Member Info for Slubby

Mentioning 20p a share must have frightened the horses!

Craigie over on the other side has reminded us that JM has mentioned multiple times that Onca Puma (similar to Araguia) was sold for $800m, plus we have Vermelho. Our present market cap is 35m. Nickel prices were very high back then, but the big miners are pretty bullish about future prices. I don't think 20p plus would be unreasonable for both mines.

Perhaps the Teck representative on the board suggested that sort of split between cash and shares?

Last sentence should read, during that time greater understanding of the economic and environmental impact of WASTE MANAGEMENT has grown!

From a website - Origen Capital were set up ten years ago to fulfill the demands of visionary investors seeking strong financial returns that go hand in hand with social and environmental responsibility. Our investors want to grow their wealth at the same time as securing a positive meaningful legacy.
Renewable Energy - We are global advocates in the renewable energy sector having operated in the sector since 2009. During that time greater understanding of the economic and environmental impact has grown and with it the opportunities for investors.

Thanks Allan,

I'm here until it produces or is sold.

Money Sponge again.... And then imagine if nickel were to return to half its historic 10year high $25,000/t
HZM's 28k/t pa operation results in:

$2.8bn NPV
8.37bn Free Cash Flow over LOM
50% IRR

Nickel price forecasts for 2020 by the institutions vary between $15,500/t to $18,250/t. According to Money Sponge on Twitter every $500 increase in nickel prices, increases free cash flow by a minimum of $150m, this steepens the higher the price goes.
If it hits $16,500/t HZM's 28k/t pa operation results in:

$1.2bn NPV
$3.87bn Free Cash Flow over LOM
31% IRR

I don't mind, it will be a win either way, even for those of us who are still 50% down.

To those in charge for getting us this far and to all the contributors that have made this such a decent and knowledgeable space.
Game on!
If this tanks today, I will assume someone wants this on the cheap.

I think the Doc Holiday followers are leaving us. Seems a long haul, but have also stuck with Eqtec for a long time, it appears to be paying off, so will this one,

Miner Anglo America is betting on South America as its main growth area for base metals. The company wants to prepare for the expected boom in demand related to electric cars that is likely to fuel appetite for nickel as well as copper.
The head of Anglo's operations in Brazil is stated to become head of base metals in March.

It's the thought that counts!

Watching the news yesterday, it is clear that all diesel car manufacturers are now having to begin again with the new electric engine technology. It is truly disruptive technology and a large amount of nickel will be needed.

Glencore on nickel: "Half of the global inventory in nickel that existed in 2015 has been consumed. Demand is much stronger than most would recognise."
Woodmac long-term nickel incentive price over US$20,000/t.
Macquarie says nickel best pick for 2019.
What's your nickel outlook for 2019/20?

My thinking is that after the construction licence is granted and before HZM has finalised financing, would be a good time for an offer. It had better be a good one, I'm happy to wait until we produce.
Erris is interesting at the moment another Jeremy one.

Thank you.

Takeover offers, I wonder if the UK Takeover Code will apply? It appears to hinge on the residency of board members, even though the company is incorporated in the UK.

Could be quite a bun fight, looking forward to it!

I am only 50% down now, so will celebrate with a cup of cocoa tonight.

I know at some point he will sell and tell us later, but this is his latest tweet on HZM.

HZM 1.95 to 2.2p and rising. Book gains or ride your winners "That's an iñdividual choice"

He certainly called Quindell right!

Or even knowledgeable!

Welcome, I thought it good value when I bought in the 4's. I have not stuck around only to get my money back.
There are a lot of very knowledgable people here, who have kept faith through the last few interesting months. Hopefully will get very interesting soon, in the nicest possible way.