Member Info for wasarunner

No mate, it's hard to find cash down the back of the sofa when you sold the house (containing the sofa!) It'll be modest amounts from the dayjob.

have to say I'd prefer not to be buying in march and april and be celebrating a great string of RNS' instead though!

yeah thanks for your help with the RSP prices buddy... murky world of MMs indeed.

I don't see a scenario where financing doesn't complete either. Even if there is a problem, the company (with cash reserves) and I can wait. But I think it will complete this year. Sooner the better but if it happens after 6th of April - even better. GLA

1.2m shares this week to just under 26m owned. House money is in. Will add in March and April if still not financed and still under 10p.

Surprised in a way still to be adding under 10p. If we had no dilution, at 50% NPV valuation based on current shares A1 at current nickel price would be around 26p. A1+A2 43p. We're likely to have some dilution but also likely to eventually be valued at >50% NPV so 10p is safe all day long. And there's Vermelho.

Nothing to do now but wait patiently and watch all the other shares we could have bought go up in value! GLA

ChameleonMan in addition to the sponge's good summary the investor presentation is excellent if you haven't already seen it.

https://horizonteminerals.com/uk/en/investor_presentation/

AIM - I think they left the post has gone. I don't block anyone.

I wouldn't blame anyone for having an up or down last year, was a pretty ****ty year. Buying and selling some shares based on some uncertainties etc. I had my wobbles but held but that doesn't make me great, maybe it makes me stupid if Horizonte hadn't pulled through it still with the same message - it is happening.

Anyway just waiting patiently now. GLA

in the future it will seem really odd that we used to drive around in cars with exhausts.
A bit like now it seems odd that we used to have petrol pumps labelled 'leaded'. Get your lead here etc.....

Thanks nutkins.

https://www.canaccordgenuity.com/wealth-management-uk/about-us/our-people/london/giles-hargreave/

So conclusion is - Marlborough UK MIcro Cap Growth Fund = Cannacord i.e. part of their holding....

It is all well and good saying customers can buy their cars in BTC - but if they can't make cars because the competition bought the nickel mines....... GLA

Yep you definitely wouldn't want to rush a botch deal on Vermelho, given that it has the 38 year mine life, if in 20 years time 2.6Mt/yr of nickel will be required for EVs (which unless I'm mistaken is more than total global demand across all sectors for nickel at the moment!) Hopefully the BOD are taking maximum time to extract maximum value from the negotiations....a doubling of global demand for Nickel in 20 years time would seem to be a good cause to negotiate hard.

He's buying bitcoin instead of nickel (bangs head against wall......)

Horizonte would be interested surely? They'd want their 'significant shareholders' register to be as correct as possible I would have thought, particularly if it was a fund that was holding....

Thanks nutkins. Will be interesting to find out if even more funds are 'tightly held'. I always assumed (obviously incorrectly) that all the shares not with Glencore/Cannacord/Teck etc were sitting with PIs. If that isn't the case then there is even less float for when the fireworks start.

If something happens to Vermelho in 2021 my sp target for the year is 30p+. If it is just A1 my sp target remains 15-20p+. Either way something is going to happen here this year and thanks for the link bluebudgie on the financing deal arranged by very much the partners we already have on board! Exciting times and without a doubt a sound place to put the new money next week. GLA

Hi nutkins it can't be 100m Horizonte shares they hold? They'd be holding more than Glencore and would need to be on the significant shareholders list?

Just on Vermelho and back to pickedpeck will we get bought - if finance lands first on Araguaia with no partner on Vermelho at same time that maximises the chance of a bid this year. It narrows the window (which Horizonte have published) between finance complete h1 and dfs complete h2. I think if no vermelho deal at-or-before araguaia finance landing then we await the bid. All imho. Gla

>>What would a Vermelho partner announcement do to the share price?
pickedpeck double it (at least) I expect. Why? If a partner for Vermelho is announced there is no uncertainty (over financing Vermelho). If one of the majors jumps on board it gets built, simple as. So that has to be immediately value add tot he sp and given the size of the mine (in relative terms) it has to add £100-150m to the mcap immediately IMO.

That's why I've always said - people shouldn't sell up here until we've at least had news on Vermelho. It should/could double the sp. GLA

It would be nice to see a bigger dfs for bigger mine but surely that's why we need the partner. If horizonte spend time and money producing a dfs for a horizonte sized mine it seems pointless if the partner wants to build bigger. Hence would be nice to see the partner first then talk about the bigger mine. In the best case scenario Vermelho could be a size where say 40% retained by Horizonte still produces close to the original pfs for horizonte shareholders. 40% of 46kt/pa is around 20kt/yr attributable to horizonte. That would be an amazing outcome imo. Either which way really hoping we hear news on Vermelho in 2021. Gla

SJ I agree and it is why i prefer to stay grounded. 15p this year at £300m mcap with 2bn shares would do me - I know many here think that is pessimistic. Not to sell, but just as a point in time on the journey. I am hopeful, but not overconfident, that my initial investment case here in 2018 of 20p+ will be surpassed in time. Only thing to note is when I invested in 2018 I didnt think it would be 2023 for production. So production comes later, but hopefully the initial investment case (20p) comes earlier in the lifecycle. It's a patience game now I guess. gla

swest there is only downside if it doesnt get financed SR pretty much told me that straight. So that's the bet really my money is it gets financed - BOD and assets aside look at Orion and the nickel price. But as you said we all individually press the buy button! If it grts financed it has to be worth more than 10p - a lot more. Gla