Member Info for wasarunner

not just yet though I want to buy more (Horizonte that is!) Think it is coming there too. I think space for both in the portfolio - complement each other well and both central to the EV theme developing over the next few years!

I think I bought a fair chunk of Kabungas sales to be fair....

7m share holder. Nothing spectacular I am not in from low levels - I added from high 3s to high 4s so my average was built over the last 12 months or so. But yes own >1% here and >1% of Horizonte where I have a bigger total £ holding.

Key now here is everything is in the company's control. They can go at financing and offtakes as fast as they can and balance that with getting best deals. When we spoke to MB he mentioned for e.g. the debt piece - because the payback is so fast (as capex is so relatively low) it is relatively easy to get debt because you can afford a higher % interest should you need to get that. With more marginal projects you sweat the % interest you pay on debt and also people are less willing to lend as there is less guarantee of their money back.

The low capex means financing should be a near formality, dilution relatively minimal, and we should be building this mine within a timeframe that is crucially under the company control. 4 months of this year left and I think we are in for a lot of news in that timeframe.

Selling today is madness IMO. This is the beginning.

Different opportunities IMO. I originally divested some Horizonte to buy ACP as I believed different timelines were possible - Horizonte was a 2-4 year stock and ACP was a 1-2 year stock to generate serious returns. To some extent still believe that. I do believe Horizonte has longer term bigger upside but I do believe ACP has shorter term faster upside. So holding both is very viable and when one needs cash next year (as I do) you need something that will perform over 12 months.

Not to say Horizonte won't do well over 12 months. I expect to see both stocks >15p next year but on that basis ACP is still 'behind' Horizonte, though the gap is closing somewhat today!

you wait for patiently. Everyone has doubts it is natural and the ML is never 100% given. I'm up £100k on the day here. No intention to sell any. So much more jam to come in the months, and years, ahead. Not one of the 10-20%ers as I firmly believe the big money is made through LTBH of quality, quality stocks. And this is one of them.

that low :-) 30p I tell you - but it probably needs to be at production....

Good thread by BBN, highlighting the work ACP need to close the gap on e.g. Blackrock but also highlighting the fact our capex is SO much lower.

https://twitter.com/BigBiteNow/status/1433714856805421060

Yes I think NPV will be a bit higher in the revised presentation - the market is always bit slow to catch up and there is the Kabunga effect here (what are his intentions for the 23m shares, and if selling, how long till they can be soaked up). I'm just always on the realist side but looking for 10-15p fully financed (by end of rainy season early Q2 next year) but of course financing could land much sooner and offtake news even before that. I'm also expecting appointment of a mine director kind of person so plenty of newsflow to come. My targets - these may be on the pessimistic side - 10-15p fully financed 25-30p production a year later. So question is, why would you sell at 5p if 18months time you are looking at 30p. All IMHO

Watch the muppetry sell for 20%. We're just getting started. Next 6 months will be transformational - finance then start mine build. But people will sell at 5p instead of waiting for 15!

That was my guess a few months ago, I am surprised it has taken this long to recover to the placing price. Maybe the placing price will drag us for a bit but I'd be surprised if we have many sellers now we are into September, not the ones who are expecting a result this month in any case. And when there are no sellers but there are buyers - well - it should go one way? I'll stick my neck out and say we will be between 8 and 9p when the first financing RNS lands. Especially if the tweets keep coming. GLA

https://twitter.com/HorizontePLC/status/1432949132512178178

can't keep up. Marketing team back from holiday today.

https://twitter.com/HorizontePLC/status/1432950095029362688

https://twitter.com/HorizontePLC/status/1432950631359209472

maybe that's what is driving the sp gains. Or maybe it is fundamentals and the realisation that we're nearly there - unlocking multiple billions of $ of NPV through this first financing round for our world class Araguaia nickel mine.

the raise won't be at 3p. GLA

I didn't realise that was a 12 month forecast - if it comes to pass, lets just be clear that our NPV8 is $1.6bn usd at $24k/t. We will be halfway through construction (give or take). What % NPV should we be trading at? Ignoring stage 2 and Vermelho. Even a pessimistic 50% NPV just for stage one would put us ~$800m or ~£600 which is 20p assuming 3bn shares. So nickel $24k/t Horizonte 20p is a valid target for 2022 I would argue.

Now who wants some of that 3x from todays price on 12 month view? Place your bets now!

those offtakers better lock in a price! If they hang around they'll be paying $24k/t.

Nickel 19,675.00 19,807.50 19,532.50 +670.00 +3.53%

big jump so far today

It will be exciting when we are 14 pence, not 14 cents! Hopefully Q4, after financing completes in Q3.

Sorry 25koz.