Money of Mine

No quiet Friday at Money of Mine with plenty of news from the world of mining to chat about today.   We launched into MinRes (MIN) upping the stakes, now raising US$1.1B in a bond offering to global investors.   Liontown (LTR) updated the market with a poorly kept secret that the capex bill had jumped, plus news that DSO was no longer on the cards.   The ACG Acquisition Co SPAC reve...

We’ve got a couple great deep dives for the Money Miners today, with De Grey (DEG) and Latin Resources (LRS) releasing significant studies for us to enjoy.   We also give a brief shout out to 29 Metals (29M), who attracted only 10% of their retail shareholders into their entitlement offer, plus MinRes (MIN) getting the greenlight for Bald Hill and Gina appearing to pick up another 2% of Liont...

Today we had on the show Jonathan Fisher, CEO of Cauldron Energy, to chat through what the stance on uranium mining and nuclear power generation currently looks like in Australia.   Jonathan shared his thoughts on various commonly cited critiques of why nuclear isn’t viable as a fossil fuel free energy source, as well as what would have to change for mining to commence and the flow on effects...

We had a big news day, though we were left with plenty of questions.   MinRes (MIN) announced plans for a US$850m debt offering to fill the coffers, whilst Gina’s stake of lithium developer Liontown (LTR) rose to 10.7%.   We had a yarn about the sorry stake of the zinc market resulting in the unfortunate decision some miners are having to make, putting their assets of care and maintenanc...

More M&A!   Matty’s predictions are starting to bear fruit with Australian Vanadium (AVL) and Technology Metals (TMT) announcing a $217m merger today.   Allkem (AKE) updated shareholders on everything they’ve got going on under the sun, so we waded through the 100’s of pages for the important info.   Last up we commented on consolidation in the potash sector, with limited detail...

We get into the weeds of how Harvest Lane eek out returns year in year out through announced M&A deals and corporate events in this interview with PM, Ben Bailey. Their strategy contrasts greatly with many previous guests on Money of Mine, so it was a great opportunity for us to get up to speed with an important player in the world of ASX corporate deals.   All Money of Mine episodes are...

We had a chat with the founder of Noah’s Rule, Sean Russo, to help us build knowledge on a vital aspect of financing mining projects.   The topic is often misunderstood, with many misconceptions out there that we clear up today. We’re all the wiser for hearing what Sean had to say.   All Money of Mine episodes are for informational purposes only and may contain forward-looking statements...

We start today with a couple of shorter bits of news – Ramelius (RMS) going compulsory on Musgrave (MGV) plus a top shareholder selling down their Hastings (HAS) holding.   Then, Aeris (AIS) gets a deep dive as we explore there year from hell on what can be done to arrest the decline.   We finally found a reason to talk about Lindian (LIN) too, with a company update giving us more than e...

Just two companies on the menu today, but boy did we get stuck into them.   Whitehaven (WHC) was first up as they’d confirmed their interest in purchasing two Queensland metallurgical coal assets in Daunia & Blackwater. This led us to going deep into all the ins and outs of WHC.   Our second story was Cyprium (CYM) who are the proud owner of the old Nifty mine. They’ve finally comple...

There were plenty of news drops late on Friday plus a load more today to keep us busy. First up is Wildcat (WC8) who have merged from suspension with lithium results that the market is loving. We provide an update on the Abyssinian 249D which went to a vote on Friday, then talk of another company who are in the midst of corporate changes at VHM limited (VHM). Next up is Develop Global (DVP), where...

We serve up four fascinating stories for the Money Miners, opening with what fundies around Australia are saying about the market, small caps, and commodities. Sigma Lithium (SGML.tsx), the Canadian-listed lithium, caught our eye by essentially announcing itself for sale which naturally had us chatting. Another overseas listed company, Greatland Gold (GGP.lse) was next up as they announced their A...

A few weeks ago we had the privilege of sitting down with Russell Delroy of Cottesloe-based Nero Resource Fund . Nero’s performance is stellar. But you don’t need us to tell you to pay attention when Rusty speaks.   In this conversation, we talked about one of the biggest issues plaguing our industry – to the detriment of shareholders. That issue is “misalignments&#822...

There were multiple fascinating stories for us to pick apart today.   First up, the big news of the day was at Delta Lithium (DLI), with their largest shareholder Mineral Resources (MIN) having inserted two people onto the board and David Flanagan leaving the company.   We received confirmation that Gina has picked up a stake of slightly under 8% in Liontown (LTR), which spurred a lithiu...

First up today we discuss certain points put forward by Chalice Mining (CHN) on the back of our analysis to their much-anticipated scoping study. Tietto (TIE) was next up, having to retract their production schedule and African Down Under presentation having not released the relevant resource model, while Syrah (SYR) announced a loan commitment of us to US$150m from a US government institution. Ca...

What an honour to interview the global “Legend of Lithium”, Joe Lowry. This bloke has been in the Lithium industry for 30 years and also hosts the Global Lithium Podcast. We chatted everything Lithium both within Australia and around the world. There is no better guru to take note from when looking at Lithium. Joe doesn’t hold any punches either, especially on what he thinks about certain companie...

We had a few interesting stories catch our eye today, with the Liontown (LTR) on-market action coming first up.   Then, it was on to Sandfire (SFR) with their contract award to Perenti (PRN), plus an outlook MATSA & Motheo and a gripe with equity research.   We round off with a recap of the latest uranium news and a bit of a dive into Boss Energy (BOE) and Peninsula Energy (PEN). &nb...

Today we had the pleasure of interviewing the great Warren Gilman in a “can’t-miss” interview.   Warren has a wealth of experience, having invested capital in the natural resource world on behalf of notable entrepreneurs including Andrew “Twiggy” Forrest, Li Ka Shing, Brett Blundy, Jack Cowin and John Singleton.   He previously managed CEF Holdings throughout the 2010’s, having set up CI...

Today marks the third consecutive episode we find ourselves talking about Bald Hill. Late yesterday, Min Res (MIN.asx) confirmed themselves as the suitor to buy the project. Matty goes deep on the strategic relevance of the South Kal Lithium Province and all the players in the region. We wrap up with a discussion on Tietto’s (TIE.asx) guidance downgrade which has seen the stock fall 22% today. For...

Today was a show for the lithium faithful with news from corners of the world.   American chemicals company Albemarle came in (again) for Liontown (LTR), this time tabling a $3 per share takeover bid which appears to have finally won over the LTR board.   More details emerged regarding the hunt for Bald Hill (Alita Resources), with the rumour mill flying and administrators + receivers no...

Another fruitful day of news to analyse, with the revolving door at Fortescue (FMG) again being a talking point as two further senior figures leave the company. We then delve into the Bald Hill debacle, which appears to have an imminent end to it, with a mysterious bidder for the prized asset lurking.   A quick mention for Sayona (SYA) and Morella (1MC), who share an MD/CEO, then onto a deep...

Two big stories for us to pull apart today, Chalice and 29 Metals!   We had Emanuel Datt of Datt Capital on for our Chalice segment, helping us get into the weeds on a range of aspects we found of interest.   We also couldn’t help but discuss troubled copper miner 29 Metals, who have finally pulled the pin on a capital raise, 13 long days after denying the media speculation that a raise...

We’ve got a great discussion for the Money Miners today, an interview with Dylan Kelly on all thing’s rare earths.   We break down what the rare earth elements that matter are, where the value is added along the chain, which companies have executed well + why, what is needed to be a successful rare earths miner, how the geopolitical situation looks plus a lot more.   Enjoy the chat! &nbs...

More annual results with intriguing company commentary for us to pull apart today.   We get the ball rolling with a snippet from Monday’s Fortescue (FMG) investor call, honing in on why Fiona Hick departed after just 6-months in the job.   Then, Red5’s (RED) annual result caught our eye, with a close look at trade payables.   Ramelius (RMS) get a mention with majority ownership at M...

Money of Mine’s first episode from the new office!   There was plenty for us to digest this morning, starting off with the Firefinch EGM where we made an appearance at. Ramelius (RMS) also gets a mention for going unconditional in their takeover of Musgrave (MGV).   WA1 released further assays, though the market seems to be pre-occupied with how the metallurgical results will shape up wh...

Today we had an in-depth discussion on Pilbara Minerals, on the back of their annual results and investor call. Front and center is how they plan on allocating the massive amount of cash they’ve built up. We also shared one of our favourite segments, Trav’s Top Tweets, which got us in the weeds on some interesting dealings as well as some quirks from the annual reporting season this week.   A...