How Does a Mining Company Go Into Administration With $100m Cash?! | Daily Mining Show

We’ve got a hell of an episode in store for the Money Miners today.

The topic of corporate governance is the dominant theme, as we roll through news from Latin Resources (LRS.asx), Sayona Mining (SAY.asx) then onto the chunkier stories on the administration of X64 (X64.asx) and shareholder revolt at Abyssinian Metals (unlisted).

We share snippets from a discussion with Argonaut’s Eddie Rigg and Nero Fund’s Russell Delroy as they launch a 249D to remove the board at Abyssinian, for which we’ll release the full conversation on Friday.

Consistent performer Capricorn Metals (CMM.asx) provided a pre-quarterly for which we share our thoughts, while Calidus (CAI.asx) get a mention with their drill hits. We also share a tip for the Money Miners – look out for ‘flavour of the day commodities’ – in particular as it relates to Germanium and Gallium.

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CHAPTERS

0:00 Preview
0:46 Intro
4:08 Latin Resource MD Selling
5:13 Sayona’s ‘Good’ News
6:28 The Dramatic Story of X64
15:54 Abyssinian Board Revolt ft. Argonaut’s Eddie and Nero’s Rusty
34:14 Capricorn’s Consistent Performance
36:52 Getting on the Germanium Bandwagon
40:34 Calidus Drill Hits

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DISCLAIMER

All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.

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