Member Info for wasarunner

hahahahaha

they'll take 2m shares right now in one transaction. That's about £75k. As I said - not buying it. The buyer is here, right now.

lets hope they aren't holding the JPM stock then or we'll be here a while! you can't quite make it up with this share. Is there ever a time when an II or a broker isn't exiting? There's a limit to the combined strength of the lse board to soak up the sells. We're good, but we're not that good.

all games. I could sell 1.5m shares earlier. Now they'll take 750k in one go.
I think there is still a buyer and they are pausing to allow orderly exit of traders, to soak up some more sells.

If someone wants in big, and wants sub 4p, presumably their broker will work hard for them to move it up and down to get the volume and price they need. I'm just not buying the drop (metaphorically speaking!)

eventually the impatient will be out and the buyer will have get their buy, at this price or a higher price

Just playing with dummy sells and got quoted on 1.5m to sell. There is somebody out there who wants you shares still. The buyer is lurking, just maybe hiding a bit more today than yesterday. Clearly wants them under 4p!

I think my one biggest learning experience (which is actually very widely applicable to all trading/investing scenarios) is don't ignore material changes to circumstances which alter risk. Shareprice is just one factor. Higher or lower than last week/last year etc. But what are the material risks associated with the investment? As the sub-prime scenario was building that was looking worse and worse for the banks for example. So you can't just look at the SP and say - bargain at that price. As a trader / investor it is too easy to say the company still has good prospects, when in reality, they just got a whole lot worse.

The reason I've kept adding to my investment here over the years, against all the backdrop of higher/lower nickel prices, II sellers etc. is every step along the way the long term news got better, not worse. Nickel outlook may have moved back a year or two but that's a positive long term because it means less new mines came on stream! And we were already forecasting a deficit, so Covid has probably just deepened the trough slightly and will probably cause a higher mid decade spike! Vermelho PFS was a huge de-risk as it confirmed lowest quartile cost, battery grade etc. Orion finance fully derisked the financials in the medium term. We just haven't had any news here which makes this less of a compelling buy than when I first invested. Sure you need bags of patience but the news here has been all pointing towards one endpoint and that is a good endpoint. Caveat that with the need to stay abreast of where Nickel is heading, EV developments, wider equity market developments but the news is broadly supportive and broadly in Horizonte's favour. But agreed you need to keep your ears open and this board has been a great source of knowledge, both peripheral and central to the investment case here.

Scotsknight sorry to hear it. I think Sirius was indeed a big lesson to many, some invested here. I've had some lessons along the way (I trade with small pots and any loss is very modest, but I've had one big investment go wrong and that was painful). Losing I guess is part of the game and useful for learning from but of course it's different it you lose it all or a big tranche of your investment which can happen. And there's no such thing as a safe stock. People thought Lloyds was a good investment pre 2008 (it's always the example my brother uses when I tell him I'm onto the next winnder!) My strategy now is simple, and sounds similar to yours - this is my last big investment. For me and my circumstances if it goes right I won't have to pick another winner again! GLA

I bought ODX at 69.5p (around the high), sold at 34p (pretty much the low), back to 65p right now. Less said about my trading credentials the better.
Stick to investing and what better stock to invest in than right here! I just have relatively small positions in PERE and ACP (about 5% total portfolio) all the rest here now. Holding all three for years to come, lets see what happens. If I get any more new funds, possibly next year onwards will probably look to add a gold miner, small position, got a couple I'm following. Still think commodities and precious metals will all do well over next few years, for me, it's the sector to be in.
GLA.

If Mr 400k shares is back for more today it should go! Interesting times. Will be very interesting to keep an eye on volume - was yesterday a one off 'load' by somebody (II) or is this now a sustained position build going on in which case we should see further rises in the days ahead.

I think they will struggle to get shares I really do. Some will trade the 10-20% swing but many PIs in here are here for minimum financing (given it is so close). So anybody wanting to take a decent position here not already in is likely to be paying more in days/weeks to come.

The question I suppose is, is this another short run up (like the time when Cannacord bought recently) to 4p which gets sold off, or is this the real deal. It had something a bit more solid feel to it today. 4p is key I think. If we can convicningly cross it and stay above, 3p might be history. We find out soon enough I guess. It doesn't seem to be nickel price or sector driven so it could well be Horizonte's own credentials finally in play - and rightly so. Still way undervalued at ~60m mcap range. Nowhere near fair value yet so still plenty of upside for entry points at present. GLA

I was trying to figure how much Cannacord bought at the last TR1. I figured around 11m shares (for the 0.8% increase) of course they might not have done it in one move. We did see a big trade around the time, around £250k? They now have declared round number 150,000,000.

If this is Cannacord again will be interesting to see how much they add and how quickly. Got to be a chunky amount today.

>>What else do you know?? :)
SeanT I know they're still a bargain at 4p!

Early days yet still for a bunch of mutual blackslapping but these were always a huge bargain and always way undervalued (vs fundamentals). Everyone who scraped/borrowed/begged (I did all three) to find funds to buy in here will not be disppointed I think. For me still an absolute bargain all the way to £100m mcap which still has to be a goal possible prior to financing - absolutely no reason that shouldn't be attainable.

oh no mate bad news! We got them moved under 2p now we're at 4p and you haven't got it done! HL must have furloughed the daystaff...joking aside there's only so much of the tax year left!

Ethio - depends what thresholds if any got crossed. We didn't see much from JPM until they crossed down under 3%. We saw one from Cannacord on the way up.

So I think the TR1 will very much depend on which II bought (if indeed this is an II) and in what quantity from what level. They don't all have to declare every 1% threshold crossed was what we surmised (JPM was probably selling for quite a while before we saw the TR1).

I would not be one bit surprised to see a TR1 this week with the buying we saw today.

now 1250,000 in one transaction offered. Interesting! Certainly a buyer at work.
Not selling any....

scratch that. Will take 1000,000 shares in a pop now

that's how many they will take at just below bid

4p is a key level (it may not be a technical but during my time following this share it has been important). The share has traded rangebound 4-5p when I first invested, later 3-4p became a range.

Getting to the next range up, for now, would do. Any news beyond that and 5p is probably toast. GLA

ditto.

We've been undervalued against peers for ages. Time we reached fair value. If it takes an institution or two to get us there, I'm not complaining.( As long as they are buying above my average, as they seem to be now.) GLA

even for 'discretionary clients'. Make them pay. Double digits for starters....

'feels' like an ii to me. Going about it differently to Cannacord who added in one whopping transaction? Or maybe a fill for an II placing a big order?