Member Info for wasarunner

??? 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

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
25 FiremanSam1968
32 Ivornomoney
40 Luke2

SeanT I meant 'filled' in the contexts of 'gaps' of course :) I very much hope your guess comes to pass...

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
25 FiremanSam1968
32 Ivornomoney
40 Luke2

Wellcome Gower7465 and Shellbay!
Not many gaps left. The first I see on the upside is between 17.5p and 25p. I hope it gets filled!

A prepaid royalty or offtake of 3x Orions original slice (so $75m) is enough to get us funded I think. I dont know what that would cost (in terms of what gets given away of future production) but it leaves around $275m debt and $100m equity to get. Those are very achievable numbers and around the proportions I remember JM stating on investor calls a year or more ago when discussing the proportions - perhaps offtakes forming the same part as equity. If the royalty was announced before the equity I think it should move the sp into a very different position because then there is a lot more cash on the balance sheet. $75m is chump change to Orion I think - particularly if by staking it they get equity at mutually agreeable terms. Just one permutation of potentiallly many which I think could work. $100m equity if raised at reasonable premium would be very managable for existing holders - perhaps maximum another billion shares hopefully less. A good result for me was always 2.5bn shares in issue to include options - I would take that outcome anyday if we are financed to production. Gla.

600Thieves I would concur that we should get the finance package in one RNS except for the one fact that JM has stated before that he wants the SP /mcap well up before that happens. That's the thing that complicates it a bit because then you need some news (and not the main finance package) to make that happen. It could be Vermelho but it could easily I think be an Orion++ offtake - say, same thing but 3x bigger. Something needs to tell the market this is happening because at the moment we are priced for finance not happening and the company have to trigger it I think - I can't see nickel price rising or macro news in and of itself being enough.

I suppose it really depends what the 'delay' if we can call it that is about - is it time to negotiate on Vermelho, or is it time for macro to improve/nickel to improve or is it time to pen to paper on any offtake/royalty. It sounds like the debt is done.

I've not been in this situation before but I just don't see the SP gravitating up to 7p by itself without at least some hints / news from the company.

In terms of the sp guesses then that becomes a guess on timescales - will the daddy RNS land by 15th September. Probably not gauging by Horizonte's history so I wuold say a good number on the list are guessing at a rise in anticipation or partial news. We then have a bunch guessing finance has landed and probably a couple guessing company has been sold!

All good fun in any case. Nobody knows for sure but many permutations to come!

4.8 600Thieves
4.9 wasarunner
5.5 chrismar
5.8 UncleJohn
5.9 owlo
6.0 ngnInv
6.1 Harkin100
6.9 pickedpeck
7.1 D220
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
25 FiremanSam1968
32 Ivornomoney
40 Luke2

>>Personally I’m voting for Luke to win??
If he wins I hope he can hold his ale...

4.8 600Thieves
4.9 wasarunner
5.5 chrismar
5.8 UncleJohn
6.0 ngnInv
6.1 Harkin100
6.9 pickedpeck
7.1 D220
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
25 FiremanSam1968
32 Ivornomoney
40 Luke2

damn I only win if sp 4.85p-5.2p now

4.9 wasarunner
5.5 chrismar
5.8 UncleJohn
6.0 ngnInv
6.1 Harkin100
6.9 pickedpeck
7.1 D220
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
25 FiremanSam1968
32 Ivornomoney
40 Luke2

final rule:
- if we are delisted for financial irregularities or any other reason other than T/O the compo is void and dj buys everyone a pint to commiserate all our losses

are there any other stock market rules we may need to consider that I'm not aware of?

just to add a couple of compo rules (we wouldn't want to do a JPM and have some grey areas):
- if we are suspended from trading at 4.30pm 15th September then the price taken should be price at suspension (I guess this can be ascertained reliably)?
- if the company is sold before that day then the agreed sale price per share

4.9 wasarunner
5.5 chrismar
5.8 UncleJohn
6.0 ngnInv
6.1 Harkin100
6.9 pickedpeck
7.1 D220
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
14.26 fulmar29
15 djryan777
16 westie50
16.5 Worzel7
25 FiremanSam1968
32 Ivornomoney
40 Luke2

silkworm would you like to have a punt on the price on 15th Sept?

blimey the compo has brought out the silent investors on the board :) Welcome all may we all be mutually handsomely rewarded here!

so far the median is 10 the mean is 12.9. Very happy with either outcome if we see it by September!

4.9 wasarunner
5.5 chrismar
5.8 UncleJohn
6.0 ngnInv
6.1 Harkin100
6.9 pickedpeck
7.1 D220
8 Thechukkers
8.2 craigieboy1
9.5 Nthoftheriver
10 Harry_Ore
10.7 Caledonite
11 Flavourshaker
12.8 ihowells
14.26 fulmar29
15 djryan777
16 westie50
16.5 Worzel7
25 FiremanSam1968
32 Ivornomoney
40 Luke2

Still can't believe I have the most bear position! I win the compo if the SP is anything from 0.1p-5.2p range at the moment. There is a significant chance if Horizonte's previous SP performance to go on that I'll be buying myself drinks at dj's pub!

4.9 wasarunner
5.5 chrismar
5.8 UncleJohn
6.0 ngnInv
6.1 Harkin100
6.9 pickedpeck
7.1 D220
8 Thechukkers
8.2 craigieboy1
9.5 Nthoftheriver
10.7 Caledonite
11 Flavourshaker
12.8 ihowells
14.26 fulmar29
15 djryan777
16 westie50
16.5 Worzel7
25 FiremanSam1968
32 Ivornomoney
40 Luke2

>>by septemeber surely this coronavirus bullcrap is over and markets will be improved somewhat
I hope so. I would happily take a lower sp here for an improvement in the general health situation and restoration of more of 'business as usual' to the wider life/community (rising markets would just be icing on that cake)

4.9 wasarunner
5.5 chrismar
5.8 UncleJohn
6.0 ngnInv
6.1 Harkin100
6.9 pickedpeck
7.1 D220
8.2 craigieboy1
9.5 Nthoftheriver
10.7 Caledonite
11 Flavourshaker
12.8 ihowells
14.26 fulmar29
15 djryan777
16 westie50
16.5 Worzel7
25 FiremanSam1968
32 Ivornomoney
40 Luke2

>>With my lowly number of shares here, I won't be in your club but I wish you all every success
I dunno - any positive number of shares multiplied by a shareprice could be worth a million one day. FCF on Vermelho could be £5/share which if it became the SP (ok I know it doesn't work that way) would equate to 200,000 shares which purchased at say 2p would be a £4k investment!

We haven't got many bears here really? I think all estimates point to at least some news on financing being revealed by 15th Sept. I guess particularly adverse market conditions at the time could stall things further but lets hope not.

Hopefully plenty of millionaires to come here when HZM deliver multiples on both Araguaia and Vermelho. I think craigieboy another criteria for 'the club' should be at least a bag on purchase price, otherwise (probably like you and I) it is cheating to nearly buy your way into the club. For me a bag price target is 6.4p but as 82% of respondents think the price will be above this number come 15th September I feel confident I can make it to the club this year!

GLA.