Horizonte (London: HZM) shares are down c6% today to 1.85/2.0p (you have to love the spread on some of these AIM stocks, so wide you can’t quote a single meaningful price).

The weakness seems to be on the back of closing of the Glencore deal creating a potential overhang. Given I’m buying with a 2-3 year time horizon and expectation of multiple times upside, for me the closing of the transaction is a significant positive – together with the recently announced additional licence areas cementing Araguaia as a world class development project.

So I see the weakness today as an opportunity and I have bought a further 175,000 shares at 1.9p.

Contrarian stands at £152,499 today with just £461 in cash so time to sit on my hands.