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They're getting on with it. SP is frustrating and would have been nice to see double digits when all around i can see shares that i discounted as dull FTSE shares back about +70% when im -20% here.
i dont need to monetise so it's going to sit and wait. I don't align with the "BOD" panicking about having to build a mine. Even if the skill set is one of financiers rather than mine builders. Most BODs at this stage are lead by money/ CFO back ground rather than operators. You bring in the skill set to build a mine - and looking at the RNS's over time they have brought in a substantive team managing cash burn. This ramps up now. Do some basic research on Linkedin and whilst lots of finance roles, a number of on the ground project / construction and procurement roles. I'm happy for them to get on with it and top up. i expect detailed updates at the next formal reporting session from HZM rather than an RNS to say the eagles landed.....
i'm holding if big investors are moving in at 7p. Then for me they will want a minimum 2x for a return and that would be a poor ROI at this stage of the investment.
If someone takes this out then they'll have to convince the larger players that the return for a short hold is worth it vs longer term value.
Good luck, i keep adding as it drops. There is zero wrong with the fundamentals here.
with all the news around gaming and the crazy money. it feels like we may finally have the movement that i joined a year ago for.
Will be interesting as was expecting a RNS for LGP today and the german deal
Expecting a significant rerate of this over the next 8 weeks!
thankfully i'll not be allowed to any of contrarians parties.
Shorts appeared to be a hedge an interesting one at that but thats what these guys do an inevitably make money. will never bet against a shorter as they typically know more than most.
I'm sure there will be bumps in the road, i'm also sure in a years time this will be well ahead of the raise price. However, as with your ramblings, thats my opinion and i buy / sell and hold on the back of it. Good luck
"from a maintenance background" therefore commenting on kit you've seen a picture of from 3000miles away. Honestly. You'll give yourself an ulcer. It's been maintained, its not actually been used. I agree if something had been mothballed it would be a mess. Are you a) a holder, b) a disgruntled ex holder c) a short spammer or d) looking to add when/ if it goes lower on the back of the shorts.
the added benefit of pace as the kit is ready, no lead times just relocation.
agreed, who knows what happens on the SP. The shorts will have one agenda and i assume a short term agenda pre the 7p shares coming online 22.12 ?
i'm sure you're nto the only one who is peeved and i agree this isnt a sudden discovery at the car boot sale at Belo horizonte on sunday.
Fundamentally - we want this mine built as low cost, as quickly as possible with the 2nd line bringing A2 on so we can start to get serious about V.
The optimist spin is that we have a much greater buffer in case of other issues in this journey.
Happy Christmas! about time the news flow and narrative started to improve. I'm holding and peeved that my paper profit is now a paper loss. Patience as always is key, disappointing if you need the money now less so if you can hold.
blimey, conspiracy theories abound.... taking a short on a junior mine focused on Stainless steel initially to destory the EV market and maintain the fossil fuel dominance..... the saudis are currently buying crappy football clubs (mine ) and investing in anything they can!
The bear pit/ c*ck fight begins. I've learnt a lot over the last 12 months. Patience is the key one for me. Yes we have taken the risk with Covid decimating Brazil and finance on a heartstring.
i'm topping up, will take my 1 in 20 and hold as i cannot see a major issue from here
sensible contingency on build costs as the market for build has increased by c. 20% over the last 12 mths so the value engineering and costs are out of date.
Good luck, don't get mugged out there- ultimately it's your money and your share.
I expected the share to drop at the 7p place as anyone here for the quick spin on finance will be disappointed.
I read the 10 year deal as a huge piece to speed up the second line and Vermelho. Clearly the price will be key to if this is a good or great deal.
In terms of is this dilutive / price of the placing- i'm in part disappointed as i'd been topping up myself at the 8.2p as didnt think PI's would get a look in and not at a discount to the current price.
I agree that SP's usually drift to the placing price, however thats usually when its on the back of a fund raise for general float as opposed to unlocking this beast.
will continue to hold onto my pot as i just can't see anything other than a temp blip downside from this point over the coming months.
Morning, so we have at best, 6 weeks till the world closes for the Christmas break. I expect the key details of this to be wrapped up well in advance of Festivities kicking off.
Off takes and cornerstone with the remaining cash raise announced. Then we can get on with this.
nothing happens May to Sept.... that's one hell of a statement.
I agree with international banks etc the whole system seems to shut down for August and with schools back, next week should see some people back in offices and a few deals being formally inked. i think this will fall into place over the next 2 weeks- at least thats my plan! have some spare cash available end of Sept and had hoped i wouldnt be in a position to invest here! This is quickly becoming one of those shares you dont want to be out of over the weekend.....