HRZ 5.41% 3.9¢ horizon minerals limited

Morning matchup, page-17

  1. 414 Posts.
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    Had a lengthy conversation with Jon yesterday. A few take away points:

    - Last 2 trading days had lots of sell off from a particular holder. Sell off is done (circa of 5 mil shares). The individual sell off was taking place across a few companies concurrently from my understanding.
    - Lots of delays with lab processing right now. Turn around time can be up to 10 weeks which is insane!
    - Knowing what he knows about the company, he would have purchased on market but he cant because of obvious legal reasons
    - Some news coming up next week or week after about resource/reserve update? ( i believe it is for Crake and Coote)
    - They will look to finalise financing next quarter
    - Will look into cap raise in the mid 20's to finance the new mill
    - Considering to do toll milling for the Cannon project to get some more free cash flow
    - They are doing quite a bit of PR presentations to get the word out
    - He is super excited and confident about the company's future

    Good luck to all holders.
 
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