Member Info for Slubby

I was told it was profit taking last time.

4.4 for me! Still it toughens the sinews.

I may be wrong, but I remember seeing a HZM timeline a long time ago, which showed that they would not even begin to consider financing until the second half of this year.
I always assumed that this was to give them plenty of time to get more info in on the second mine, but also give time for a big miner to show interest.
I think financing was brought forward after this share went through the headless chicken period, after the first bit of the feasibility study was published, when the world and his wife were saying a little minnow could not build the mine.
This is now a win, win situation, because with financing preliminaries having taken place, a big boy can't say that they are the only one with deep pockets, so this is the price we will pay.
HZM are quite capable of seeing this mine to production, I am easy either way.

You did well, the very few buys that day stuck out like sore thumbs.

Eramet have had six years of losses.

Yesterday Glencore said they would put more money into mining nickel, they must know something.

If HZM nickel was coming out of the ground now, it would be making a profit, even at today's prices. Someone will find a way of mining it, might even be Glencore.

You are having a Kodak moment in my humble opinion, huge potential with a new technology evolving, but not seeing it. This will change so much, for instance they won't be keeping petrol stations going, just to fill lawn mowers. We have rumours of a Travel Lodge coming, much to the joy of the area, no one could fathom where, I think I have the answer.

I shall now count the moving parts in an electric vehicle in a bid to get to sleep! There are 20 apparently, as apposed to 20,000 in the internal combustion engine.

Thanks interesting talk RedRoy, it will be all over for the combustion engine by 2030 if electric vehicles follow the same trajectory as other disruptive technologies. It will also be over for many companies within a couple of years if they have not grasped the challenge. Interesting example given with Kodak, who invented digital photography, but did not use its potential, went bankrupt.
Reckon Glencore are reading from the the same script as they have announced they are not going to increase coal production, but are going to put more money into mining commodities used in electric batteries and other technologies vital in the shift to cleaner energy, such as copper, cobalt, nickel, zinc and vanadium.

Thanks, let's hope electric vehicles do as well.

Araguia does not need a tailings dam and If electric vehicles take off like turbines, Vermelho nickel will be needed even if it produced in the same way as Araguia. Vermelho cost us about 8 million, bit of upside left I would have thought.

When I went looking for a house some years ago, I was armed with planning applications for wind turbines, I hate the things, but don't think they are going away!

Hopefully within the next six weeks we will get more info on Vermelho, this will enable us to gauge the full potential.

The sad future job losses at Swindon are partly due to the new electric technology, change is coming fast.

Only a few years ago I though wind turbines were a fad.

Thanks, reckon we have an interesting few weeks with Trump and China, but the future is bright.

Thank you RedRoy, well worth reading, several times.

I've got to stick around as I am well down, but will still be here when well in profit, with the potential that is just becoming more obvious as electric batteries take over.

HZM were very happy with initial test results on Vermelho in early Oct last year, any guess on how long before releasing the full results?

Thanks, good luck to them.
I used to operate like that, they were in retrospect my happiest and most profitable years, I did not know what a share chat site was!
My happiest moment was making 30% on Ocado in a week. Bad luck their warehouse fire today.

The US Senate have been told that when the electric battery mega factories have been built around the world, nickel demand will increase 19 fold.
So keep selling in 200,000 plus chunks, must make perfect sense to someone!

When nickel was last at today's price, this share was Ip more and that was with Lombard selling down their large holding daily. If Lombard had not sucked the life out of the share price for months before, we would in my opinion have been at least 5p at that point.
Lombard were selling because they had merged.

Lombard were selling their large holding for months, simply because they had merged and we did not fit the new investment strategy. No one knew who was selling, every rise was sold into, so the share price diminished over months. Then the dip in nickel prices and a feasibility study which arrived many months after it was first expected. Even I felt a bit jaded after that, so did the share price.
Does not change the fact that the nickel assets are there. If you think nickel will be needed and the nickel price will reflect that, I think this is a good opportunity.

Nickel has only got to go up another $1000 dollars a ton and it will be $2.6 billion free cash flow over life of mine. Then of course there is the other mine which only has a nominal value attached to it at the moment.

Perhaps when the preliminary figures for our other mine come out (think Vale spent $200 million on it and it does not need a dam) NPV might improve. Cobalt and possibly battery grade nickel.

The IRR Angel are talking about are based on the October figures, HZM issued much improved IRR figures based on building a second furnace, thus producing economies of scale. The second furnace to be financed out of revenue once the mine is producing, Our production would be up with the big boys and coming out of the ground at a low cost. Someone will bite, or we will build,