Another action-packed episode from all around the country!
We warm up with announcements we noticed from AngloGold Ashanti (AGG.asx – soon to be delisted), BCI Minerals (BCI.asx), and Challenger Gold (CEL.asx).
Vulcan’s (VUL.asx) deal with NYSE-listed SLB gets discussed before we head to the Cobar for an update on what’s going on corporately at both Polymetals (POL.asx) and Kingston (KSN.asx).
Our story of the day takes us to “Tin Baron” land, via Tanami Gold (believe it or not). Metals X (MLX.asx), ASX’s sole pure-play tin producer, is our main top of the discussion and we’re particularly intrigued by their changing ownership structure as well as their corporate strategy.
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CHAPTERS
0:00 Preview
0:33 Intro
4:08 AngloGold Ashanti make renewable investment
6:57 BCI agrees on offtake with Itochu
7:30 Challenger Gold director buying
8:50 Vulcan’s deal with SLB
11:29 Polymetals pre-payment & capital raise
14:36 Kingston out of trading halt
17:09 Metals X & Tin Market Deep Dive
47:25 Outro
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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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Great update to a stock i used to follow. Loved the TIN narrative, but gave up after the Toyota debacle in Morocco.
Very gud, Cheers!!
Great work on MetalX APAC. I’ve been intrigued at the grade decline, milled tonnage and translation to bottom line … looking further into possible power and extensional plans. MetalX have been through the commodity decline mid 2016 which may feed into high cash going into declining demand. G&A a good incentive to keep cash on hand , schools out not sure if this passes the sniff test.
JD sea and onshore mining in Indonesia is considered an ecological disaster bolstering ESG argument for AU CDN supply.
Yes, thanks, more attention to what Directors are buying and selling is worth your attention
GREAT EPISODE BOYS, in the Tin space, Venture minerals has one of the world's biggest tin deposits in TASMANIA, struggling to get permitted.
To be fair the DFS for the Rentails project capex is around 200M so all that cash will be re-invested should there be a positive FID in the near future.
re CEL – Shareholders are having some trust issues with management. At RUI the managing director tells everyone that 'they need to raise but have no concerns about where the money's coming from' and then they raise at a huge discount on the same day they release a Resource.
Also they have 2 resources – and their head Geo just came on and took shares in lieu of a salary for 3 years. I think they're decent resources but can't trust the management's word. Long term chart tells the story.
Ahhh MLX, the most thoroughly underwhelming POS company I’ve had the displeasure of working for… it should not surprise that they continue to do strange things.
You fellas need to get Brett smith on the blower and ask him what’s he got up his sleeve? Shadier than George Soros this guy