HRZ 8.33% 5.2¢ horizon minerals limited

Im still here so it shows faith in HRZ management from my point...

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  1. 2,511 Posts.
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    Im still here so it shows faith in HRZ management from my point of view. If you are not aware of the GSR/ FMR jv it all went to shite in 2022 when t&cs were changed, or lets say reinterpreted from 50/50 share to 50/50 after mining costs to no profits from jv and closure of jv after mining 70kt of ore with no return whatsoever for GSR.

    3000oz were recovered but no profits with no independent audit of results of JV.

    Stating mining costs, ore targets, recoveries and tolling costs upfront is full disclosure and simply stated $30m free cashflow leave a lot of unknowns.

    once bitten twice shy


 
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