RE: M & A19 Jun 2026 23:21
Here are my thoughts: [1] For Peak Hills [plural] , just like for Boulder at Peak Hill [singular], they want to send the ore to the plant. Here, Forgent's Ed Mead has work to do to try to prove up further extensions to the historical results. If the drill results are decent, they hope to also sell the project as there is M & A in this space. Pretty obvious. From the Great Boulder website, they show Peak Hill 2012 JORC consists of 5 deposits and exploration targets: "35,000 oz of gold at Jubilee, Enigma 41,000 ozs of gold, Harmony 62,000 ozs of gold, Durack 112,000 ozs of gold & Fiveways with 230,000 ozs of gold." Link: https://www.greatboulder.com.au/our-projects/peak-hill-project/ These are very small deposits but they can work since it is trucked to the plant fur paying A$58m is quite something for some 400k ozs of gold approximately.
[2] Mt Scholl: If Forgent had arranged to buy or option in, post the G7 announcment and the prices of copper and nickel at a very good price, I dont think Raiden would have accepted the low price if one looks at the other M & A like Charger which only sold 1 LICENCE without any resource on it. For Mt Scholls, I now Ed Mead like to see what the neighbour is doing near their boundary as he tweeted in the past: HAVIERON is heading to our ARTEMIS BOUNDARY and I can see them from our licence boundary. So, since he DROPPED "SQM" all of a sudden into the Mt Scholl presentation, again, he is not saying but there is more to the lithium space since prices have picked up again. Again, SQM is on the DOORSTEP of FORGENT'S MT SCHOLL. What does Forgent intend to do with Mt Scholl other than trying to EXTEND the exploration of the mineralisation via the STRIKE but I gather it is also OPEN at depth and this is where the RESOURCE can increase with depth. Azure's depth was 620-800m for their lithium pegmatites which SQM & Gina Rinehart bought for billions. Forgent does not have lithium rights at Mt Scholl but how does one seperate the lithum from the copper and nickel plus PGE's if they intertwine? So, is M & A the exit strategy? One to ask James Parson, CEO of Forgent. But suffice to say, they are doing their best to increase value by working from a shoe string and not buying 400,000 ozs of gold for A$58m and raising $40m in 2 tranches from institutions etc.