Member Info for wasarunner

don't know but they must be confident of demand to make the investment. There will be competing chemistries and competing manufacturers, I can't see monopoly in big auto - Tesla has a head start that's all. Logistics of making all the cars for whole world is too complicated - more complicated than say making 50% of all phones for the world. Of course that doesn't mean one or other battery format doesn't emerge victorious eventually or that that isn't under IP. Anyway these are nice problems to have, for now we still have optionality on the mines (well Vermelho at least) which for my money is a good thing as the industry figures out what's needed...

in the meantime, here's my local gigafactory being planned... apologies if already posted.

https://www.bbc.co.uk/news/uk-england-tyne-57742782

Ivor - last time I spoke to Sasha who has regular contact and everything was going well - this was around mid June when they then RNS'd slightly later. I'm trying not to bother SR for obvious reasons - I don't want to be the 'are we nearly there yet dad' type guy! Everything I heard in June makes me very confident that this will happen and we will be pleased with the outcome. For timescales, we probably need to phone BNP Paribas not Horizonte to enquire, I expect....

I'm quietly hoping for my own sakes it's September due to additional funds landing but of course that's quite a selfish perspective and we all want this yesterday really.

fish and smoking apparently - but the article did say they don't eat more nickel than anyone else, other metals like cadmium and mercury. Apols for the off topic. What we need is a 'nickel hungry' industry. I'll shut up now :)

I was blissfully unaware that people consumed nickel until I read a slightly alarming article on yahoo this morning that suggests French people eat the most heavy metals, a recent study. I will now have to research future dietary habits to see if this is possibly an alternative destination for our product. nickel plated fois gras anyone?

Damn maybe pickedp is the cornerstone. There was me hoping for Glencore. Gla

The mystery seller shall remain a mystery. JD has made contact with me outside LSE and told me his account got locked so stopped posting but very much still a holder and asked me to pass the message on. GLA (except the seller of course boo...)

Thanks guys. I'm inexperienced on the trading side just noticed the outsized amounts. As you were then (waiting for the ML)....

30-Jun-21 10:54:35 6.80 3,696,000 Sell*

It's a big one! That's JD out for sure...

someone wants shares

we were royally kabuggered at around 8.30 am this morning - twice.

I was rather hoping (but don't know) the meeting might be end of month - for e.g. yesterday/today then results by Friday? But no idea really. Some news would be nice, can't help but feel there's a lot of other news that can fall in place rapidly once the ML is granted.

Just to qualify the main reason I think Horizonte can't stay independent is the scale of resource. If we were small, or mid-size, maybe majors wouldn't be interested. But going on 4m tonnes proven, viable, lowest quartile etc - roughly a year of global supply at current levels. Surface mining, not the deep stuff. Amenable to different processes. Not going to happen. $25k/t is nailed on for nickel in the next few years (not just Woodmac but common sense tells you this - we're at $19k/t and there isn't even deficit yet). $100bn in the ground and nobody makes an offer? Nobody who can afford $1-2bn for the assets? It is simply impossible that we aren't taken out IMO. The longer we last, the bigger the reward, the board know it, we know it, but they have to progress the projects or we'll get bought at low % of asset value. We need a solid DFS (at least) on Vermelho and preferably Araguaia at or close to production. Buyout price is going to be very large here then.

Q3 starts tomorrow. Roll on and hold the line chaps and lasses, it's coming home! (I'm talking about Horizonte of course but after last night who knows maybe even the football is possible!)

>>if they manage to stay independent
No chance with what's coming. If nickel was just what it was for the last 10 years maybe. But it is precisely because of what will happen in the next 5 years that there is no chance Horizonte can stay independent. All IMHO. We will get a big clue at financing I expect. As to the footy who knows. Both decent teams it's knockout time, as recent results have shown it can go either way. Roll on Q3. GLA

https://twitter.com/HorizontePLC/status/1409757271567966209

That's what the company are saying. Nearly Q3 yet?

my hope all in warrants and all (pardon the pun) was 700m shares. I guess depends what the % equity v debt, and what strike we can get for the equity. Hopefully 8-10p range (or more) then 100m shares would probably be an overestimate. GLA - hopefully soon things start rolling here.

Thanks Haffy I didn't realise it was to list the warrant shares, so essentially it isn't to say they have been exercised.
Presumably the 501m shares corrected then doesn't include any of these warrant shares so the 43m shares will be on top, plus any other warrants already blocklisted but not yet exercised.

Could that be Kabunga (and others?) converting remaining warrants? Looks like a decent chunk - 43m shares

I think Mr Market is missing the fact that the likes of Glen, Orion, Teck etc. very much want this mine to proceed and that the company is therefore negotiating the terms, and not the 'if' of the finance package. Banks are banks, they're fairly slow and ponderous and part with cash less easily but all just a matter of time imo... Also for some reason Mr Market has decided the deal when it is confirmed will be on terms which are not great for shareholders - hence the 6.4p or whatever presently. I think very wrong - like you, I think Horizonte hold many cards here. Nickel is at $18.5k/t and DFS number is $14k/t. Who wants some? GLA

Hopefully we never find out the 'no deal' scenario because we will have the deal soon. I think I naively assumed you would always get a big amount for the assets but I do think finance is now the key - I dont want to find out the plan B. Thankfully at least $50m has been spent by institutions who would not see necessarily 1p of that money back if finance doesnt happen. It must now be entirely down to the banks - with the cornerstone engaged and offtake is easy (apparently) then getting the $325m or whatever signed off is the key pretty much as alluded to in the last rns. Then it will be spoils galore for all invested. Gla