Member Info for wasarunner

don't think anyone got it or maybe its just a nerdy thing. Friday we had 0, Monday 1, Tuesday 1, Wednesday 2, Thursday 3, Friday 5......and so forth....it's a famous sequence.... I'll shut up now. GLA!

>>Probably final top up before (hopefully significant) news lands
I lied, another £8k added. This time I had to split the trade.
Noted yorkie I didn't know that. GLA

also off topic.

I'm expecting 3 RNS' tomorrow. It's a Wednesday afternoon puzzle :)

I added just under £10k early doors. Probably final top up before (hopefully significant) news lands, for me. It went through sometimes I've struggled to buy £10k here.

How about this for a question:
"Is something momentous is about to happen?"

sorry mate - normally if you wait till I've bought then a day or two later the price is always cheaper. I seem to always buy the peak.

Like others, hoping for some inklings in May but not holding my breath. But really hoping no delays to June. June is as late in H1 even by JM's interpretations as we want to go. He was clear on the year wasn't he? 2021. Maybe someone should check that on the Q&A!

4x100k buys today are mine. Interesting if it gets sold off.

I'll leave it there I've got enough Horizonte to keep my bed & isa going a few years on all accounts. Always supposing we stay independent. I don't think they will all every make it into the ISA but something like 90% SIPP/ISA in the end I think. Roll on the news. I am hoping for divis in the ISA but for what its worth people know my view I'd be very surprised if we make it that far independent. GLA

So I added £45k. It disproves my theory that 8p is good value. I now have to support my thesis with funds.

Damn - third time wasn't lucky.

Bob indeed sorry if I misinterpreted you been a long day (sadly, still have a dayjob, though if Argo and Horizonte both do what I think they will do in the next 0-2 years, not for much longer)! Good luck. Feels a bit weird that people invest in Horizonte and Argo but I know a few now that do. They are quite different. Maybe a bargain is a bargain - whichever sector you find it! And I do believe they are both bargains at the current levels vs what's ahead.

Yeah you're probably right - what confused me was the price was going down generally the later the buy. But then so was the size, so maybe it was somebody who knew what they were doing. I generally don't, when buying, and end up paying over the odds.

Bob - got lots of HZM but I can spot 'oversold' when I see it hence topped up today. I think Argo is a great investment (always supposing BTC does what it is supposed to do) and by any measure the price available today is great. I close to doubled up today, which is the most I will put in. GLA

Nobody likes it when management announce a brand new 25% slice of pie they have just created. Even if it comes with delicious filling, it is met with distrust. Maybe it isn't as good as the original pie. Has the overall pie really got bigger? Sometimes it results in people giving away their own slice of pre-existing pie. Sometimes the whole pie shrinks to its former size and the new piece of pie disappears. People then wonder who ate all the pie and whether to trust management at all.

If we're talking food then we have to consider the fact that Argo is 'a pie'. Instos want a lot of the pie. Not necessarily all of the pie but definitely the middle bit with all the filling. They will leave a little crust for the common man because - without the common man they would just be trading slices of pie amongst themselves.

Everyone wants the pie to grow. The key of management (indeed their only purpose) is to bake a really big pie. Size of pie is their raison d'etre.

We, the smaller folk, compare size of pie, and when we got our pie. If you got some of your pie last year you probably have a bigger slice than me (my pie is modest, I bought it this year). Size of pie is not everything. How long you hold your pie is significant as holding your pie for a long time enables to grow.

And so forth. I find the pie analogy useful in investing. GLA :)

are those last 4 trades of the day sells? Hard to tell. Round number sells if they are

Just checked the nickel chart I haven't looked at it a while. That has to be about the most stable 2 months nickel has had in its history since beginning of march. Oscillating in that 16-16.5k range. Makes a change from the wild swings between 11.5k-18k. I hope I haven't jinxed it now!

done. Hit my buy price for 140p. That's me in for how many ARB I want to hold. Now just tune out and wait. GLA

But again not the one we are hoping for. Third time lucky hopefully....

jd for the avoidance of doubt I hope you are right and we see the mother of all rerates. My sense is Craig and I are in the 'bear optimist' camp - gradual rerate from finance equity price, you are in the optimist camp, we got pickedp and Bwana somewhere in the middle and a few others. The placing is good value of course - few institutions wouldn't buy for multiples upsides, they will have seen a presentation they like - of course, stocks do go below placing prices from time to time so they aren't a given. It works for me either way, slow rerate or fast rerate, the rerate will happen the nickel deficit, lowest quartile producer will take care of it.

Because I'm convinced of where HOrizonte (would eventually) get to, I find myself wondering when the journey will get cut short. I don't know how others here feel but I just can't see for the life of me how a junior, built a mine, got another one to DFS (say) stays independent in the face of the mother of all commodity bull runs? Surely that's the game here. At the appropriate point this gets snapped up - for my money - 2023 or 2024 shortly after mine is built and starts producing.

I'll be looking for clues in the financing deal whether that is likely/unlikely to happen - looking carefully at who does what and who the cornerstone is. GLA