Money of Mine

Capricorn’s (CMM) ‘record’ half year result got us rolling today as we put a magnifying glass over their hedge book, before we moved onto why there could be much more than first meets the eye when glancing at a $200m block-trade in Yancoal (YAL) stock.As usual we had to give the latest MinRes (MIN) news a bit of thought then we looked into Boss Energy (BOE), which is rapidly approaching first drums at Honeymoon.Lastly, we delved into a range of things that have caught our eye from Elliott Management getting into mining investments, to short positions in AZS, MIN & 29M as well as growing steel production out of India and South East Asia, amongst other topics we touch on.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. Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com InvestorHub – The go-to Digital Platform shaking up the Investor Relations industryrhori@investorhub.com DSI Underground – Ground Support gurushttps://www.dsiunderground.com/contact SMEC Power & Technology – Electrical expertssales@smelectrical.com.au McMahon Mining Title Services (MMTS) – Australia-wide tenement serviceshttps://www.mmts.net.au/#contact Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com KCA Site Services – Underground mining machineadmin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au(0:00:00)Introduction(0:01:04)How to VRIFY a mine(0:03:58)Why there's more to CMM's 'record' result than meets than eye(0:13:47)Pay attention to the $200m block trade in YAL(0:22:35)MIN look to bed down Bald Hill tax claims(0:25:26)Boss energy weeks from first uranium production(0:32:02)What else is catching our eye: Shorts, Commodity prices, & new investors 

We’ve got M&A and plenty more potential M&A today. Newmont (NEM) announced their intention to sell off sub-tier 1 assets, which led us to picking apart Havieron & Greatland Gold (GGP.lon).Then the big deal, Alcoa (AA.nyse) announced their plans to eat up JV partner Alumina (AWC) in a long anticipated deal, for $3.3b. Lastly, we had a look into Capstone Copper (CSC), pealing back the numbers and trying to understand why the CDI hasn’t got any traction. 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. Podcast Partners: VRIFY – Communicating in 3Dgrant@vrify.com (no e) InvestorHub – The go-to Digital Platform shaking up the Investor Relations industryrhori@investorhub.com DSI Underground - Supplier of Ground Support Products to the Mining and Tunnelling industrieshttps://www.dsiunderground.com/contact SMEC Power & Technology – Electrical Guru’s for the Mining Industrysales@smelectrical.com.au McMahon Mining Title Services (MMTS) – Australia-wide tenement service expertshttps://www.mmts.net.au/#contact Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com KCA Site Services – Underground mining machine hire for IT’s, normet’s, trucks and moreadmin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Money of Mine YouTube Money of Mine Twitter Money of Mine LinkedIn Money of Mine Instagram(0:00:00)Introduction(0:01:12)Who else is on the Jeremy Raper list(0:03:52)Saving the Exploration industry(0:06:10)What's the future of Greatland gold + Telfer(0:27:00)Why have Alcoa finally decided to bid for Alumina(0:40:09)Does Capstone Copper trade attractively?

For a weekend special we had a chat with value-investing/social-activist Jeremy Raper. Jeremy has banking & hedge fund experience as well as writing a popular investing newsletter sharing his insights. He looks for value opportunities with key catalysts that’ll unlock that value for shareholders. We chat about his adventures across plenty of resource plays as well as companies he’s got his eyes on. 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. Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com (no e) InvestorHub – The go-to Digital Platform shaking up the Investor Relations industryrhori@investorhub.com DSI Underground - Ground Support guru'shttps://www.dsiunderground.com/contact SMEC Power & Technology – Electrical Guru’s sales@smelectrical.com.au McMahon Mining Title Services (MMTS) – Australia-wide tenement service expertshttps://www.mmts.net.au/#contact Anytime Exploration Services – Everything Explorationseamus@anytimees.com KCA Site Services – Underground mining machine hire admin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Exploration drilling experts ryan@k-drill.com.au Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Money of Mine on YouTube Money of Mine on Twitter Money of Mine on LinkedIn(0:00:00)Introduction(0:03:39)Which companies are not safe from Activisim?(0:06:38)Who helped discover Greenbushes, Andover and Pilgangoora?(0:09:49)Jeremy Raper intro(0:20:09)How to extract latent value from companies(0:22:02)The Metals X locked box(0:27:27)Carnarvon Energy activism(0:37:17)Orecorp pending offer from Silvercorp(0:40:07)How will Carnarvon play out?(0:45:19)How many times has Jeremy been stonewalled?(0:54:46)Setting up a special purpose vehicle for Activism(1:00:46)Cassius Mining Arbitration(1:16:49)Montero Mining(1:37:44)WA Billionaire Rant

We start off with MinRes’s hotly anticipated half year call, which didn’t disappoint. Then we pealed back the key details from IGO’s call before chatting about what’s happening at Pilbara Minerals (PLS).Some of the figures from Fortescue’s (FMG) had to get a mention before we rounded off with some lithium chat, as Piedmont (PLL) shared they’d sold down their interest in Sayona (SYA).  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. Thank you to our Podcast Partners: VRIFY – Communicating in 3DEmail grant@vrify.com (no e)  InvestorHub – The go-to Digital Platform shaking up the Investor Relations industryEmail rhori@investorhub.com  DSI Underground - Supplier of Ground Support Products to the Mining and Tunnelling industrieshttps://www.dsiunderground.com/contact SMEC Power & Technology – Electrical Guru’s for the Mining Industrysales@smelectrical.com.au McMahon Mining Title Services (MMTS) – Australia-wide tenement service expertshttps://www.mmts.net.au/#contact Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com KCA Site Services – Underground mining machine hire for IT’s, normet’s, trucks and moreadmin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTube Follow Money of Mine on Twitter Follow Money of Mine on LinkedIn Follow Money of Mine on Instagram(0:00:00)Introduction(0:00:32)Min Res capitalising on Nickel(0:03:18)Exploration Hail Mary's(0:04:57)MIN's Ellison on critics, lithium, nickel + Onslow(0:33:55)IGO dodge q's (0:37:43)Pilbara look to shore up balance sheet(0:43:16)Fortescue printing money(0:46:33)Piedmont sell down Sayona stake… why?

We kick things off today discussing the thoughts that Australia investing giant Phil King has on the resources sector before diving deep into the debacle at Horizonte Minerals (HZM.lse). Next up we’ll pull the curtain back on Iluka’s (ILU) Eneabba’s progress, which has seen capex blowout massively, then onto the cash printer Mt Gibson (MGX). We round off with the highlights from Silver Lake (SLR) and St Barbara (SBM).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. Podcast Partners: VRIFY – Communicate in 3DEmail grant@vrify.com (no e) InvestorHub – The go-to Digital Platform shaking up the Investor Relations industryEmail rhori@investorhub.com DSI Underground - Supplier of Ground Support Products to the Mining and Tunnelling industrieshttps://www.dsiunderground.com/contact SMEC Power & Technology – Electrical Guru’s for the Mining Industrysales@smelectrical.com.au McMahon Mining Title Services (MMTS) – Australia-wide tenement service expertshttps://www.mmts.net.au/#contact Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com KCA Site Services – Underground mining machine hire for IT’s, normet’s, trucks and moreadmin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTube Follow Money of Mine on Twitter Follow Money of Mine on LinkedIn(0:00:00)Introduction(0:01:05)Save your shareholders money (0:03:42)A testimonial from Andrew Rinehart (0:05:27)Phil King's on commodity markets(0:14:05)Disaster at Horizonte Minerals(0:26:56)What's Iluka's Eneabba worth(0:37:39)Value trap Mt Gibson print cash(0:40:10)Silver Lake go quiet on Sugar Zone(0:42:42)St Barb's toss up their future

First thing on the menu had to be BHP with big decisions looming, before we picked through intriguing trading in 29M’s stock. Next up Sayona’s (SYA) long awaited Moblan DFS, then a fascinating transaction in Russia with PolyMetals & onto Coronado’s (CRN) half year results.To round us out we chatted about Osino’s (OSI.v) latest bid and a change in leadership at Cyprium (CYM) after just 5 months. 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. Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com (no e)  InvestorHub – Shaking up the Investor Relations industryrhori@investorhub.com  DSI Underground - Ground Support guru'shttps://www.dsiunderground.com/contact SMEC Power & Technology – Mining Electrical Guru’ssales@smelectrical.com.au McMahon Mining Title Services (MMTS) – Australia-wide tenement service expertshttps://www.mmts.net.au/#contact Anytime Exploration Services – Everything Explorationseamus@anytimees.com KCA Site Services – Underground mining machine hire admin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTube Follow Money of Mine on Twitter Follow Money of Mine on LinkedIn Follow Money of Mine on Instagram(0:00:00)Introduction(0:01:08) How to get institutional investors excited(0:03:42) Matty's FIFO breakfast story(0:06:51) What's BHP media strategy(0:20:50) A wild week for 29M shareholders(0:25:12) Sayona's Moblan DFS finally shared(0:32:01) PolyMetals sell assets for US$3.7b… how much will they get?(0:35:42) Coronado's results show assets age(0:40:45) Osino's cathces a bid - was it worth it?(0:42:00) Cyprium boss leaves after 5 months 

Romano Sala Tenna is the co-founder of Katana Asset Management, a Perth-based long-only fund. We had a blast picking his brain over what the state of the economy is, how earnings season is shaping up, how interest rates are looking, his positioning in resources business plus several specific companies. 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. Thank you to our Podcast Partners: VRIFY – Communicate in 3Dgrant@vrify.com (no e) InvestorHub – Shaking up the Investor Relations industryrhori@investorhub.com  DSI Underground - Everything Ground Supporthttps://www.dsiunderground.com/contact SMEC Power & Technology – Electrical Guru’ssales@smelectrical.com.au McMahon Mining Title Services (MMTS) – Australia-wide tenement service expertshttps://www.mmts.net.au/#contact Anytime Exploration Services – Everything Explorationseamus@anytimees.com KCA Site Services – Underground mining machine hire for Undergroundadmin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.auTIMESTAMPS(0:00:00)Introduction(0:01:59)Gina has run her eye over this one(0:05:30)Matty's personal Pub announcement(0:06:58)Getting out of the Perth & the big smoke(0:08:57)Katana's style(0:11:45)How's earnings season shaping up(0:16:24)Difference between the stock market and the Aus economy(0:18:19)Inflation and Interest Rates prediction(0:24:50)MinRes - the portfolio's biggest holding(0:36:06)Do you get punchy within Katana over ideas(0:38:55)Copper predictions and who are the pure plays to look at(0:44:22)North Qld Copper district(0:46:50)Regis Resources(0:52:50)Transitioning into Whitehaven(0:59:30)Yancoal(1:02:03)Pilbara Minerals(1:07:49)Santos/Woodside(1:09:33)Iluka & South32(1:13:26)Your biggest contrarian view?

We had the great privilege of sitting down with John Macdonald, a legendary mining analyst.We delved into the conflicts of staying true to your views and not being swayed by outside pressures, the common tricks that companies get up to, how he spotted richly valued as well as promising businesses, what the real costs that investors should follow are and a whole heap more.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. Podcast Partners: VRIFY – Transforming the way Mining companies communicate to 3DEmail grant@vrify.com (no e) for more information InvestorHub – The go-to Digital Platform shaking up the Investor Relations industryEmail rhori@investorhub.com for more information DSI Underground - Supplier of Ground Support Products to the Mining and Tunnelling industrieshttps://www.dsiunderground.com/contact SMEC Power & Technology – Electrical Guru’s for the Mining Industrysales@smelectrical.com.au McMahon Mining Title Services (MMTS) – Australia-wide tenement service expertshttps://www.mmts.net.au/#contact Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com KCA Site Services – Underground mining machine hire for IT’s, normet’s, trucks and moreadmin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALDTIMESTAMPS(0:00:00)Introduction(0:02:47)Charting to the next Extreme(0:09:58)Welcoming Johnny Mac on MoM(0:11:37)Some of the big calls (Perseus, Ramelius + Dacian)(0:22:56)The downfall of Sons of Gwalia (0:33:08)Banking commitments for Liontown(0:34:36)Reflection on being an Analyst(0:37:41)Using the CAIC (Corporate All-In cost)(0:45:36)Red flags in company reporting(0:47:49)How to assess management teams(0:52:21)The discount in valuation for African miners(0:59:14)Forecasting commodity prices(1:01:18)Any surprise with recent Lithium movement?(1:03:06)Gold vs base metals miners

BHP gets us rolling today with an announcement on exceptional items (read Nickel West write-down). South 32 (S32) was next on the block with their half year result and their notable decision to press on at Hermosa. Wesfarmers (WES) gave an update on Mt Holland which we touched on as well as Whitehaven’s (WHC) half year numbers. Plus a rapid fire on Capstone, KIN/PNX, OBM + TNC.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.Podcast Partners:VRIFY – Transforming the way Mining companies communicate to 3DEmail grant@vrify.com (no e)RSVP to the Vrify/Money of Mine drinks this Friday at https://shorturl.at/iyBUW InvestorHub – The go-to Digital Platform shaking up the Investor Relations industryrhori@investorhub.com DSI Underground - Supplier of Ground Support Products to the Mining and Tunnelling industrieshttps://www.dsiunderground.com/contact SMEC Power & Technology – Electrical Guru’s for the Mining Industrysales@smelectrical.com.au McMahon Mining Title Services (MMTS) – Australia-wide tenement service expertshttps://www.mmts.net.au/#contact Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreseamus@anytimees.com KCA Site Services – Underground mining machine hire for IT’s, normet’s, trucks and moreadmin@kcasiteservices.com.au Brooks Airways – Perth’s leading charter flight operatorsops@brooksairways.com K-Drill – Safe, reliable, and productive surface RC drilling ryan@k-drill.com.au(0:00:00)Introduction(0:01:08)Going through the quality checklist(0:05:27)BHP's BIG writedown(0:16:17)S32 try to give Hermosa a bit of shine(0:42:57)Wesfarmers up & running at Mt Holland(0:44:53)Whitehaven's big drop in cash flow(0:50:00)Capstone Copper's chunky capital raise(0:50:56)KIN + PNX in talks(0:54:10)Ora Banda on the up(0:55:29)True North give some colour on Cloncurry 

Whispers of more M&A in QLD copper get us going today, with Carnaby (CNB) and Hammer (HMX) is talks. We then have a chat about 29 Metals 2nd biggest shareholder AusSuper scooping up more stock plus a good run through the half year numbers out of Evolution Mining (EVN). With more presentations surfacing, we pick apart the highlights from Bellevue (BGL), Westgold (WGX), Ramelius (RMS), Global Lithium (GL1) and Lake Resources (LKE).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. Thank you to our Podcast Partners: Thank you to our Podcast Partners: VRIFY – Transforming the way Mining companies communicate to 3DEmail grant@vrify.com (no e) for more information InvestorHub – The go-to Digital Platform shaking up the Investor Relations industryEmail rhori@investorhub.com for more information DSI Underground - Supplier of Ground Support Products to the Mining and Tunnelling industries SMEC Power & Technology – Electrical Guru’s for the Mining Industry McMahon Mining Title Services (MMTS) – Australia-wide tenement service experts Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more KCA Site Services – Underground mining machine hire for IT’s, normet’s, trucks and more Brooks Airways – Perth’s leading charter flight operators K-Drill – Safe, reliable, and productive surface RC drilling  Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTube Follow Money of Mine on Twitter Follow Money of Mine on LinkedIn Follow Money of Mine on InstagramChapters:(0:00:00)Preview(0:00:59)Stock debates on Money of Mine!(0:03:15)Things are expanding in Kewdale(0:05:58)The new Amazon(0:07:50)M&A in Queensland Copper - Hammer + Carnaby in talks(0:18:51)AusSuper scoop up more 29M stock(0:22:25)Do Evolution Mining actually make money?(0:32:20)Terrible news out of SSR Mining's Turkish operation(0:33:45)Presentation highlights: BGL, WGX, RMS, GL1 & LKE