Nickel steadily pushing up to $15k.
With a current EV of <£60m, #HZM really is a sitting duck.
I think the issue is that some expect a large PLC-level placing to fund the equity component of Araguaia.
However, Teck, Glencore and Orion (existing stakeholders) are more... 1/3
With a current EV of <£60m, #HZM really is a sitting duck.
I think the issue is that some expect a large PLC-level placing to fund the equity component of Araguaia.
However, Teck, Glencore and Orion (existing stakeholders) are more... 1/3
https://twitter.com/MylesMcNulty/status/1295259772900515840
...than capable of investing at project level (something that many conventional insti. investors cannot do).
I hope this is mgmt's plan: not only could a much higher pre-new money valuation be achieved, but existing shareholders' share in Vermelho would also remain intact. 2/3
I hope this is mgmt's plan: not only could a much higher pre-new money valuation be achieved, but existing shareholders' share in Vermelho would also remain intact. 2/3
The fact that the arranging of the financing package is taking some time (to complete by year end) is suggestive that project level equity investment is indeed the plan: were #HZM intending to raise at PLC level, it wouldn't take 5 months to arrange!
Excited to be holding.
3/3
Excited to be holding.
3/3
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