Member Info for wasarunner

ISA's were all the way for me. Find enough family members (related closely enough to be reliable) who are poor enough not to be able to afford £20k savings a year and for a modest fee borrow their allowance.

Haven't tested the theory yet that I can get my money back yet. It's a bit like insurance - you don't know if it will pay out till you try it.

no, and the worry is any govt can change the numbers anytime. It's why I stopped contributing to the SIPP.

When I looked into it it wasn't good. I stopped putting into the SIPP and focussed on the ISA(s). Nowhere near the limit yet on the SIPP but hoping to get there. The main thing with the SIPP though is the first £1m or so is treated favourably on withdrawal its the rest that gets taxed heavily I believe. At withdrawal or whatever they define as the cyrstallisation events.

dv I'm hoping for the same on HZM (sorry for the O/T) but I cheated there and invested 2/3 million to get to that million so it probably doesn't count! Good luck on your investments in any case, GGP and EUA.

Thanks MFU yes my hunch is it could take a while - it doesn't matter too much I'm happy with a long process and big payout as probably are the BOD! And Gecko very hopeful you are right on what the BOD are pitching for.

I have a win win scenario really so can't complain - long process probably means chunky payout. The only reason I would have for the cash is I have other investment opportunity elsewhere which is ticking so hoping against hope of the double slam so to speak. But if all we get is a sale say next year but for megabucks I ain't complaining.

GLA. Some things are definitely worth waiting for this is hopefully one of them.

Ethio slight O/T here but good things are coming on EUA - the question is will they come quickly enough for Horizonte to still be investable at current levels? My guess is probably not quickly enough, but it doesn't matter too much as I see win win - if Horizonte moves. If Horizonte is still at these levels I'll do my level best guys to re-rate it myself, at least up to my winning 4.9p guess in any case. Volume seems light so I can see a decent tranche of buying getting us back to at least 4p in no time. If it happens soon enough I would have 6 figures to have a go here again and probably wouldn't hesitate. GLA.

Considering many bought at 0.4p if the BOD deliver 8p they haven't done a bad job!
I am hoping for min 15p but I will toast the BOD all day long at 30-50p.
I bought at 3.4p.

I didn't really doubt we would get bids and a process when I first invested back last year but I haven't seen this process before played out so was always unsure about timing.

Can anybody confirm if it is typical now from this stage at the formal end - is there a typical timeframe? I am not impatient but are we talking a few months, perhaps back end of this year, or is this likely to be well advanced and therefore if a deal is to happen could happen quickly?

I'm not speculating too much on outcome other than it should well be north of the closing sp at suspension at the moment for my personal circumstances the amount is less important than timeframe. Thanks for any replies.

and a reminder about the comp - closing price guess on September 15th. AnimalSpirit is looking in pole position at present but hopefully we are at least 0.2p above that number in September so I can win it.

??? Dogberry101
??? AIMtodeath

4.7 AnimalSpirit
4.8 600Thieves
4.9 wasarunner
5.5 chrismar
5.8 UncleJohn
5.9 owlo
6.0 ngnInv
6.1 Harkin100
6.4 Gower7465
6.9 pickedpeck
7.1 D220
7.5 Shellbay
8 Thechukkers
8.2 craigieboy1
9.5 Nthoftheriver
10 Harry_Ore
10.7 Caledonite
11 Flavourshaker
11.5 Finleyboy01
12.8 ihowells
12.9 Scotsknight
13.3 Qualia
14.26 fulmar29
15 djryan777
16 westie50
16.5 Worzel7
17.5 silkworm
21 SeanT1967
23.1 DickDabout
25 FiremanSam1968
32 Ivornomoney
40 Luke2

placings wise I still think 7-10p for the finance equity the question then is how much is placed. 7p is really a lower bound for me, I think they will get higher, but perhaps not quite 10p. The interesting area for me is how much is equity and how much royalty/offtake. 50/50 split would be good - if 65% can be financed with debt, of the remaining.

That all assumes nothing happens with Vermelho which is still the 'wildcard' and could be played to help financing. I am assuming project level financing unless Vermelho is offered or a deal is done.

Ethio - fwiw I think we are in a slight holding pattern - 'traders' took positions in the last run to 4p (and possibly exited hoping to buy lower) and the long term PIs (count myself in that bucket) are in and waiting patiently. Traders hoping to trade the finance news are probably elsewhere and thinking they have time till news. They might be right, I don't necessarily see too much news in July and August but I expect September+October to get more interesting. The Orion news last year landed end of August. If you were trying to get a SP moving September is not a bad time to start the old Christmas run. Trump will be pumping the markets for reelection so it might all work quite well. Also nickel price is expected to improve and that might drive sentiment. GLA. FWIW I hope traders get caught offside here and we get news unexpectedly but I would say that :0)

So am I but only if you don't sell them at 4p and drag the price back down! Hold for 40p or whatever the future holds here....

>>Some news would be welcome from the co.
Qualify that with 'good' news, of course.

hooray! My 3.5p purchase is in profit. Sadly my 9.5p purchase isn't! Onwards and upwards. Some news would be welcome from the co.

The £2.50 a share includes Vermelho. Araguaia only is £1.25!

Hell lets do 'buy one get one free' they can have the lot for £1.25. It is sale season.

I like to think of it as Orion buying 1/4 of 2.25% of our lifetime production for $25m. 1 of 2 lines of 1 of 2 mines.

To buy 100% of our production they would have had to pay 177x as much as they paid. That would be not much change from $4.5bn or £3.5bn in real money. I've reflected on whether I would sell for that price and, after much deliberation, I decided I would :) I think it around 70x todays SP or around £2.50 a share. 'it would do'.

Teck and Glencore remaining in is very good news and it will be interesting to see what positions they take in the financing round.

Orion will no doubt be on the shareholders register as well IMO after Q3. All to play for. What we need are long term strategic IIs for long term partnership, possible takeout, and sticky hands. Get that free float down so when the news lands - BOOM.

Indeed and I didn't mean it to come across negative (it looks negative on rereading my posts).

I've benefited enormously assuming we get finance and it moves on. I've doubled my shareholding since Griffiths and JPM have been selling, and I picked up around a third of my total shares in the 1.7-1.8p region due to City Financial's misfortunes.

One investors misfortunes is another investors fortune. Generally I approve of the transfer of wealth from IIs to PIs as the game is to some extent rigged in the opposite direction. Long may it continue and GLA :)

City financial, JPM and Richard Griffiths couldn't even hang around till financing so what hopes have the (impatient) PIs got of waiting for the real jam if the II's can't stick around.

25p is nice but 4p a year for say 15 years compounded and reinvested is nicer. I'm holding :-) But agreed many will depart, probably a lot will move on after financing is my guess.