We would love to hear your thoughts about our site and services, please take our survey here.
Having read the RNS in full now (yes I should have done that this morning). There is no doubt in my mind now that the 50% referred to as being on budget is the money that has been spent. There is *not* a remainder 50% that is over budget
”As at the end of April 2022, the Company had awarded contracts totalling US$204 million with a further U$66 million of contracts to be awarded imminently, on budget. In total this represents approximately 50% of our pre-contingency project direct capex.”
As Jezza went on to say this is "a very positive result."
Shear class I'm not sure exactly what that statement means from the company, it's a little ambiguous to me as to whether or not JM means fifty percent of the capex so far .. which is what you and a lot of others have read it as or 50% of the total capex with more to be spent later ...
Dunnarunner?
I'm sure it's just a mild reshuffle.
You've mentioned this before, I'm not propagating the subject title .
There is no reason for it.
Sorry to sound rude (even by my standards) but you're flogging a dead horse here. Other people have given far more eloquent answers to the same concerns you raised a week ago
I was wondering the same thing myself. I don't think they're done. I also think they were smart enough trading wise to take a break from pumping up the price for themselves.
I'm right.
Didn't realize you'd bought in, I knew you were thinking about it
Do you have any workings on why you think there's even a remote need for dilution? I look at the balance sheet and struggle to see any need for dilution.
No need is there.
No.
Any theories as to why the price is behaving the way it is? I'm mildy surprised.
Awesome news well done all.
It's taken nuts of steel to hold
You were however right to point out macro could change very easily.
Imo macro isn't a risk as by the time the mine is producing a recession is likely to have been and gone.
It all depends on execution which is fully funded with contingency.
I guess someone is buoyed by the bear market. No surprise that nickel is falling a bit don't forget what the stress test values were.
”Any directors bought into the dream?”
I really should tell you dyor but yeah actually and Glencore too.
Investors? Possibly you!
(Not sure how leftfield your reference was Gonzalez but it landed here :-)
I'm skeptical BTW. You might get some useful results with big companies and some guided input but I just don't see how beyond creating self fulfilling prophecies they'd work, they don't have enough data to know about HZM, is it likely they know funding status? Or the outlook for nickel? Or is it more likely to be a few if statements around some technical analysis?
Have you had much success with these sites?
Ah I see ...
It can be a massive red flag on Aim yes. Especially when it is used to sweep previous massive dilutions under the carpet (I'm talking the tens of billions of shares that you sometimes see).
But ... That's not what is happening here, they're very well fund d. I'd hate to guess at the best price to buy in, but I'm still buying from time to time.
I think that's very unlikely can I ask why you think it looks likely, no offense but it looks like you've done very little research.
25% upside from current price perhaps?
Shot in the dark but anything to do with the loan notes?
Ah, cheers for cleaning that up.