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!
>>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)
>>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!
RE: guess the price SP 4.30pm 15th September03 Jun 2020 15:12
I would probably have guessed higher if I'd got my months right, but given the occasional slip on timescales by Horizonte my error may well just correct itself with where we find ourselves on September 15th! So I'll stick with my original estimate and will be very pleased with anything substantially higher.
RE: guess the price SP 4.30pm 15th September03 Jun 2020 15:08
what's interesting is we all think it will be higher than today's price! I once read somewhere PIs are eternally optimistic. Is that why 100% of IG clients are long on nickel? Surely there is occasionally a bear case :)
on holdings sizes of course each to their own circumstances but I believe most are here for a 3x-10x target and for most people invested that will change something for their futures - could be a nice EV maybe more maybe less. I don't see much downside except possible delays and I think that is reflected in the estimates here by people on this board.
RE: guess the price SP 4.30pm 15th September03 Jun 2020 13:46
dj mate I hope I'm buying you 15 pints at your own pub. That's win win win for you - 15p is a nice return on your investment, you get 15 pints, and you get whatever you charge for a pintx15 in revenues....