Money of Mine

It’s a full episode today deep into quarterly season!  We kick things off with more details on the tough Panoramic (PAN.asx) equity raising… Not a good time for a nickel player to have to raise. The mood lightens somewhat discussing a resource upgrade at Manna, Global Lithium’s (GL1.asx) flagship project.  From Develop’s (DVP.asx) quarterly the main talking point was that they are no longer interested in tendering for the mining services contract at Liontown’s Kathleen Valley. Then, a quick mention on Albemarle’s (ALB.nyse) decision to use Monadelphous (MND.asx) for constructions of trains 3 & 4 at Kemerton.  It was then onto some of the gold names, first up Bellevue (BGL.asx), who’ve drawn down on the debt which has had us talking lately, then RED 5 (RED.asx), who had a solid quarterly at King of the Hills.  Perseus (PRU.asx) might be pick of the bunch as they announced a US$522m pile of cash on the balance sheet.  We couldn’t help but round out with Metals X (MLX.asx), undoubtably one of the most intriguing names on the ASX. Trav even does his best Bill Ackman impersonation, trying his hand at good ol’ fashioned shareholder activism!  Thank you to our Partners at Anytime Exploration Services. If you’re looking for exploration workers, equipment or someone to cut and store your Drill Core, make sure you hit up Seamus Murphy and the team at AES via admin@anytimees.com.  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.  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) Preview(0:47) Intro(2:23) Panoramic’s Shocking Raise(5:39) Global Lithium’s Manna Upgrade(13:00) Develop out of Kathleen Valley Process(14:24) Monadelphous win Kemerton Contract(16:15) Bellevue draw down debt(17:54) RED 5 quarterly dive(23:13) Perseus sitting pretty(27:59) Metals X – cheap? 

We unpack the highs and lows (mostly lows) for the quarterly reports released in the last couple of days. Pilbara Minerals (PLS.asx) is the stand-out (as per usual) adding a further $656m of cash to the balance sheet. On the other end of the spectrum, Panoramic (PAN.asx), 29 Metals (29M.asx), Galena (G1A.asx) and Ora Banda (OBM.asx) are all losing money on their operations. We discussed where all those companies are sitting in terms of funds, capital raises and debt-facility drawdowns. Of keen interest to the Money of Mine team, Sayona (SYA.asx) saw some Director’s sell shares on market. Encounter (ENR.asx) have also put their hat in the ring for the West Arunta Niobium chase, releasing 2 holes confirming the presence of the enigmatic mineral. Will WA1 get pipped from 1st place in the West Arunta? 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. Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALDFollow Money of Mine on YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on InstagramThank you to our Partners at ANYTIME EXPLORATION SERVICES. If you’re looking for Exploration Workers, Equipment or someone to cut and store your Drill Core, make sure you hit up Seamus Murphy and the team at AES via admin@anytimees.com Chapters:(0:00) Preview(0:29) Intro(3:37) Sayona Directors selling shares(5:56) Pilbara Minerals add MORE + MORE cash(10:17) Panoramic raising money(12:44) 29m burning cash at Golden Grove(16:28) Will Galena survive?(22:30) Ora Banda losing on open pits(27:02) Encounter competing with WA1 for Niobium glory

Another jam-packed episode with news from plenty of commodities & jurisdictions!  We start off with South 32 (S32.asx) announcing a write-down of their Hermosa asset, doing their best to one-up IGO’s write-down last week. SolGold’s (SOLG.lse) agreement with the government of Ecuador to develop their huge Cascabel project then gets a breakdown, with some added history of Matty.  Coming closer to home, we run through MinRes’ (MIN.asx) release from late last week, stating that they’ve once again rejigged their deal with Albemarle (ALB.nyse), with regard to Kemerton, China downstream & Wodgina.  Next on the list is Bald Hill, owned by Alita Resources, who fell into administration almost 4 years ago. This one’s a fascinating story, with FIRB rejection of Austroid’s ownership attempt just the latest twist.  We then tuck into Gascoyne Resources (GCY.asx) resource upgrade, more than doubling the size of the Never Never deposit and notching up the grade to over 5g/t.  To round off, we delve into the quarterly report that Core Lithium (CXO.asx) provided the market. This is the 2nd most shorted stock on the ASX, so naturally it was of interest. We pulled back the curtain to see what the shorts were looking for, & whether they’ve been vindicated.  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.  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) Preview(0:57) Intro(1:58) South 32 BIG Write-down(8:28) SolGold’s Cascabel inches toward Construction(16:51) MinRes Re-jig’s Albemarle JV(22:33) FIRB Rejects Bald Hill Takeover(31:37) Gascoyne Scales Up at Never Never(44:47) Core Lithium’s Tough Quarterly Vindicates Shorts

We’re delighted to be able to provide the Money Miners with (as far as we know) the first full-length interview with Wyloo CEO Luca Giacovazzi and GM Strategy & BD Joel Turco.This is the team behind the creative acquisitions of Noront Resources and Mincor Resources. Their deal creativity has extended to Hastings Technology Metals, Western Areas, Regis, and more.Now the team is looking to translate their deal innovation into mining innovation as they become an integrated nickel producer with the completion of the acquisition of Mincor. In this Part 1 we get the genesis behind Wyloo and what they are all about today. We go further into the commodities they’re excited by and the tools and their disposal. 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. 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 YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on Instagram Chapters:(0:00) Preview(0:48) Introduction(3:19) Luca Giacovazzi and Joel Turco Introduce themselves(5:51) Wyloo Metals Insight and their Mandate(8:28) Did Wyloo Consider Lithium?(14:40) Wyloo’s Perspective on the Nickel Market(31:43) Wyloo’s WA Nickel Sulphide Plans(40:33) Does Downstream in Australia make sense?(51:55) Wyloo’s thoughts on Rare Earths

Today we had the pleasure of having a deep dive discussion with the one and only Rick Rule. We covered heaps of ground including fundamentals in natural resource investing, the nuclear renaissance, lithium’s rise from obscurity, surging resource nationalism, picking reliable management teams, unloved sectors, and a heap more. To check out Rick’s upcoming Natural Resources Symposium click here 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. 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 YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on Instagram Chapters:(0:00) Video Preview(0:54) Introduction to Rick Rule(4:23) Contrarianism in Resources Investing(7:20) Lithium Boom is Like Uranium(20:19) Uranium Investment Case(26:09) Coal is the most mispriced(30:26) Investing in high optionality(33:57) Career highlights at Sprott(45:53) Nationalism of resource projects(50:05) Management costs for Exploration(1:00:58) Rick’s upcoming Symposium

The Money of Mine team couldn’t help but dig into some fascinating stories today, with quite a few to choose from. We skim over Rio Tinto’s (RIO.asx) quarterly highlights as it relates to copper, then onto the surprising announcement at Peninsula Energy (PEN.asx) with their UEC deal being terminated. Westgold (WGX.asx) selling their stake in Alto (AMX.asx) caught Matty’s eye, so he researched his way through the history of the sandstone region, as well as the buyer of the stake Horizon (HRN.asx) and their major shareholder, listed investment manager Zeta Resources (ZER.asx). We picked up on some intriguing corporate activity at Rex Minerals (RXM.asx), who are looking to fund and develop the Hillside IOCG project in South Australia. Then, we shared a couple thoughts on the topic of Northern Star (NST.asx). The final business we explored was iron ore player Mount Gibson Iron (MGX.asx), who have the Koolan Island asset off the Kimberley coast. It hasn’t always been plain sailing for MGX, but things seem to have turned a corner and their latest quarterly had some eye-catching numbers. 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. 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) Video Preview(0:26) Introduction(1:14) Rio’s Copper Story(2:35) Peninsula Energy & EUC Tear up Contract(10:11) Westgold sell Alto stake to Horizon(27:22) Rex Ready Themselves for Action(31:04) What to Look for in Northern Stars Quarterly(34:56) Mount Gibson Print Cash

We went into the battery metals today with lithium and graphite!  Leo Lithium’s (LLL.asx) trading halt caught our eye, with potential rumblings of greater government interests in Malian mining projects.  Syrah (SYR.asx) posted a tough quarterly, which we of course tuned into the call for. The graphite market is complex to say the least and SYR had some interesting commentary for us to expand upon.  To round off we chat about Allkem (AKE.asx) flicking on stage 2 at Olaroz and how they’ve been fairing since announcing the merger with Livent Corp.  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.  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) Video Preview(0:22) Introduction (featuring Struth)(1:51) Leo Lithium gives Investors the Nerves(6:41) Syrah Tough Quarterly(23:25) Allkem Ramping Up at Olaroz

We kicked into gear this morning with plenty of news to start the week.  Sayona’s (SYA.asx) shareholders only just approved of stock and options grants to management while Hillgrove Resources (HGO.asx) are rapidly approaching go-time at Kanmantoo.  IGO (IGO.asx) announced a huge impairment on the assets they bought from Western Area’s and staying on nickel, Poseidon (POS.asx) decided to delay the restart at Black Swan as a result of project and external issues.  Matty gave a case study on what to look out for in lithium land with the rise and fall of Voltaic Strategic Resources (VSR.asx) then we chat about Rio’s (RIO.asx) investment in Sovereign Metals (SVM.asx).  We round off the day with Whitehaven Coal’s (WHC.asx) quarterly report – and what they’re going to do with all the cash!  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.  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) Video Preview(0:39) Introduction(1:31) Sayona Shareholder’s Vote(3:17) All Go at Hillgrove(8:08) IGO’s Big Impairment(14:41) Poseidon hit Delay on Black Swan(19:21) Voltaic the Lithium Hopeful(27:21) Sovereign Metals Catches Rio’s Eye(29:50) Whitehaven Keep Piling up Cash

We start today’s pod in the best way we know how, with some more Banjo Paterson-esque poetry. Then, for the news, we share what the Abyssinian board had to say in response to the 249D (action to remove the board) discussed on Tuesday’s episode with Rusty of Nero and Eddie of Argonaut. We crack on with more deals – Lotus (LOT.asx) and A-Cap Energy (ACB.asx) to merge via a Scheme of Arrangement… what is the rationale here?To round off we share our ideas on AIC Mines (A1M.asx) release of the Maiden Ore Reserve at Jericho in Northern Queensland and what they’ve got in store to scale up to a 20ktpa copper producer! 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. 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 YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on Instagram Chapters:(0:00) Preview(0:31) Intro(1:10) Some Poetry(4:52) Abyssinian Rebuttal(8:45) Lotus to merge with A-Cap(16:33) AIC Mines release Jericho Reserve

The Money of Mine team had a blast digging into 3 peculiar stories today – a junior mining company doing a share buyback, the wide world of vanadium and the old Nifty mine. But, before we tucked into these stories, we had to share with the Money Miners a piece of poetry that was written for us. We can assure you that this one is well worth a listen. On recent episodes we’ve covered some pretty curious corporate behaviour, and European Lithium (EUR.asx) was worthy of discussion by being one of the rare ASX-juniors that have bought back its own stock. Matty then delved into Neometals’ (NMT.asx) offtake agreement, and naturally that led to us having a dive into the entire vanadium market. This included looking at both Australian Vanadium (AVL.asx) and Technology Metals (TMT.asx) projects. To round off the show, we shared our thoughts on both of Cyprium’s (CYM.asx) recent financing rounds as they look to restart the old Nifty copper mine. 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. 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 Chatpers:(0:15) Intro(0:42) THE POEM(4:37) European Lithium poor corporate governance(11:56) Neometals offtake with Glencore (15:47) World of Vanadium (incl. history of Windimurra)(38:46) Cyprium planning to restart Nifty