Member Info for TrickyDicky2

....already. That didn't take long. You might get one more brief run up here but the inevitable direction of travel is down.

Another disgraceful Bell manipulated pump on a fluff RNS and on a "Reach" RNS at that so there's no excuse for not seeing this for what it is.

What is RNS Reach?

"RNS Reach is an extension of RNS and delivers non-price sensitive information. It is used by companies to keep in contact with investors and can include marketing messages, as well as product information for commercial purposes."

At least Cornish is not mentioned on the "Reach" so he's distanced from the whole thing.

TDT

Rover2

Big outfits are not immune to making bad investment decisions and they're not inclined to throw good money after bad either if it seems to them that, in the interim, things have changed.

Take BHP and nickel for example. Several years ago they would more or less have paid you to take their legacy nickel assets off them so desperate were they to off load. Move on a couple of years and nickel became central to their future so positive did they views its prospects going forward. And now?

The one thing that most PIs here seem to be hanging their hats on is the belief that the big cornerstone investors and banks will not walkaway from the monies already invested. That's an assumption and you know what they say about assumptions, they're the mother of all feg ups.

The Chinese are determination to take a large chunk of the emerging EV market. To do that they need to control, plus other things, the nickel market. The CCP are wholly behind all of this. Normal market rule simply don't apply.

TDT

TDT

Rover2

That sort of analysis is a bit like what was being said about sulphide-vs-laterite several years ago. Then there was a similar argument about nickel being essential for batteries just as LFP emerged and took over 50% of the Chinese EV market.

I don't think you can hang your hat on Indonesia running out of reserves. They have a large laterite resource that could be convert to reserves plus there's still plenty of drilling to be done to add to that.

The bottom line here is the Chinese have established a dominant position which western companies will find almost impossible to challenge. Vertical integration, from mine to finished EV. Being in the lowest cost quartile for nickel production is only one advantage. No mark-ups as you progress through the food chain produces and end product the west can't match in price.

Anybody looking to finance Horizonte are likely to be an awful lot less sanguine about the medium term than you.

TDT

Rover62

Why do you think they will fail?

TDT

“If I’m correct, much lower SP to come.”

I think that statement is what’s called non-evidence based guess work.

TDT

David Lenigas.

I've just has a John McEnroe moment.

TDT

Try working out what the unexpected figures have been over and above what would have been expected in stead of routinely alluding to the inflation bogeyman.

https://www.imf.org/external/datamapper/PCPIPCH@WEO/OEMDC/ADVEC/WEOWORLD

Then ask yourself what was the contingency supposed to cover. Lastly try and square that with the CAPEX blow out. The blow out is not down to inflation alone.

TDT

"Ok TDT , HZM “will be” one of the lowest cost produce"

LawrenceH, you're assuming they haven't dropped a similar b o l l o c k on their OPEX calculations as they appear to have done on their CAPEX. I'm not sure you, or anybody else for that matter, can make any nailed on statement about where Horizonte is likely to sit in the cost curve once they get up and running. If they're still going to be in the lowest cost quartile once they get this thing built, fired up and working all well and good but they don't claim lowest cost quartile any more only low cost. Its about time Horizonte came clean on where things now stand on that front.

TDT

"HZM are one of The Lowest Cost produces"

HZM is not one of the lowest cost producers because HZM does not, at the moment, produce anything.

Let's hope their estimated OPEX is a lot more reliable than their estimated CAPEX.

TDT

It’s Inferred you useless arze scratching k n o b jockey. You have about as much nouse as you fat friend Bell if you think an inferred resource means anything significant for Red Rock.

What a clown🤡

TDT

“……. may enable the company potential options to mine or sell? ”

Or may not.

TDT

Mohamnx18

What was raised recently will largely go towards paying off loans that are due for repayment.

If granted the authority to issue more shares rest assured fat boy will issue those share to the max.

TDT

“……and on the assumption that lithium prices are now bottoming ahead of a steady rebuild as the widely forecast supply deficit around 2028 takes shape.”

https://stockhead.com.au/experts/barry-fitzgerald-as-lithium-prices-plummet-this-us-play-looks-better-value-by-the-day/?utm_medium=email&utm_campaign=Weekend-01-19-2024&utm_content=httpsstockheadcomauexpertsbarryfitzgeraldaslithiumpricesplummetthisusplaylooksbettervaluebytheday&utm_medium=email&utm_campaign=Weekend%20newsletter%20Saturday%20January%2020&utm_content=Weekend%20newsletter%20Saturday%20January%2020+CID_1dc91e9feb9a8a18a6a0b18e7ca7413a&utm_source=Campaign%20Monitor&utm_term=Read%20More

TDT

“Won't see 0.1p every again…..”

Yes it will…….

……after the 1:50 consolidation.

TDT

".....the company is genuinely so watertight ........."

Agreed.

Then again it has nothing of value to leak so it can be as watertight as duck's chuff for all the difference it will make.

TDT

The market for lithium has softened, simples. On top of that tin refuses to climb back up to the levels it reached a few years back. AV's options this time last year must have looked very different to how they look now. At least the picture this time last year allowed him to fill the coffers. We now have a reasonable safety net to see us through until better times.

It's not all bad. Patience.

TDT

Not far off 4 months since the balloon went up and Orion are only getting their man onto the board now! I'm not sure if that's a positive or a negative.

Does seem rather odd to be so slow off the mark.

TDT

Sandwell

"Maybe read up on the company and what’s available to mine in the ground?"

I think you need to take your own advice. If you had read up on what this company has (or more accurately doesn't have) you'd know that West Kytlim is not economically viable. It has never made a profit and never will, drag-line or no drag-line.

TDT

Slurms

Good post. A friend of mine was saying something similar just the other day. He has a few miles under his belt in this game so his view, IMO, stands for something.

Its always darkest just before the dawn.

TDT

Billyrvalentine

There is value is saying something clearly and once.

TDT