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9/28/15

Glencore and Horizonte: IKN kung fu is good

Last Friday September 25th on IKN (and during trading hours, begad):

On Monday Glencore will announce that it's selling its Araguaia nickel property to Horizonte Minerals PLC (HZM.to) (HZM.L), owners of their own nickel project just next door. The price will be around $8m. You heard it here first.

Today's news:

Horizonte consolidates Araguaia nickel project through acquisition of Glencore project


And the price, $8m. Any further questions?