Money of Mine

Today’s episode is a discussion with a Money of Mine favourite and a true value investor, Vas Piperoglou.The conversation ranged from the extended valuations in global markets, the implications of heightened Western inflation, the ongoing ramifications of the US’ seizure of Russia assets, the opportunity in gold stocks, the consequences of Australia’s energy policies and much more.We hope you enjoy this one as much as we did.Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Discounted tickets available for AUSIMM Underground Operators conference exclusively via Money of Mine. Get $100 off using the code MOM100.Adelaide, 7 - 9 April 2025 (Matty will be there in full conference mode) Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor https://www.mineralminingservices.com.au/join-us/ - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au Sandvik Ground Support – The only ground support you’ll ever need http://www.rocktechnology.sandvik/groundsupport CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling drew@k-drill.com.au - +61 416 015 876 WA Water Bores – WA’s premier water well drilling company James@wawaterbores.com.au - +61 429 695 538 Swick - Seventeen million metres drilled. Twenty-plus global sites. Ninety rigs.  rob.burnett@swickmining.com - +61 8 6253 2310 Quattro Project Engineering - Global Engineering partnerships delivered with efficiency, innovation and energy info@quattrope.com - +61 8 9373 1140 Cross Boundary Energy – Independent Power Producer for the global mining industry tim.taylor@crossboundary.com - +61 466 184 943   Money of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Introduction(0:02:18)Temperature of broarder market(0:17:41)Australian opportunities(0:23:25)Interest rate predictions(0:26:38)US defecit(0:33:55)Gold bull market(0:39:14)When wil the top end?(0:41:10)Gold M&A review(0:44:40)Black Cat and Catalyst(0:47:47)North American gold value(0:49:00)Energy thematic(0:55:10)Offshore energy services(1:02:45)Changing investment philosophies(1:06:05)Poor governance in Australia(1:08:11)Podcast, books and newsletter recommendations

It’s a gold day today.From M&A to production woes, we covered it all in the show, picking apart the intricacies of Gold Fields approach for its JV partner Gold Road, as well as were the suspected production downgrade will leave Bellevue. Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Discounted tickets available for AUSIMM Underground Operators conference exclusively via Money of Mine. Get $100 off using the code MOM100. Adelaide, 7 - 9 April 2025 (Matty will be there in full conference mode) Discounted tickets available for Global Resources Innovation Expo (GRX) exclusively via Money of Mine.  Austmine and AusIMM Members enter code MOM at checkout for $190 off your registration. Non-members enter code MOMNM at checkout for $160 off your registration. Brisbane, 20 - 22 May, 2025 Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor https://www.mineralminingservices.com.au/join-us/ - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au Sandvik Ground Support – The only ground support you’ll ever need http://www.rocktechnology.sandvik/groundsupport CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling drew@k-drill.com.au - +61 416 015 876 WA Water Bores – WA’s premier water well drilling company James@wawaterbores.com.au - +61 429 695 538 Swick - Seventeen million metres drilled. Twenty-plus global sites. Ninety rigs.  rob.burnett@swickmining.com - +61 8 6253 2310 Quattro Project Engineering - Global Engineering partnerships delivered with efficiency, innovation and energy info@quattrope.com - +61 8 9373 1140 Cross Boundary Energy – Independent Power Producer for the global mining industry tim.taylor@crossboundary.com - +61 466 184 943   Buy Money of Mine MERCH Money of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Introduction(0:01:29)Setting the Gold Fields-Gold Road scene(0:04:18)GFI's strategy(0:14:52)Valuation(0:25:47)What next for Gold Road(0:38:26)Bellevue's potential downgrade(0:44:05)Are the problems short-term?

Today’s show is a bit different. We thought we’d give ourselves a history lesson and explore the costliest M&A mistakes in our industry.Our aim was to understand what went wrong, why things went south and what mining companies and investors alike can learn so that we allocate capital better going forward.Sign-up for the Director’s SpecialPlease read our Privacy Policy and Disclaimer hereDiscounted tickets available for AUSIMM Underground Operators conference exclusively via Money of Mine. Get $100 off using the code MOM100.Adelaide, 7 - 9 April 2025 (Matty will be there in full conference mode)Discounted tickets available for Global Resources Innovation Expo (GRX) exclusively via Money of Mine. Austmine and AusIMM Members enter code MOM at checkout for $190 off your registration.Non-members enter code MOMNM at checkout for $160 off your registration. Brisbane, 20 - 22 May, 2025Thank you to our Partners:Mineral Mining Services – Your preferred mining contractorhttps://www.mineralminingservices.com.au/join-us/ - 1300 546 117Grounded - Infrastructure for remote mining and civil projects Australia widePaul Natoli - pn@groundedgroup.com.auSandvik Ground Support – The only ground support you’ll ever needhttp://www.rocktechnology.sandvik/groundsupportCRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectorsdavidh@creinsurance.com.au - +61 2 9493 6100K-Drill – Safe, reliable, and productive surface RC drillingdrew@k-drill.com.au - +61 416 015 876WA Water Bores – WA’s premier water well drilling company James@wawaterbores.com.au - +61 429 695 538 Swick - Seventeen million metres drilled. Twenty-plus global sites. Ninety rigs. rob.burnett@swickmining.com - +61 8 6253 2310 Quattro Project Engineering - Global Engineering partnerships delivered with efficiency, innovation and energy info@quattrope.com - +61 8 9373 1140 Cross Boundary Energy – Independent Power Producer for the global mining industry tim.taylor@crossboundary.com - +61 466 184 943  Money of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Intro(0:01:53)What's the criteria?(0:04:08)How were the deals ranked(0:05:47)Deal 5: An Island Adventure(0:18:55)Deal 4: Wanna be a Copper Champ(0:35:16)Deal 3: Don't Worry, We've Done the DD(0:50:35)Deal 2: In a Land Far Far Away…(1:05:33)Deal 1: Commodities are Higher Forever, Right?(1:18:41)What are THE lessons to learn

Shortly before we pressed record, Gold Fields came out swinging with a hostile offer for Gold Road… Needless to say that got us chatting.We then touched on Bellevue’s down day before moving on to The Battle for Robe Mesa, as parties from Rio Tinto to Fenix trip over for the iron ore project in a fascinating fight.Lastly, a non-core sale at Cyprium grabbed our attention and took us down an intriguing path.Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Discounted tickets available for AUSIMM Underground Operators conference exclusively via Money of Mine. Get $100 off using the code MOM100. Adelaide, 7 - 9 April 2025 (Matty will be there in full conference mode) Discounted tickets available for Global Resources Innovation Expo (GRX) exclusively via Money of Mine.  Austmine and AusIMM Members enter code MOM at checkout for $190 off your registration. Non-members enter code MOMNM at checkout for $160 off your registration. Brisbane, 20 - 22 May, 2025Thank you to our Partners:Mineral Mining Services – Your preferred mining contractorhttps://www.mineralminingservices.com.au/join-us/ - 1300 546 117Grounded - Infrastructure for remote mining and civil projects Australia widePaul Natoli - pn@groundedgroup.com.auSandvik Ground Support – The only ground support you’ll ever needhttp://www.rocktechnology.sandvik/groundsupportCRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectorsdavidh@creinsurance.com.au - +61 2 9493 6100K-Drill – Safe, reliable, and productive surface RC drillingdrew@k-drill.com.au - +61 416 015 876 WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au - +61 429 695 538 Swick - Seventeen million metres drilled. Twenty-plus global sites. Ninety rigs.  rob.burnett@swickmining.com - +61 8 6253 2310Quattro Project Engineering - Global Engineering partnerships delivered with efficiency, innovation and energyinfo@quattrope.com - +61 8 9373 1140Cross Boundary Energy – Independent Power Producer for the global mining industrytim.taylor@crossboundary.com - +61 466 184 943  Money of Mine MERCHMoney of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Intro(0:01:49)Gold Fields Swings Big for Gold Road(0:06:12)Bellevue Cancels Roadshow(0:07:20)The Battle for Robe Mesa(0:28:20)More than meets the Eye at Cyprium sale?

Today’s episode is a unique conversation with special guests Russell “Rusty” Delroy of Nero Resource Fund & Brice Gower of Augment Technologies.We explore completely new terrain, exploring how the technological megatrends on foot today (think AI and robotics) could totally upend the mining industry as we know it. And we explore the investment themes that come from that big-picture view. This episode goes deep and we explore some lateral concepts – but trust us, it’s worth it.AI is the defining technology of our era, and its implications are not limited to the digital world.Our discussion traverses how nimble governments need to be in this age, how disruption will vary across mineral assets, what consumerism looks like in a cheap metal world and who’ll be first to take advantage of this paradigm shift.Intro Music: Here Come the Robots by Stoned Jesus Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Discounted tickets available for AUSIMM Underground Operators conference exclusively via Money of Mine. Get $100 off using the code MOM100.Adelaide, 7 - 9 April 2025 (Matty will be there in full conference mode) Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor https://www.mineralminingservices.com.au/join-us/ - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au Sandvik Ground Support – The only ground support you’ll ever need http://www.rocktechnology.sandvik/groundsupport CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling drew@k-drill.com.au - +61 416 015 876 WA Water Bores – WA’s premier water well drilling company James@wawaterbores.com.au - +61 429 695 538 Swick - Seventeen million metres drilled. Twenty-plus global sites. Ninety rigs.  rob.burnett@swickmining.com - +61 8 6253 2310 Quattro Project Engineering - Global Engineering partnerships delivered with efficiency, innovation and energy info@quattrope.com - +61 8 9373 1140 Cross Boundary Energy – Independent Power Producer for the global mining industry tim.taylor@crossboundary.com - +61 466 184 943 (0:00:00)Introduction(0:03:16)AI - The big thematic(0:11:55)What industries are vulnerable(0:22:45)What does a future mine look like?(0:41:40)What changes on the mining investment front?(0:47:40)When did the penny drop for Rusty?(0:55:55)Model innovations(0:58:50)The data(1:06:19)Final thoughts

Plenty to riff on today, starting with the Kazatomprom’s full year numbers then moving to Capricorn’s decision to close out its hedgebook.That led us to a broader chat on gold industry hedges as well as a focus on Bellevue and their ramp up pressure.We rounded off with a chat MinRes’ woes, Catalyst selling Henty & potential M&A.Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Discounted tickets available for AUSIMM Underground Operators conference exclusively via Money of Mine. Get $100 off using the code MOM100. Adelaide, 7 - 9 April 2025 (Matty will be there in full conference mode) Discounted tickets available for Global Resources Innovation Expo (GRX) exclusively via Money of Mine.  Austmine and AusIMM Members enter code MOM at checkout for $190 off your registration. Non-members enter code MOMNM at checkout for $160 off your registration. Brisbane, 20 - 22 May, 2025 Tickets to Resource Rising Stars Gather Round Adelaide Convention Centre, 9-11 April, 2025 Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor https://www.mineralminingservices.com.au/join-us/ - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au Sandvik Ground Support – The only ground support you’ll ever need http://www.rocktechnology.sandvik/groundsupport CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drillingdrew@k-drill.com.au - +61 416 015 876WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au - +61 429 695 538 Swick - Seventeen million metres drilled. Twenty-plus global sites. Ninety rigs. rob.burnett@swickmining.com - +61 8 6253 2310Quattro Project Engineering - Global Engineering partnerships delivered with efficiency, innovation and energyinfo@quattrope.com - +61 8 9373 1140Cross Boundary Energy – Independent Power Producer for the global mining industrytim.taylor@crossboundary.com - +61 466 184 943(0:00:00)Introduction(0:02:06)What KAPs numbers mean for U(0:13:57)Why did Capricorn close their hedges(0:28:04)Goldies: Hedged vs Unhedged(0:38:23)Bellevue: Ramp up on a tight rope(0:43:00)MinRes close the road(0:46:18)Catalyst offload Henty(0:48:00)Mining M&A speculation

Today’s show is a discussion with the king of deep value, Trader Ferg.We look at where the various markets he tracks are at in their cycles, which metals are screaming out to him and how he plays them, and how misunderstood China is, amongst many topics. Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Discounted tickets available for AUSIMM Underground Operators conference exclusively via Money of Mine. Get $100 off using the code MOM100. Adelaide, 7 - 9 April 2025 (Matty will be there in full conference mode) Discounted tickets available for Global Resources Innovation Expo (GRX) exclusively via Money of Mine.  Austmine and AusIMM Members enter code MOM at checkout for $190 off your registration. Non-members enter code MOMNM at checkout for $160 off your registration. Brisbane, 20 - 22 May, 2025 Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor https://www.mineralminingservices.com.au/join-us/ - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au Sandvik Ground Support – The only ground support you’ll ever need http://www.rocktechnology.sandvik/groundsupport CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling drew@k-drill.com.au - +61 416 015 876WA Water Bores – WA’s premier water well drilling companyJames@wawaterbores.com.au - +61 429 695 538Swick - Seventeen million metres drilled. Twenty-plus global sites. Ninety rigs. rob.burnett@swickmining.com - +61 8 6253 2310Quattro Project Engineering - Global Engineering partnerships delivered with efficiency, innovation and energyinfo@quattrope.com - +61 8 9373 1140Cross Boundary Energy – Independent Power Producer for the global mining industry tim.taylor@crossboundary.com - +61 466 184 943  Money of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Introduction(0:01:53)Moats and Cannibals(0:08:14)Highly inflationary decade(0:12:25)US growing their way out of debt(0:15:20)PGMs, Rhodium and catalytic converters(0:28:15)BYD growth(0:34:48)Tin barons(0:37:15)New cobalt trust(0:39:18)The uranium cycle(0:52:45)Chinese tech and property(1:00:27)Is GOLD going to be re-valued?

Excitement fills the air as Ramelius and Spartan join forces, reshaping the mining industry in Western Australia. The discussion dives into the financial impact of this merger and its strategic motivations. Meanwhile, there's a buzz about rising stock prices in the gold market and potential acquisition targets. Insight into shareholder dynamics reveals how corporate strategies evolve amid competitive pressures. The podcast wraps up with a closer look at the gold commodities market and the implications for future exploration and investments.

Guy Keller, a leading uranium bull at Tribeca Funds Management, shares his expertise on the uranium market's current dynamics. He dives into the surprising short-interest in uranium stocks and the implications for investors. Keller discusses EnCore's recent 50% drop and shares valuable insights on portfolio management strategies. The conversation touches on pricing challenges influenced by regulatory factors, as well as the intricate dynamics of uranium drilling and contracting. His seasoned perspective sheds light on the evolving landscape and opportunities within the sector.

There was plenty for us to explore today, starting with Boss Energy’s dealing with Laramide.We then explored the potential for First Quantum to restart Cobre Panama, before moving south to Solgold on the news that Jiangxi now holds 12% of their stock.Lastly, we touch on the WA gold space following Ora Banda’s latest drill success. Sign-up for the Director’s Special Please read our Privacy Policy and Disclaimer here Discounted tickets available for AUSIMM Underground Operators conference exclusively via Money of Mine. Get $100 off using the code MOM100.Adelaide, 7 - 9 April 2025 (Matty will be there in full conference mode) Thank you to our Partners: Mineral Mining Services – Your preferred mining contractor https://www.mineralminingservices.com.au/join-us/ - 1300 546 117 Grounded - Infrastructure for remote mining and civil projects Australia wide Paul Natoli - pn@groundedgroup.com.au Sandvik Ground Support – The only ground support you’ll ever need http://www.rocktechnology.sandvik/groundsupport CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors davidh@creinsurance.com.au - +61 2 9493 6100 K-Drill – Safe, reliable, and productive surface RC drilling drew@k-drill.com.au - +61 416 015 876 WA Water Bores – WA’s premier water well drilling company James@wawaterbores.com.au - +61 429 695 538 Swick - Seventeen million metres drilled. Twenty-plus global sites. Ninety rigs.  rob.burnett@swickmining.com - +61 8 6253 2310 Quattro Project Engineering - Global Engineering partnerships delivered with efficiency, innovation and energy info@quattrope.com - +61 8 9373 1140 Cross Boundary Energy – Independent Power Producer for the global mining industry tim.taylor@crossboundary.com - +61 466 184 943   Buy Money of Mine MERCH Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group. Money of Mine on YouTube, Twitter, LinkedIn & Instagram(0:00:00)Introduction(0:01:20)Boss creep up on Laramide(0:07:16)When will First Quantum restart Cobre Panama?(0:20:57)Will someone finally buy Solgold's Cascabel(0:34:18)What does drillbit success mean for OBM