Member Info for wasarunner

ElectricLion if it is any consolation for me it wasn't a derisk (I haven't really reduced my risk on Horizonte as I think I sold 1.4% of my previous holding) just a case of 'wanting in' elsewhere and having no cash at the moment. Kind of an advance on cash I expect to get through a house sale which might now have to be reinvested back into Horizonte at potentially higher prices, which is something I accepted when making the transfer. DJ's situation is different but I didn't need to derisk here personally or because I fear for Horizonte.

The market is the market though and fundamentals aside I agree with owlo, when the wider market is uncertain, and the company isn't publishing news, it will drift with wider sentiment. We believe we will have news in Q4 and that of course would be a gamechanger potentially, but if the news in Q4 is that there won't be material news in Q4 (a de facto delay) that probably wouldn't be well received with the market. At that point I'll be hoping my house sale goes through! GLA

very true, but I hope jd's 55p goal q2 next year comes true. I guess it's a forecast so not the same thing as stating fact but here's hoping anyway.

Markets the market, it plays with people it plays with nerves but Horizonte will bounce and bounce strong. As I write nickel is above $16k/t and our "measured and indicated" resource in our compliant feasibility studies show what this is worth in the future - given what profit margins runs at current and higher nickel price levels. GLA

the two chief rampers selling? whatever next.

FWIW I have 23363390 left minus a few I haven't accounted for through 2 bed&isa moves, so a few 10ks less shares than that in total. Yesterday I sold 329898 to be precise about it and have no intention of selling any further. I believe in the co short, medium, and long, and my stated aim was always production. If we see some of the estimates people have put forward post financing 20-30p, then I may be tempted to part with a few earlier but certainly not until then.

People have reaosns for buying and selling and true, for PIs, this can be event driven. DJ has his pub and livelihood and general risk awareness to think about and it's really normal - the whole market is sentiment driven and so much negative publicity about Covid it is hard not to get a bit depressed about it.

Ironic that the weak shareprice on Horizonte over the (recent) years has been down to II sellers of course. Normally they're a bit less fickle and work to longer timeframes but we've been a bit unlucky here.

I'm very lucky and very comfortable that I don't need my Horizonte investment in the forthcoming, and indeed if our house & business sale goes through and Horizonte is still investable (hope not, hope we're over 20p) I may add more. Nickel fundamentals are unchanged. FWIW I expected volatility around US elections anyway, and also, Covid may be a factor at the moment in general market drops. Doesn't change where the world is going with nickel. Keep the faith! GLA

sp must be going down because nickel went up like $500 yesterday adding adding a couple of $bn to our contained resource and we're one trading day closer to finance complete. barmy really but that's the market for you!

Not today and not for a good long while yet (hopefully) 30p+.

Why is someone selling?
Just to add pence to the copper debate - of course copper is needed in all sorts of stuff to support electric infrastructure. Turbines, chargers, cabling, the works. It is a very valid investment in its own right (and damn right I'm invested in some) but I do like the story unfolding that nickel is the most critical / short of supply element in the EV story. Always good when we've got 3.5m tonnes of the stuff.

thanks, appreciate the views. The thing I really like about Horizonte is it is a bloody good investment in a normal market (which is why I bought, first in 2018). Add a proper looming nickel deficit as is increasingly the consensus (which hopefully as you say gains proper traction sooner than later) and it will be like lighting the touch paper here. I'm pleased the shares found good hands but rest assured I won't be parting with any more now for a good while :)

Anyway I like russia it has delivered me a good yield this year so far :) Now it's Brazil's turn, come on Brazil....

haha well I did say I was diversifying! Fully intend to buy back here (with fresh funds - expected Q1 next year) -> unless your Q1/Q2 predictions play out then I might not be buying I might be selling haha!

No but seriously I'm way over 95% here, a little diversification even into something perhaps more risky is still a diversification :)

jd I'm interested you've previously said you expect 20-30p next year and possible exit at 55p in q2 2021. I understand the first rerating event (finance complete) - would you expect that to move us to the 20-30p range or to your exit price? And if the former, what catalyst would you see that gets us from 20->55p in the same year? I appreciate there may be different stages of rerating or are you expecting some event for example with Vermelho to push us further up (or perhaps a sale at 55p)? Thanks v. interested in your views.

thanks jd. Likewise confident and in no way is my small sale meant to imply otherwise and would also be adding if I had funds! Exciting times.

Ivor indeed - next year circumstances will be different and hopefully have new pots but for now don't have much funds to diversify away from my main holding (which you know) but this is a start here today. Lets see how it goes!

Yes and I would (and will) add on house sale. I'd add at 15p, maybe 20p I wouldn't. Absolutely believe this is the beginning price, we should have been £100mcap over a year ago when Orion first invested. I literally took £22k, off the table for a starter position elsewhere. Yes the 23m shares will either work out well (I believe they will) or won't but either way, it is a decent stake here...

Took an opening position here today and will continue to research. I like the model and I think in post Covid this will do well. Covid forces change (here high street->online) but change can be transformative. Will research further and may add more on updates from the co.

yeah still didn't enjoy selling! You'd think taking a profit might feel good but probably only if its cash. Also, we have so much more to go here.
I'm going to buy my sisters shares off her one day (or the ISA if Horizonte sells out) so I figure I'll get 880k shares more for my 380k odd I sold today.

Ivor I won't cross ramp here but I'll post probably later this week if you check my history back, on the other board. It's an AIM co. It's an opening position anyway and it's away from mining. But one of our Horizonte BOD is associated with the co hence the original research and now the plunge.

DJ too much exposure here - definitely! It felt quite warm around end March time :) GLA

and yes got 6.73p my esteemed fellow board members can gloat at me getting 'mugged' :)

took a small tranche off the table just then (380k or so shares) below bid as I have been researching another opp and needed the funds. No intention to sell any more, still over 23m shares inc family.

Intend to buy these back in the ISA in April (and yes I realise I might be paying 15-20p+ and that will be a nice problem to have :)

It feels bad to sell Horizonte shares even at a profit. There's something strange about it when one has been accumulating for 2-3 years and believes the big payday is still 2-3 years away. Anyway - it will be my only sale but I have no other funds for my newly researched prospect and it is exciting and possibly imminent. GLA

>>iv forgotten what we are waiting for
I'm waiting for a decent tranche of the $50bn gross value nickel in the ground to make it to my bank account. Yes it's taking a while but worth the wait :) GLA

We want a good deal, the best deal they can get. That's worth waiting for even if it is 1, 2, or 3 quarters later than expected originally. In the scheme of the LOM and construction timescales, a few months either side is not too significant.

But people were expecting it mid 2020. Markets don't like 'delays'. And some here have been invested 1,2,8 years waiting for this date so some anticipation / anxiety over 'getting it over the line' is very understandable. Particularly with the significance of the financing deal if, as some suggest, it de-risks not only the build but a cheap takeover.

I actually see the relative radio silence as positive overall - the company have not made a lot of fanfare about the financing this year or tried to 'drum up' the shareprice artificially. This suggests to me either financing discussions are going just fine without fanfare, or there's a problem. But with nickel fundamentals and the senior debt announcement I am very much thinking the former.

Either way I expect something to get announced in Q4 even if it is a 'we're getting there' type announcement if it is going to roll into next year. Markets don't like delays. GLA

Thanks pickedpeck really value the input. So financing is as much a derisk to our valuation on sale as it is to getting the mine built. Lets hope we get an update in Nov if not before :) thx again. Wasarunner

pickedpeck interested what would you be happy with (eventual sale price wise) if it happened sooner rather than later, say H1 next year? And was your holding in the ~8m shares area I can't remember?
I guess you're saying we need finance deal complete to re-rate us prior to the offer to see anything like an NPV based sale valuation. Maybe lets see I'm pretty easy either way (unless we get taken out cheap cheap) because less jam today I can do something with over the 3-5 years I expect to hold the shares minimum in the non sale scenario. I'll still be surprised by an absolute lowball offer tbh because I think some of these big cos have their reputations to maintain you get bad industry press coming in real low (probably to be outbid by other interested parties).