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http://www.mining.com/web/bhp-keep-nickel-west-rio-looks-jadar-lithium-battery-boom/

Craigie over on the other board mentions how major shareholders, Glencore and Teck are seldom mentioned by the company and that surely they will not sit on the sidelines forever.
Teck have a long standing company man on the board, and over 14% shareholding, so I think RedRoy is right as usual in thinking they are likely to be the ones to help get us the icing on the cake regarding 'battery grade' nickel, as cost effectively as possible.

According to reports of yesterday's meeting, multiple tier 1 banks are willing to lend at future pricing of nickel. I'm sure they have done their research. If nickel was at $7000 you could kiss goodbye to EV, as many existing mines are running at a loss, but hanging on for much better things. Then some big Chinese projects need $14000.

In about five weeks the PFS and those figures for electric grade nickel and cobalt should be out.
I doubt if HZM has gone unnoticed, if top banks are optimistic, what about top mining companies?

Jeremy has compared us to the sale of Onca Puma, in 2005, quite close to us in Brazil. Nickel was at a similar price, though it shot up shortly afterwards. It went for many multiples of what we are worth, Jeremy expected us to have more resources than that.

Someone on the other board said no point buying HZM for six months, they could be right, or they could have missed a great opportunity.

We will get there, don't doubt the resolve or skill of those in charge, we have had quite a few 'events' - dam tragedy in Brazil, two forced sales, trade wars, that have impacted the share price, it never then seems to recover, but one day, quickly or slowly it will.

Nickel back in the $12000 at the moment despite Trump and China.

We've been unlucky with that second forced seller in the recent past and now a wobble in the trade talks.

Good opportunity in my opinion.

Salmonn on the other board has written his recollections of the AGM, agrees with Olly's thoughts below. I particularly like the mention of a possible $4 billion free cash flow and the fact that the banks lend on the future price of nickel, not the current one, which does make sense.
We should be valued at £100 plus million once financing commences, which means even I would have turned a profit at 4.4p!
If you have the money and a bit of patience, at around 2p I think you could do nicely.

A big thank you from me Olly!

We appear to progressing towards that free cash flow of at least $1billion, just on Araguia, which we would get, even at today's depressed nickel price.

Not a single vote against Jeremy from investors, so the large ones who probably know more than we do must be happy. A couple of board members seemed to get votes against equal to Glencore's holding, perhaps a bit of healthy rivalry between large investors, who knows.

I wonder if those latest test results for Vermelho are going to be released with the PFS?

Some on the other board said they were attending, so may get some snippets later. All resolutions passed last year, guess they will be this year.

We are fully funded for this year, despite what is written on the other board. They also say the results on the nickel in Vermelho will only give a temporary boost, but once the results are known it will give any interested parties all the information they need.

From Jeremy Martin 'results were imminent' and the 'stars were aligning.'

https://www.mining-technology.com/projects/araguaia-nickel-project-para/

Capex of second expansion $199.7 million, funded through free cash flow after year three. Nickel at $11,000 tonne (nickel price currently $12202) produces cash flow after pay back of capital and taxation of $1 billion.
The consensus is that nickel will need to be $14,000 a tonne, to stimulate enough overall production for electric cars. Even many of the large Chinese projects need that price.
Then we have Vermelho, icing on the cake, possible electric grade nickel and cobalt, within truckable distance of Araguia.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=HZM&ArticleCode=lr0si9vd&ArticleHeadline=Araguaia_Ni_43101_FS_Filed_and_Stage_2_Expansion

Cost of second expansion funded through free cash flow.

I've done the risk bit (4.4p) though it didn't seem risky at the time, would now like the reward bit!

AGM is actually imminent, some on other board are going, may get some snippets, high ups at HZM do reply to emails, if anyone is that bothered.

https://uk.reuters.com/article/uk-usa-lithium-electric-tesla-exclusive/exclusive-tesla-expects-global-shortage-of-electric-vehicle-battery-minerals-sources-idUKKCN1S81QY

Hopefully when the 'imminent' news arrives, we should be noticed, manufacturers will want to catch up on Tesla and they will need the metals.

Teck have a man on the board, plus over 14% shareholding. They will know the results of metal testing before us, nice early bid by them for the lot! Board have options at 4.8p, we should do better than that.
Jeremy has form on slippage of releasing reports, Araguia FS went from mid year until October, full details later than that. Could be tomorrow though.

It is what I hope not expect! I am 50% down, will stick with it even if my hopes are not realised, will be a couple of mines with a helluva nickel resource, comes out of the ground cheaper than most.

The 'imminent' news I don't know already, is whether we have battery grade nickel and cobalt in the second mine Vermelho.
Vale spent 200 million dollars on it a decade ago, before nickel tumbled. It is said they upset the authorities, so knew they could never progress the mine this time, thus HZM became the owners for about 8 million. Sure there must be profit there!

Could luck if you are trading and want to make a killing when the results come out, could be a little wait, or it could be tomorrow.

The aftermath of the results will be interesting. China is powering on securing and producing nickel, hence the rather lacklustre nickel price. The rest of the world will not want to be beholden to China, by 2025 EV market penetration will be paramount. Will someone have the foresight to secure a large supply that will be producing early next decade, or will HZM be the owner and producer?
They say to kill a rat you should aim three feet in front, if you are waiting for results here,if the FS on Araguia was anything to go on, aim behind!
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