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This has to be a good sign as it gives the lenders an opportunity to capitalise on HZM’s misfortune and lend at a premium & knowing interest rates will be coming down over the foreseeable future they can lock in & make a sizeable profit!
The Future Is Looking Brighter By The Day
(even if the SP doesn’t reflect that!)
La Mancha have $100Million which they recently withdrew from another deal so I reckon they would be happy with a 12% + Loan Agreement with this knowledge
Lawrence you forever optimist.
Don't be in It To Win It - Snooze You Definitely Win by not investing in HZM.
Catchy hey Clever ……
But let’s not ignore the true facts here, MONEY!
Bankers, Financiers, Lenders Generally all want to make money & the opportunity for them now has never been better.
Globally Inflation is coming down, even if they’ve had to change the metrics to suit Global Governments Agendas, interest rates are already falling yet the fundamentals of HZM have not changed which means it’s a Great Deal for new money to enter HZM even if it’s supplied by the current cornerstone investors as they can set new & more attractive terms for themselves and in the process Everyone Benefits.
Couldn't agree more, it's all about the MONEY!! Greed and Money, filthy fricken money. We not talking about Venezuelan bolívar or zimbabwe dollar but damn sexy USD, GBP, or maybe even a some swiss francs.
"Bankers, Financiers, Lenders Generally all want to make money & the opportunity for them now has never been better." You lost your marbals or on a usual ramping spree? It about managing risk for the name above, and this is as risky as you can get. They have f'd up 4 times, do you get that?! It doesn't fill any potential lender with any confidence that the Snake and Retter can pull this off.
For that exact reason, Glencore is going to use, abuse, use again and then finally take it with no get out of jail free card or or the opportunity to top up every time it hits new lows. Please tell me you haven't averaged down again from 72p?
You have always been the Ramper and Chief of this stock, with a few times losing your faith but you bounce right back. Nothing wrong with writing it off or at least stop ramping. Doing a disservice to other naïve investors and tarnishing your good reputation.
You still are our honoree nominated hangman of the BoD don't forget. You'll hopefully get the opportunity soon. Don't worry I'll be there leading the mob and cheering you on. You have our unconditional support....
Hi Cleverthoughts-no averaging down here-lucky to have sold more than 90% of my holding circa £1.50 as I could not see a return in the next couple of years.
However did not see Martin and Co messing things up so badly here.
Better to buy shares in Glencore than here as they are the only ones likely to realise a profit here in the longterm
Or even better Moneyman if one believes in mining's prospects they could just buy a fund like blackrock's BRWM which is at a very low now.
Instead they're all trying get rich quick schemes here
Clever, everything has a value and a Nickel project that is Brand New, 70% Completed and has spent close to US$500 Million definitely has a value to someone so I won’t be taking any abuse from you!
To answer your last point, no my average is still 72p and I won’t be averaging down again and I have my own belief that for the reasons above this will either be bought out for x£?.. or financed as it does not benefit anyone just to Stop & leave it to rust, but that’s my opinion and not a recommendation to buy and definitely not ramping unlike you with your abusive trolling and de-ramping.
I get it, you’ve sold up and taken your loss and now you’re angry but quit the abusive behaviour, you’re not helping yourself or anyone else.
Lastly if nothing happens here, Everyone Loses, even the bankers!
Not sure where i have been abusive is coming from. Always appreciate your input Lawrence. We'll have a brotherly connection for life with our mutual negitive experience with HZM, the Snake and Retter.
Zero chance this will be left to rust but will be taken over by one of the apex predators to the detriment of good PIs such as yourself.
Fyi - i sold at exactly £1 on the day of the dreadful rns with token profit.
THE FUTURE IS BRIGHT, THE FUTURE IS FOR GLENCORE.
Clever, well done for getting out, unfortunately I couldn’t get a quote when the announcement came & the next thing it was 70p then 50p and I decided for my faults to hang on as my average was £1.42 and I didn’t have the stomach for such a loss but obviously in hindsight I should have gone AtBest 🙈 but I really don’t like doing that.
Time will tell but either way I’ve lost 🤷♀️ the question is How Much?
I’m going for what I believe is damage limitation and I’m hoping for a sale as it finalises everything and takes the decision away from me 🤸🤸♀️
Hopefully it works out for you and all remaining investors and gamblers.
On the telegram group, one user has been in contact with a contractor at site and the contractor is advising they've 100% ceased work, nothing happening, no essential works either :|
Take that as you will.
It was myself the chap got in contact with.
Bear in mind:
1. English isn't his first language.
2. He's contracted to the job, but it doesn't mean ALL work has stopped - Could be the particular task he's working on.
But he certainly messaged out of concern for work stopping (as would we all).
100% ceased work, nothing happening, no essential works
I'd be concerned if they were doing anything that was not in the budget (spending money they don't have)- this is good news.
Before panic is spread, for what is worth I think this is a good thing if we will take the RNS on face value.
Some cash is left reported as accessible.
A direct reference is given that is good enough to mid Dec [at current pace of reduced ops]
Then a caveat was given that this could last till end Q1 when finance will be agreed [break or make].
If you are the company, and you have small cash left, and you want to facilitate the timeframe to Q1 end. then what do you have to do?
This is essentially the biggest functional point of the RNS to me. It talks definitively till q1 for a go no go deal, and that monies don't last you to then if for full ops. So what do you do... the prudent thing is to stop what's not absolutely necessary and preserve the cash to the timeframe.
I think HZM are to some extent a victim of their own weazel words. Had they said clearly that they had shut down all works until further funding can be secured, it would have avoided the idea that Araguaia could go into Administration (or whatever the Brazilian equivalent would be).
Drop over 90 % its value on very short time is warning sign to show it lack of supportive and start some cracking , the same with SFE with thin one month it go into administration . They spent all money on that side but it is only haft finish as they said First production at Araguaia will be contingent on the result of the various funding discussions so we never know it they cant find the fund need to be sort out what will happen next?
only 60 % finished on overalls so it is an big mess up out there end if there is no fund so stop all is the way it go.
only one month of fund left then they must pay a lot of thing so this matter is very serious to look at it.