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Horizonte announces that its death has been postponed again but the Grim Reaper is still on his way

By Tom Winnifrith | Wednesday 1 May 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

It is a postponement but not a solution. Horizonte Minerals (HZM) will go bust and shareholders will lose everything it is just a matter of when.
Senior debt providers have kicked the can down the road again regarding non payment of interest first due on 31 December but then pushed back to March 29 and April 30. It has now been pushed back to May 15 to allow for more talks on restructuring this mess at a subsidiary level.
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