Member Info for wasarunner

This year I think I go above 10m shares in the ISA(s). I don't think the govt intended me to shelter £5m gbp tax free when they invented the ISA but I'll take it (at HZM 50p)...

pp when I realised this problem I stopped putting in the SIPP. Not in 1m years did I think the SIPP would get to the lifetime limit but I think around 30p Horizonte it does. 30p is my lower bound estimate for exit in due course (and I can't touch my SIPP till 2030 so it is a decent timescale if Horizonte stays independent).

First world problems chaps, lifetime limits in SIPPs....

Dj i think people predicting 40p this year are overestimating people predicting 40p in 2025 are underestimating (I hope). I think Horizonte will follow a more gradual rerate paths and to a lot of pi's who need wins sooner it may be too long. But $80bn nickel and a deficit come 2025 don't lie so those who can afford to wait it out ( not all can ) will win and win big. All imho.

SJ - all good, shame it moved against you I did feel buying would arrive in the new tax year it always tends to. You've got plenty you were playing with the periphery of the portfolio and you knew there was a risk. Incidentally you could buy it back but it hurts - still plenty of upside from 8p :)

I think Horizonte is going to be massive. I think JM will get the deal done, I don't know the path the shareprice will take after that but my feeling is more dilution (both quantity or price) than we hope for at this stage BUT and this is the big but, the assets will get developed and we are talking multi billion $ NPV in years to come. And the mcap of this company, in time, will clearly exceed £1bn - it can do that with todays nickel price let alone what premium will be paid for ESG and battery grade in the future.

I've positioned what I've called my retirement shares accordingly - 20m+ shares will remain, my long term target for this is the 30-50p+ range depending on dilution and what happens with Vermelho and my timeframes are 2023-2025 or beyond. There may be better/quicker stocks out there but the sheer likely demand (for nickel) and sheer asset size (x2) make this compelling investment I think. I'd be happy with £6m exit but I think in time £10m is very possible. Won't sell a bean, always supposing the stocks I've bought for a shorter timeframe do their thing (as I'm currently homeless and could do with something more solid than my caravan).

No regrets investing here - yes it has taken longer than anticipated but the upside is better than I anticipated and I remain convinced of that. This is a very good investment at nickel $15k/t. But nickel is likely to be way over $20k/t perhaps over $25k/t by the time we're in serious production with both mines. The patient will be rewarded, handsomely, all IMHO.

>> I'm getting around 257k shares in per ISA.
Just checked last year I got 1.04m in per ISA! That means we're up a fraction off 4x in a year, be very happy with that kind of multiple in years to come!

2 / 5 of mine are done (today). ii being a bit slow about the rest and I can't get people to phone up to get it done over the phone... was hoping closer to 7p than 8p but 8p will have to do! I'm getting around 257k shares in per ISA.

Thanks for sharing Glengarth. That's a comprehensive list! If only one had infinite money to buy into all of the opportunities but I guess to not dilute own holdings too much you have to pick from the list! I've tended not to have more than 5 stocks in the portfolio, but make darn sure I research thoroughly and wherever possible talk to or meet directors. That was obviously a bit easier pre covid! GLA

O/T there's also SAV for EU lithium. Not personally invested but know some who are. As commodities become scarce and get divided along geo political lines you also have to start picking investments for jurisdictions you want to supply as well as location of the resource. In the case of ACP sounds like we might be in bed with the Chinese? But the west will pay premium for ESG etc.

O/T vonccf92 Bwana and I are invested in Pensana (apologies to board for off topic). It is kind of exposure to EV but also renewable energy (turbines). I see a similar potential and return to Horizonte and ACP but probably more on the Horizonte timescales than the ACP timescales. For full value. But plenty of early rerate opportunity too.

That's the nice thing about all these stocks - you can buy them to double your money over a shorter timeframe, or hold for megabucks when EV is in full steam. For me, full steam is 2025+ but companies like ACP might be long sold before then. I'm not complaining - as long as the buyers are paying premium for their premium grade graphite/nickel/rare earth miners of course...

Hazbeen - good to have an anode side to the portfolio as well as the cathode :) This is the share I am most excited on a 12-24 month view. For me Horizonte remains my golden goose on 2-4 year view. Good to spread risk and reward. One of the things I've learnt with the experience at Horizonte is there has to be an advantage buying into a company which only needs £20-30m to finance a mine than one which needs £300m+. It turns out £300m+ is quite a big deal to raise for a junior - it takes years, and you don't necessarily get the terms you would want no matter how blindingly good your resource. No such problems here. I am not saying financing will be a walk in the park but hopefully as close to that as possible. GLA

Harsh - but probably fair!

probably depends on Kabunga and bored PIs! But here's hoping. I'm out of cash (again).

And some more. Now closer to 6m shares. I did say to myself I'd stop at 4! Probably do me now and will wait patiently for events to unfold. Always the hardest bit - the patience. But if you've bought the right stock its the way to make proper dough. GLA

Ditto I added at 5.3. I may add more if it drops lower. See the 5p area as excellent value still for what's coming.

I put my 5 in this morning but none have executed so far (I think). ii always take a couple of days I think to get it done.

A bunch of chunky trades sub 5p this morning but the price has moved up. Can anyone tell if those are likely to have been sells? Across a lot of my stocks I'm seeing buying I guess new tax year brings new money. Wish I had some new money to invest some of it would be going into ACP.

Additional capital to increase loan portfolio. Got to be good to be borrowing at 1.2%/month and lending at 1%/day.

And lets not forget, it's Q2! Going to be a cracker I hope with financing landing perhaps June. In the meantime what's a couple more months of dullness we've been here long enough. Hopefully we will have news of the preliminary works in the meantime. GLA

I agree $100m/£100m might be achievable post finance (and maybe more) but then the sp will depend on the shares in issue (including any warrants converted). Working on worst case the number Bwana outlined below that would give around 10p/14p. That's at 700m shares. There will be some uncertainty about the precise nature of financing so the ML in and of itself is unlikely to get us to those numbers - all IMO. But been wrong before and pleasantly surprised by the upside on other stocks.

10p definitely a worthwhile first target before any dilution that would get our mcap up around £50m/$70m. That might be doable with the licence. Financing is of course a de-rik/re-rate event in itself so definitely expect a higher SP post finance than post ML. Generally I try to be conservative with estimates that way you can be pleasantly surprised when the stock outperforms. It is a market at the end of the day and what the fundamentals are worth is not always truly reflected in the shareprice.

10-15p financed and 20-30p+ start production. I dont know what we will be with the licence because the market is irrational. With it being low capex really the market should price it much higher with the licence which is realistically the only bit the company doesnt control but the market isnt rational.

With a bit of luck financing follows not too long after licence and we can start to achieve closer to that npv based valuation.

I probably need to sell about half my holdings sadly at finance/start of mine build but really hope to hold the rest through to production and beyond. 30-40p+ in future production or company sale value has to be possible. That would still only be 50% npv and with future expansion of resource.