the offtake agreement to include a discount.

Any other options?

Wasa, yes I do believe I’ll get my money back.

My beef is only with myself and my actions, or should I say inaction.

I’ve missed out on an opportunity to increase my holdings at a very much reduced average.

Hindsight is wonderful.

There were a few opportunities.

Sell all when SP started to drift down a few weeks ago at £1.50

That would have been a 40p per share profit.

With that profit alone I could have had a free ride with double my original holdings.

I’ve worked out I could have bought 1millon share ending up with an average of 10p with plenty of cash left for my original investment.

But hindsight is just plain annoying!

Those haven’t been updated for years. The just put a new date on.

But I need £1.09

Is there a route to ask for some state funding from Para or the Brazilian government?

Seems like that type of request works in the UK.

I wouldn’t say the general consensus is that JM is a snake, that’s just gaslighting.

Yes there has been ups and downs, and this is a real cliff, but I believe general he’s been up front.

In this case has he informed us the shareholders at the earliest opportunity. Maybe?

It was a bit of a rushed RNS with little information.

You can interpret that in many ways, make up your own mind.

To summarise what I’m hearing is that HZM will get funding either loan or equity as this was to be expected.

But I believe that it will only be forthcoming if HZM can justify and quantify the overspend.

This will also have to detail the benefits of the design changes.

I would like to think that they are and this is only a blip, not withstanding a humongous blip.

Wasa, also I was thinking of the A2 DFS and the design changes to that with the delay. Could there be any help from that?

Wasa, any opinion on timescales to work out this funding?

My thinking was a couple of months.