Member Info for wasarunner

maybe underestimated impact of the coronavirus (on copper prices and any other aspects of the financing?) I haven't been following this long so I don't know the full history.

To be fair the coronavirus is a pretty one off black swan event (doesn't necessarily excuse the prior interview of course). But as a business plan. I have a normally very successful business. It aint so successful right at this moment in time. And I would say it isn't entirely my fault!

Some buys going through. So not all think a lost cause at current price. I'm holding off for time being but have funds. Is it good money after bad?

only because bargains everywhere at the moment though. If there is a general market recovery price for HZM sale goes up accordingly!

I would happily take a sell in the next 6 months. Don't want bargain basement prices though. Minimum double digits and preferably starting with a '2' or higher digit. They can have my 1.5% for those numbers.

Well, I thought 9p was good value for 33% of minto. It strikes me that in the 3p+ area we are at 1/3 of that price and now minus liabilities. But I have to say I don't fully understand the reasons for the restructuring so am not jumping in headfirst at current prices. It is a shame - I had a buy order I cancelled just before 8am this morning once I saw the RNS.

@5p, given the RNS?! It should be one or other, or is it fair value now?

best performing share in my portfolio on the day!

Unless I'm mistaken mine is the only trade in the last 2 trading days. That's very low liquidity then!

Gati wants it to be a £250m mcap co
Today it is a £3.5m mcap co

I'm prepared to take the chance of 70 bags so I added a further v small tranche today. Maybe more in the months ahead as and when finances allow will continue to add (sadly they are tightening at the same rate the stock market is dropping)

DJ - we got our grant through this morning. Pretty efficient from the old local authority. I guess it might depend when you apply(ied) and how many they have to process. Nice that they got it through while market conditions favour buyers.... GL

not me! I've been buying this morning (not Horizonte). The more one scratches down one's sofa the more cash can be located... if the market prices are right.

Is the spread widening again? It might be a big buyer, like the other day, trying to hoover another tranche? Has DJ's business interruption loan landed or something?

Thanks guys, very interesting perspectives. Agreed it is hard to call short term. I notice Bank of America are predicting the worst US (and one assumes by extension global) recession yet as a distinct possibility.

The nationalism concerns are very real - of course the world was already somewhat on that trajectory. One assumes countries like Brazil would generally like inward investment in any case (vs the bigger economic power like China / US etc which might try to isolate) but I suppose in a world where natural resources become vital and currency is relatively FIAT who knows. For example Brazil and Russia are very mineral rich. China and US want those resources.

So interesting times. Wonder when we'll hear something more from the co. I think everyone accepts that at the moment they are buffetted by much bigger forces, but still will be interesting to hear JMs take on what is happening around the world, nickel markets, and the company itself.

Interested in opinions of what people think the SP will be in July 2021 - that's a year or so after financing was set to be complete. I ask because realistically I will need to sell the tranche of shares I bought at 2.45p around that date.

Anyone see lower than breakeven? Do people think finance will be done or dusted, come hell or high water? Appreciate this is a bit random question at this time but genuinely interested in responses - I think some people will be taking trading positions in companies like Horizonte now with not necessarily the super long view so might have a view on the above - an expectation of a return from current levels in short to medium timescales.

I think wider market fall is overdone - easy to understand why there is maximum fear at the point where deaths (sadly) are on the steep upwards trajectory in western developed countries but this creates disconnect between valuations and actual economic impact. I don't necessarily think the wider market is at the absolute low, but Horizonte probably is - it is hard to see it go lower than cash. Just wait patiently to ride the storm, its not like there are too many employees to feed, unlike all those grounded airlines.

indeed - apologies I wasn't implying it was a buy by me. Just commenting on the price. I used to by 250k-350k shares for £10k+ a go so getting 500k shares at under £10k is indeed good work and will be well rewarded in time.

01-Apr-20 13:48:13 1.69167 500,000 Buy* 1.60 1.70 8,458

Not long ago you could definitely NOT pick up half a million shares under £10k! A bargain (at twice the price)

hindsight trading et al

dvharrison - the reason for some of us sadly already filled them at 5p-4p-3p+! But agreed if you had the cash now, what a time to invest. Dry powder for just such a time but alas for many it is just too tempting earlier - I wish I hadn't bought £100k in the 3-3.3p range when of course you could have it at the 1.6-1.7p range!!!