Member Info for Antroot

Amusing but if you read the link.

Newmont backs the takeover and so does bhp.

https://au.marketscreener.com/news/solgold-board-backs-sweetened-1-13-billion-takeover-bid-from-jiangxi-copper-ce7d50d8d18bf621#:~:text=SolGold's%20board%20said%20it%20%22would,deals%20in%20the%20mining%20industry.

Most gold majors aren't interested in undisciplined takeover wily nilly and have been selling non core assets and focusing on on their main core assets. This reduces jurisdiction risk and opex risk especially as the gold miners have down for decades.

Newmont if they wanted could go and JV with seabridge gold which has long mine life and safer jurisdiction. BHP though failed to takeover Anglo American but always has opportunities in Australia.

No other majors have signalled takeover bid interest.

And yes majors need backing for this project as the build out of this mine could take at least a billion dollars to construct and who knows if Ecuador decides to change terms and condition on the next election cycle.

Might be wrong but this is my opinion here.

The only way Chinese will be out of LATM is if trump decides to go hard on more doctrine monroe, and by acting like a pirate to say the Chinese have taken "our" assets.

Also if you are interested in reducing immigration to the UK. There are fundamentally 3 things you would need to look at. That is where majority of the UK budget is going. Pensions and healthcare and working age to pensioners payout ratio. Despite what pensioners say there is no money that goes specifically into a pension pot. Reeves have signalled she will increase by 4.8% in April as well, whilst wages are actually stagnating and more talented Brits are leaving to USA or Dubai etc.

Also in terms of refugees stuff it's a bit chaotic and lots are economic migrants but you would need to fundamentally change is the 1951 refugee convention which Britain was the key architect of. This would mean battling hordes of activists and lawyers and change what European values actually mean and Britain fundamentally being a small island will always have to look abroad to meet it's needs or it's lifestyle.

Do you know how much strategic silver they will start to stockpile because US has expanded strategic metals to about 60. It's starting to get a bit ridiculous.

Having said that only managed to collect about 10 ounces of silver in 2024, buying here and there. Did not expect a 🚀, which came out of nowhere. Was hoping it would crash a bit and consolidate to buy a bit more physical, but the premium + vat is such a killer.

In terms of miners, primarily silvers, cannot see most good ones. Though fresnilo and paas has already rocketed.

Could possibly put bit on vizla and eloro as a silver play. Latter has some tin as well.

Looking at alien metals, which is cheap and Elizabeth hill has really great grades but the management makes it look like a lifestyle company.

Wow, came here to hear about what's going on with company but hearing unfiltered opinions on UK society diatribes.

Frankly I would think some here would sell their sisters and grandmas for fistful of gold, especially the so called patriotic ones and gaslight others into some inane unnecessary conflicts.

Looks like this company will be acquired by the "less intelligent chinks" as 1 poster puts it.

I am probably expecting it to go lower, especially as Brent gets closer to less than 60, oil glut narrative and majors not really cutting back production. Trump being a pirate in Venezuela might show a bit of bounce but I expect with reduced production and erosion control still taking opex margin, it might be too soon to enter at the moment.

Nonetheless unlike other oil companies the management seems fiscally responsible.

Most oil companies just seems to love debt.

Humm I would think more like Colombia and Brazil.

If they can keep threaten Brazil, I think most of south America would be on notice but Brazil is no slouch.

Nicaragua with zero oil, and with hardly much military strength is not quite strategic enough but I suppose being smaller is prone to be bullied about and trump loves ppl grovelling at his feet.

Humm those guys avoided talking about Rio tinto deal.

Do companies usually pay them for interviews?

Looking at dupax protest here. Says the locals weren't properly consulted. In terms of people being harassed, employees or whoever might take on themselves to act liberally but the other side can also exaggerate anything.

Nonetheless, there are voices that needs to be heard and concerns assuaged, though there are groups who will be anti mining no matter what and thinks artisanal miners is a model that works best.

Ah yes you are right. Got mixed up.

Looking at the outstanding shares here is in excess of 3 billion. Is there news on share buybacks and I would think that it's more preferable then dividend payout until at least it's reduced a bit more.

Well wasn't that the mine they were having trouble with one of the local tribes where they had disagreements or at least it wasn't going to resolve itself.

I suppose jurisdiction is important, I would think b2gold is still undervalued just because of the gold mine being in Mali and the other advanced exploration in Colombia.

Aren't tullow on the verge of bankruptcy.? The price of oil has taken its toll on highly leveraged oil plays lately.

I think the Japanese wasn't an offtake interest but a test from matsui? To say the titanium meets the aerospace industry standards. So far though no offtake agreement signed as far as I know.

Nonetheless I would think there are plenty of bidders behind the scene, just because of 3 things the size of the asset, the grade and low cost to mine it and sovereign continues to derisk it.

risk remain here though, jurisdiction risk because Malawi is landlocked and the regulatory environment is in uncertain, I mean couple of years from now another set of government might have different ideas.

Also Malawi is poor, and the power supply is a constant risk as well. There might be conflict of interest of where the power from grid will go. Nonetheless Malawi isn't in some jihadi obsessed society on the verge of civil unrest and Lilongwe the capital is constantly busy with new buildings and expansion, so fairly ambitious in development.

Last year checked the milling ops they were up to, which was apparently meant to finish soon after. Now gold at 4kusd and they need further funds to operate it.

Like how do these miners keep staying in business, and keep draining out investor money.

Like they raise money and just go on holiday for 3 months?

Yes, I think that's is true, the Rio deal has caused slight headache or else can't really fault the team here from going towards exploration up to now has been fairly smooth.

The next challenge is the mine build out at a cost of what nearly 700 mil USD and first production near 2029, but will just say 2030, cause just to add the contingency of delay.

I am guessing the funding aspect will be the important part going forward

Anyway, video of the lab, analyzing some of the samples

https://youtu.be/jYBWBxhpkdY?si=Gn2IIG0PaeVk9nKK

If Rio does let go of this asset. I predict it might prove to be a mistake Or at least to the Europeans.

Because you have Rio wanting to pivot towards copper and lithium. I don't know why lithium because there are plenty of lithium miners that will come online including majors like Exxon who are experimenting with dle extraction and their Serbian site has strong local opposition.

The trouble is chinalco also would like more copper assets, they could perhaps sweeten the deal with titanium assets, which would be strategic for china as European markets rely on russian and the Chinese for titanium, both parties which Europe sees as toxic frenemies. And Chinese are quite aware of strategic advantages that metals can provide. Whilst there are boohas about the Japanese investment in Malawi with the recent RNS, the Chinese like the hunan sunwalk has been in talks about titanium extraction in Malawi for a while.

Https://www.mining.com/rio-tinto-targets-10b-assets-selloff-as-trott-resets-the-miner/

Looks like Rio tinto selling off titanium business. Would be a good time for the Chinese to make a bid here.

When they say they are going to release DFS q1, anybody knows of its start of q1 in January or at the end of march? Or it's just up in the air of who knows.

Tricky dicky I think also add in the 25% increase in cost apparently not added into the ASIC? Also they didn't expand on the some of the improvement at uis because of structural financial changes, which was a bit weird. Were they just giving out money willy nilly under admin cost?

We are in a low oil environment, the ASIC will go up once at 80-90 USD crude, which might be couple of years out after the supposed glut clears out but will eat at margin and Ant has said energy and water are also limitations on expansion.

ATM has already signalled that they will need further funding to the market and that of course means more funding via market dilution and possibly further loans at unfavorable interest rate.

whilst ATM has made progress, it has been one step forward, two steps back.

There are some immediate risks here which has left uncertain:

-get the higher grade ores but nobody knows when that litigation will sort out. Rns says it will be soon sorted but that doesn't mean anything.

-sales of lithium from pilot plant itself, but ant seems to have other plans and the DFS study might take another 6 months etc. so no sale from petallite.

I think personally will be drawing out funds from here and put into others until the issues are derisked and also if atm gets funding and what they do with it. If that means coming at higher price that's fine, as commodities should be in higher demand phase from 2030 onwards.

Sorry could you explain the first sentence, didn't quite catch what you meant?

Could you provide link about tungsten? Haven't heard of it. It was primarily copper, zinc and gold. No mention of tungsten anywhere.