Member Info for Rover62

La Mancha will have approximately 25%.

I’d just like to highlight again that JM said in the interview

NVP of $4.5billion.

Assuming 4.5billion shares that $1 or 75p per share.

I know that will be a number of years off, I’m being positive after the couple of days.

With our MCAP now effectively over £250million surely IIs and Fund Managers will be able to take large positions in Horizonte.

PIs selling their Crown Jewels on the cheap.

Forget todays action.

If a new investor came along, would Horizonte Minerals be a good opportunity?

The fundamentals suggest to me, YES.

Opinions?

I was disappointed by deal, but after a night of reflection I believe that this was due to an overly optimistic view on the deal the JM could achieve. This also driven by this bb.

Yesterday I had a share in a mining explorer with an arguable value of zero. They had no means to get product out of the ground, therefore, no income, hence zero value.

Today I have a share in a miner who has the ability to deliver product and income to share holders.

The proportion, I have now of the company is 40% of what it was, however, 100% of zero yesterday or 40% of a multi-billion dollar company today. The true value that can be achieved.

Which would you rather have?

Most are disappointed over there. I am.

I’m not exactly dancing around the room singing “I’m in the money”.

I’m glad the deal is done and we can get on with the building, but a slightly disappointed person as the deal is not a hit as I would have liked.

In hindsight the price was going to be 7.5p. It was signaled in th fund raising earlier this year.

I to would like a RNS, but I would like the right deal rather than one rushed. A well considered deal will in the long run give the LTH better value. IMHO

Volt Resources, Kabunga’s company on Friday announced the acquisition of a Lithium mine in Serbia via a share issue.

I wonder if we’ll see a lot of buying today and tomorrow with the FOMO crowd with the possibility of an RNS dropping.

Lambo,
There is some history to why we have a seller here. Kabunga is the seller and is selling to keep his own company afloat. He has a big stake and is slowly selling. Even in the face of this we have had a rise in the SP.
A small drop on the SP will be bought into as this share is one that’s worth a punt.

In the discussion Wood Mackenzie indicates nickel at US$26,450/t and cobalt at US$55,000/t.

BOD cannot say anything whilst in negotiations for finance.
The SP is holding above 4.8p, which is good given we still have K selling.
Saying that I would have hoped the financial deal would have been done and dusted by now as it is one of the simplest one’s you’ll have in mining.

Yes I did pick up on that myself.
It’s worth a read.
There are other nuggets as well

I’ve re-read it this morning.
If you’ve got half an hour or so it’s worth a read it’s only 34 pages and give a good summary of where Horizonte is. It also gives information I’ve not picked up on previously.
It’s good for new investors as well as the long term holders.

https://horizonteminerals.com/news/en_20211112-q3-management-discussion-and-analysis.pdf

One thing I like about Horizonte Minerals is that they play straight. I’ve only been invested here for a little over 12 months. In that time other than time, they have been honest. They have not speculated, they have only given us the facts when they could. There have been no leaks prior to any RNS.
IMOHO

Do you personally want to take this mine into production with Amur Minerals?

Safe, that’s my point, totally agree with you.
I believe MB wants to take this into production.

But surely he could just put a for sale sign up. I thought they would be able get more than the current MCAP.