Member Info for wasarunner

My sense is Ivornoney is subtly spreading fear so I'll try not to bite :-)

Nickel will revalue. Economies will recover. It is a nasty epidemic but it won't be around forever. There will be fallout (wouldn't want to be invested in a weak airline, for example, at the moment). Dollar will be worth less. Pound will be worth less. In due course Nickel (ferro or battery) will be worth more. As will other commodities. I'm trying to spread investment across a basket of industrial and precious metals as I see value there in due course. All IMHO.

Indeed, but it shouldn't be hard for nickel to gain against the $:

"President Trump has signed the largest-ever US financial stimulus package, worth $2tn (£1.7tn), as the country grapples with the coronavirus pandemic."

$2tn one assumes is significant and anything with physical value, like Nickel, should appreciate against the $ in due course.

IMO (sad to say as it is) the virus has presented the wily investor with another opportunity. This time it is market wide, and not just Horizonte, so fair enough all the money might not flood in here.

Personally I'm not going to be positioned to take much advantage now as we need to keep remaining funds free to see our own business through the economic ramifications and maybe other PIs will be in similar positions - either already fully invested here or elsewhere, or indeed looking for bargains.

What's clear is that there will be 'smart money' on the sidelines ready for the re-start. This could be money from the middle east, China, elswehere, which knows a bargain when it sees one - and the current markets are a bargain to be had. Whether these players invest indirectly through funds like Orion, or directly in the underlying companies themselves, the money will find a home and it will find a home in future projects which are much needed by the world and world economy. The smart money will be liking the current prices and at the point where the crisis starts to turn we could see large and rapid investment into fundamentally undervalued assets.

And of course the best one - investing in commodities hedges inflation risk and GBP risk. I see inflation coming. Assuming any of the money the govt actually promised is distributed by the banks - it seems they are less willing to lend than the govt would like them to be. Wonder why.

Agreed financing is likely to be delayed
Agreed that doesn't matter (unless people need cash right now)

Everyone is de-risking at the moment so short term this will manifest as a delay, but long term viable projects will not be affected - long term. If you need the cash (from Horizonte shares) today, bad luck. If you don't, I don't think anything has materially changed as long as the company has cash to get through to financing, which it indicated it does. Somebody needs cash and is selling as Craigieboy says could be a fund.

I am super happy with my investments:
- I'm not invested in banks (for once!)
- not invested in airlines (have been previously, not a good sector right now)
- invested in commodities miners which will all be needed when the infrastructure projects come online
- and of course crucial is - not to need cash from these investments in the next 12 months+.

So I see a delay here but no more risk than before, personally.
At least the govt aren't telling us to cancel our dividend!

Would like the mgt to be transparent about progress and timescales, however. Will be looking forward to updates in 45 days time.

Craigieboy thanks for the thoughts very welcome as ever.
>>I wish I had cash for more right now.
Ditto that! Cheaper now than during the City Financial debarcle and I thought I was getting a good bargain then in the 1.7-1.8p range.
Despite this being cheap as chips I'm adding elsewhere at the moment just to try to balance up my rather overweight Horizonte portfolio. I agree long term fundamentals are if anything better (stimulus and what better industry to invest in than EV).

Another thought I had was there will an 'environmental benefit' of CV which might feed through into projects. Essentially the world is realising the benefits of not having lots of kerosene and diesel burning right now. We are shown pictures of before and after pollution levels in cities and countries on maps. This can only help the long term story for nickel - when we restart governments might finally get behind the electrification movement if not already.

Been adding miners too but not horizonte and not such large trades. Dont have proper money to invest at the moment (would you know it virus affects cashflow!) but if I did wouldnt hesitate at current prices! Good luck themuir surely we are at or close to bottom now - must be valued at cash. Cheaper than my buys in City Financial sell off.

pickedpeck - honest answer is I don't know. We didn't have much detail on what was going on on the ground of Brazil (I was rather hoping we would hear some progress in Q1 on exactly that!) so I'm not sure what was planned, and what has taken place, and hence whether we are on plan.

I thought the recent RNS was more of a 'we're ok and have cash' type message really than specifically something you could read much progress into. It has to be said news has been relatively light between Vermelho PFS and now so it is hard to know where the pre-buildworks have got to.

pickedpeck I was reflecting on it over the last week and think it is on balance a good thing we didn't start building the mine before the virus became an epidemic. Although it would be nice to have been progressing - I just can't see how the kind of supply chain that needs to be in place and functioning (probably cross borders) to supply components to the mine build wouldn't have been impacted. In which case we are much better sitting with cash pre-build until it is sage to go, than to be mid build and burning cash on laid up personnel and materials.

Interesting about the reporting delay, and I guess it means we are unlikely to hear 2020 news prior to hearing 2019 end of year news.

By mid May it would be nice to hear about what is happening in 2020 though. End of 2019 was an in interesting time but it has been and gone. Would be interested to find out what has happened in the first 4.5 months of this year in that time, and if we are indeed on track for finance complete by mid year! Personally I'd rather hear an expected timeline that is now considered realistic than stick to a date which doesn't then materialise.

Wish he'd dumped before my buy - I might have picked them up slightly cheaper!

Good enough for Gati at 12.5p then good enough for me at less than half that price. Will keep building funds allowing as long as we are below 10p!

Due maybe this week? The current macro backdrop is of course, pretty dire!

thought these looked very good below 10p, now we're looking at 5p then doubly so. World printing metric loads of $,£ and euros can only be positive where the gold side production is concerned. Short term of course base metals have tanked which is understandable. Needs a longer view here but fundamentals still look sound?

heaven forbid, could be an II. As long as it is a sticky hands long term buyer who has seen the potential value and believes this will gets financed, this is good news indeed. £92k isn't exactly chump change (well for us mere mortals - it might be for djryan).

owlo admit it, did you top up again?

2020-03-20 18:25:15 1.98 4,662,872 92,324.87 O

Come on cheeky lowball bid. 25p. I would consider it presently :) Not less though.

yes I really like the price. I have a proper decent tranche to invest if my other share gets back to at least breakeven as I prefer PERE at current price. If I can make that switch I'll have something like £25-30k here (assuming I can buy a decent tranche, I'm not sure how buying a decent volume here will work out with relative lack of liquidity). Currently around £10k invested at a range of 9.5p down to 6.5p and I think that whole range will look v. cheap in months (and years) to come!

rude not to at this price. Huge spread but who cares if this gets back to true value in due course

we moved too quickly from stupidly undervalued to massively undervalued sp imo hence the pricemonitoring extension