Member Info for TrickyDicky2

"They are not related in any way shape or form."

Whether they are or not will depend on what constitutes "completion of the Disposal". If that's receipt of funds in Amur's account then you are correct. If "completion of the Disposal" runs from the distribution of funds to shareholders then they may well be linked. If an RTO is proving to be more difficult to tie down than expected they might want to push out to the full 90 days.

They have 6 months from "completion of the Disposal" before they either have to de-list or be re-admitted to trading on AIM as an investing company under AIM Rule 8. When the clock started ticking or if, in fact, it has is the issue.

TDT

TDT

TDT

There are none so blind as those who will not see.

TDT

Hazbeen

If you look at all the base metals they've all taken a hit today so this is not as a result of China ramping up nickel production. Horizonte is merely reflecting what's going on elsewhere.

If you look at nickel in the medium to longer term everybody is still predicting a supply squeeze 3 to 4 years out from now. That hasn't changed. Also, the Chinese might be bringing new mines and processing plants on line but don't forget the other end of the equation. Mines don't produce forever, they have limited lifespans.

As for batteries there will be all manner of chemistries used in the coming years some with nickel, some without. Nickel in batteries will be needed for years to come.

Horizonte's big advantage is its not Chinese it will be producing in the lowest cost quartile and, last but not least, its ESG credentials (not as big a plus as the first two IMO). That's about it apart from the fact that todays wobble is simply a buying opportunity.

TDT

It’s just as well Araguaia is not focused on the battery market in that case.

TDT

I think it inevitable we are going to see some nickel price weakness in the immediate to near term.

https://www.thesudburystar.com/news/local-news/nickel-prices-seen-falling-as-global-surplus-looms

The long term still anticipates a nickel shortage though but that is now looking like it might get pushed out by a few years.

TDT

Banburyboy

It usually take at 1:10 or 1:20 consolidation to trigger a tipping point. That's still to come but as sure as night follows day it will come.

TDT

HallsWorthy

In the history of ramping that one has to be pretty close to the worst I've ever read and I've read a few in my time I can tell you.

TDT

Rover62

Canaccord went from 14,460,666 shares on 30/11/2022 to 8,500,000 on 13/04/2023. That's a dump of almost 6m in four and a half months. Between 13/04/2023 and 28/04/2023 they haven't sold any (if the Horizonte web site is accurate and can be believed). If they've stopped selling but Fidelity are still buying we may start to see upward pressure on the share price but so far that does not appear to be happening.

TDT

".......with a peak copper value of 306 ppm and an average value of 125ppm Cu."

I wouldn't get in the least bit excited by these results but I'm sure the ramp collective will, or at least they'll try.

TDT

....or coat.

TDT

Oooops, just noticed OilyRags flagged this up on 16/05/2023.

I'll get me cost.

TDT

It looks like we have a new 3%+ shareholder.

Fidelity Management & Research - 8,208,646 shares - 3.05%

They weren't on the 13th. April 2023 shareholder list on the Horizonte web site. The web site was updated on 28th. April and they've suddenly appear, no TR1 as far as I'm aware.

That explains who our buyer soaking up Canaccord's shares is.

TDT

Sorry B1ll but that should have been:-

"Rosnedra will not be saying anything about any DFS because it's not a DFS they will be assessing, they will be asked to assess a TEO."

A TEO is the standard Russian system for reporting mineral resources. This will give you some idea of what Rosnedra will be asked to assess.

https://www.dropbox.com/s/uhgjnwh9gu0rmko/THE%20RUSSIAN%20RESERVES%20%26%20RESOURCES%20REPORTING%20SYSTEM%20copy.pdf?dl=0

TDT

"Finally, it kind of doesn’t matter what Rosnedra does or does not say about the DFS."

Rosnedra will not be saying anything about any DFS because it's not a DFS they will be they will be asked to assess but a TEO. As I'm sure you know:-

"The Russian classification allows for something known as a ‘‘sub-economic reserve’’

(often material that is classified as "zabalansoviye" resources). This is material that

has been intensely drilled and analysed (including economics, engineering, etc.) but

which is not economic under current conditions. This material would not be

considered a ‘‘reserve’’ according to the SEC standard, but could well fit within the

Measured and Indicated category under the Internatonal Code. Moreover, the intent of

the classification is the same. This is material that has been the subject of a full

feasibility, but which does not fall into an economic reserve at present."

TDT

Yet another mug sucked into the black hole that's Andrew Bell.

TDT

In full:-

"Iknownuffin is a legend in his own lunchtime"

TDT

“……..within 90 days of the receipt of funds.”

TDT

Gilyard

Check the last RNS dated 14th. March, this bit in particular.

"The Company has previously announced that it will pay a special dividend of 1.8 pence per share to shareholders within 90 days of the receipt of funds. Further announcements in respect of the dividend dates will be made in due course."

Receipt of funds was confirmed in the RNS so the 90 days run from 14th. March. so any time around now or at least before the middle of June I believe/think/hope/wish/pray.

TDT

This is well worth a read.

https://www.thewirechina.com/2023/05/07/the-nickel-pickle-tsingshan-xiang-guangda-indonesia/

In particular the tables under the heading "Where does the world's nickel come from" is worth noting. The nickel reserves and mine production figures give you some idea of where the west will look for supplies that aren't controlled by China.

TDT

Hazbeen

This is nothing new. A Chinese HPAL plant in Papua New Guinea has been dumping toxic sludge into the sea for years.

https://www.reuters.com/article/us-papua-mining-spill-idUSKCN1VI0VW

https://pmc.aut.ac.nz/articles/pngs-ramu-nico-mine-environmental-time-bomb-2199

Deep sea tailings dumping of toxic sludge was thought to be the way to go back then but that out of sight out of mind approach has been shown to be short sighted . You can get away with that sort of thing in a place like PNG because there is essentially little government oversight. You are reliant on NGOs to run the flag up the pole. Indonesia isn't that different although I very much doubt the Chinese will be allowed to be so brazen there.

If Vermelho goes down the HPAL route to produce class 1 nickel they will not dispose of mine and processing waste in the sea. This is worth a read to see exactly where Horizonte has gotten with Vermelho and what to expect and when.

https://horizonteminerals.com/uk/en/press-releases/2023/eia-submission-for-vermelho/

TDT