Member Info for Rover62

Pep,

As of 31st Dec we had $6.6 million cash in the bank. Say we have spent $600k on keeping the lights on then we have $6 million or £4.92 million.
This equals 0.35p per share.
I was bored thinking what the lowest sp we could go to.

The war or “SMO” has undoubtedly had an impact on the future of AMC.

However, we still have the asset, the metal in the ground has not moved, we still have the license to develop it.

So in the short term the company has to proceed as if there were no war in that they still need to prepare for the development of the asset.

Maybe in 6 months, a year or two, the situation will change and the future for AMC will be brighter. Unfortunately we are not in a position to be able to wait multiple years as time will run out.

If as an investor you can wait, IMO, the prospect of a better value sale with better terms will emerge.

The RNS paints a fairly bleak picture, which reflects the current situation, and rightfully so. In the presentation of the offer to shareholders I believe RY should have been more open about why the offer was like it was. I don’t think it would have made any difference to the vote, but would have been beneficial. It would have allowed the shareholders to trust him a little. Now, what little trust he had has gone.

So what of the future, stick or twist?

https://horizonteminerals.com/news/en_20220630_corporate-presentation.pdf

I totally agree that it could be shipped on a threshold.
If that threshold was 200oz then I think they need to think again because I’m sure investors won’t like the possibility of that much production being lost.

How often would you take your gold to the bank? Every day, twice a week, or once a week.
Given that the robbers had some info, they would have struck just before a shipment.
You can then extrapolate the likely production figures with some assumptions.
Maybe?

https://tass.com/economy/1472703

Just bought a few more at 2.724 but showing on here as a sell.

For those investors who have a real interest in what Horizonte are doing may I suggest you follow Horizonte Minerals on LinkedIn.
I have found this to be a good source of information in the day to day activities of the company. This far better than the comment made on either their website or social media.
Recently one of the employees posted an airily photo of the site.
Other posts have been about conferences attended. Work in the community.
All in all positive progress.

I have Not read the article below yet. I post it to share without comment or prejudice.

https://www.cmcmarkets.com/en-gb/opto/can-horizonte-minerals-shares-recover-as-nickel-prices-soar

Contrarian,
Did you actually read the article posted?
When I posted I actually thought it negative towards Horizonte.
I had no thoughts of despair in posting. The only thought was sharing.
I personally think their articles pretty bad, not well researched done by trainees paid by the word.

https://simplywall.st/stocks/gb/materials/aim-hzm/horizonte-minerals-shares/news/horizonte-minerals-lonhzm-has-debt-but-no-earnings-should-yo

Contrarain123’s strategy is in my opinion as follows, taken from they own postings on this board

Buy at the lowest price possible wait for a rise of 50% then sell 2/3rds to get a free ride.
Entry price is £1.14 - £1.20.
Therefore sell at approx £1.80

No problem with this strategy.
So they actually believe this is a good company to invest in longer term.
They are only rubbishing the share in a hope to get their entry point.
They don’t believe it will go lower than that.
Once they achieve this you will see them ramping this as much as the best rampers on the board.

I doubt many investors will be there in person to give Matt a grilling.
I bit of a long round trip for a 30 minute meeting. Lol

Homase is the company’s revenue stream that keeps the company afloat hence the specific reference. Akrokeri is the future and current has no valuation.

IMO

Pickedpeck,
Thank you for getting that clarification for us all. It just highlights the vast potential that HZM has in the area.
Cheers much appreciated.

… at 46k tpa nickel plus 2.8k tpa cobalt

Plus fertiliser lots of it

Just to try and clear things up:
We have
Araguaia south. Stages 1&2. This is what most call the Araguaia project yielding 14.5ktpa each stage = 29k tpa
Araguaia north. Is what most call Serra do Tapa at 32k tpa
Vermelho

The proactive summary does state that he did not know, but this is clearly wrong. In the interview at 3:00 minutes in, he says “…the shareholders want more upfront…” in response to the question did he know what shareholders want.

Listening to the interview I was mildly positive. Yes, it’s a challenge, but he did say he was in discussions with several parties, which by inference, are Russian. I think he understands that 5he terms are the issue even though the person interviewing thought is was a price issue. He also inferred that a deal was almost agreed before war broke out. Implied it was better.

But my conclusion is still room for something better.

IMO,

I’m trying to work out whether the release of the TEO is a good thing or not? The war will not have made any difference to the content of the TEO or the values of the commodities used in the TEO.
What the release of the TEO has done is verified that the Russian Federation have agreed that the mine is viable with the values used.
This therefore baselines in my view the minimum value.
Also in my view KM was always going to be sold as AMC is definitely not capable of being a miner, it’s only an explorer.
The war does however restrict the buyers to non western entities, even if the war ends. I don’t think a western entity would have bought anyway.
Therefore, no need to produce a BFS, in my view. TEO is all they require.

The TEO should now be used as a base in any calculation on ‘Fair Value’.
Factors such the war, commodity prices and scalability of mine need to feed into that.

The war, given the buyers are non western, should not have a dramatic impact.
The commodity price certainly has a massive impact.
Scalable mine too will have a massive impact.