Member Info for wasarunner

Well I don't know everyoby else's positions so I can't tell. My average is around 3.25 (it fluctuates as I trade my trading pot) so yes I'm underwater by a good few.

But I believe a sale value of assets is very much above this so sleep pretty easy at night. I've been less underwater on other stocks and worried a lot more about it!

I'd rather be underwater here than on certain FTSE100 shares at the moment is how I'll answer that. There are some of those that won't be trading in years to come. I believe Horizonte (or the company that buys the assets from us) will be so very comfortable here.....

There's whole sectors up a creek without a paddle and I don't believe Nickel is one of them!

I can't see a problem selling the kit. As others have posted I think every one made will get sold. Govt (and other govt) throwing serious money at any solution to any problems associated with Covid - wonder how much the total cost of all PPE is so far!?

All it needs is approval and we're off at the races. I'm not deeply researched here but I believe it is coming hence my modest position taking.

interesting the posters posting 'I am new to this game can you please tell me the difference between x y z tests' and 'what is an MM'. Shark infested waters methinks. Seen it before many times. Tone changes suddenly when there is fear. It isn't even very subtle.

Main thing we need to know here is we are in the govt backed consortium, antibody tests will be neeeded as a critical piece of the jigsaw (not so much for how this ends, but for the future). Test test test. Antibody tests I believe will also need to be repeated - not only to re-evaluate those previously testing negative, but to check how long the antibodies last in the population.

Sadly this is an industry that is in the ascendancy and will be here for some time. Pleeased not to be invested in airlines right now. Seismic changes to the business landscape coming and it is better to be invested in things that are needed short/medium possibly long term than sectors which are going to get massacred (IMO).

true but if you'd have plotted the chart a few days ago it would have shown sideways between 30p and 35p. Which means it isn't very good at predicting the next 20p move! IMHO. FWIW I@m in at high 30s and added low 50s and very pleased with the consolidation at this level vs funds selling - tells me all I need to know about next direction from here.

And here I'm thinking things like - if current car manufacturers have shutdown plants or eased back production due to lack of immintent demand. Are they thinking strategy? Are they accelerating changes they were already going to make? Absolutely huge disruption coming for example to the aviation industry and I think we will see other disruptions caused by this world event. Question is will Nickel be a beneficiary. My hunch is yes.

Still think a potential gamechanger to come out of the virus could be move to green. I don't know if this will directly or immediately benefit Horizonte but it has to be good for nickel in the future. Sometimes it takes a big world event to force a technology or paradigm shift. If this crisis, and its impact on oil, and the resulting drop in ICE transportation at the moment isn't possibly one of these, than I don't know what is.

Lets wait and see. We won't know immediately and it might not be obvious but there has to be a good chance that in the 'new world' electric vehicles will dominate sooner, than later.

westie, I'll match your 8p and I'll raise your 8p. 16p ~250m GBP can't say fairer than that still half the price of Onca Puma and three times the resource. Special Covid prices. But only if deal done while I can still buy other bargains at knock down prices.

"The Board believes that the appointment of the new Nomad will take place before the WH Ireland notice period expires."

I'm not too stressed about this but FWIW:
- read this as expires at COB today (30th April)
- if the Nomad is 'in place' today, maybe it can be announced tomorrow, or even Monday? A smooth handover would imply they begin their work tomorrow - i.e. there is no gaps between Nomads. Is it necessary to announce that today, or could it be pre-market tomorrow.

Interesting stuff but not too phased at the moment. Mid May I'll be a bit more worried about it if we've heard nothing.

Didn't the Eurasia Song Contest get cancelled?

darn that was the Eurovision Song Contest. Now I've invested in the wrong co. Good luck tomorrow all holders!

sorry my feed playing up tried to be original but it had already been done. My apologies!

nm :-)

So the lse crew are almost unanimous (so far!) in believing this will get finance this year. My view is based on the fact that at current nickel price we would be more than profitable (in fact I think we could afford to build phase 2 with current nickel price) and banks and majors will be watching the future nickel price forecast. If we are at $12k/t in the eye of the pandemic - sure - it might go a bit lower but the future price looks pretty good. I think 75% of nickel production globally C1 is at breakeven or making a loss at $12k/t. This suggests a correction is inevitable, or, no new projects come online, all of which forces a supply squeeze in time.

I am hoping to put more money this way if other things work out (sell investments), and I also have some fresh funds to consider. For me financing happens at 7p+ so from todays price we are looking at a 200% uplift. Something like an mcap on finance of £200m, with profits before tax of around ~£60m a year at current nickel price so a conservative valuation at mine build but of course with expected nickel price rise to come. If so I am hoping for maximum 2.5bn shares including options so I'm working on 7.5p * 2.5bn shares = ~£200m mcap.

If it is more probable than not this year, then of course we expect to see the sp from 2.5p in anticipation at some point. We have now 8 months of this year left. I think we should see 3.5p-4p in anticipation of the news at some point. Maybe a few words at some point from the board will get things moving in that direction.

nm

Please recommend this post if you believe finance Araguaia less probable this year (i.e. < 50% chance). Thank you.

Please recommend this post if you believe finance Araguaia complete more probable than not this calendar year. Genuinely interested in how many people believe this is more likely.

nickel price - very possible - fingers crossed.

These are the reasons I went in big, I wouldnt have done it on any other co on AIM:

Nickel a cert
Araguaia+vermelho and able to target the two different target markets
3.5m t resource
Bottom quartile
Solid board logstanding ceo prudent with cash
Majors 50% of shares (when I started buying)
Brazil
Then finally Orion

I just kept building on every news and bizarrely sp hasnt risen much. But it will. Nailed on here imho.

In it to win it mate. Had 1% before orion and since then I kitchen sinked it!

Plus a fraction over 20m shares here I am a tad overweight :-)