Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://youtu.be/8yi-ne3Gtos?si=k_j4zb_SdEn6A4vb
A PREM presentation regarding Kamativi. But makes some interesting points about the demand for Spodumene and the processing of lithium for anyone interested.
Https://www.mining.com/web/exposing-the-copper-surplus-myth/
If the deal is good for Luansobe then an argument could be made for selling it. But after listening to the JLP presentation earlier, the oxides and mixed ores seem ideal for the JLP modular process. The Chinese concentrators wouldn't have that ability, so agreeing terms must be difficult. And the very steep drop in lithium prices and falling sentiment makes that harder to finalise from the sounds of it.
Thanks for your thoughts Iky. No one should ever invest based on what's said on an anonymous bulletin board.
But, like others, it would be nice if Colin could do a deal. But as you pointed out, the spod prices are poor and it seems there will be over supply due to the poor car sales etc. Saying that, the same is true with copper. Then the Panamanians and Peruvians kick up a fuss so who knows.
The Chinese will play the long game, buy up assets on the cheap where possible and bargain hard. But they also need ore for their new concentrators. Fingers crossed.
Using the gold revenues at Manica to go on an exploration punt in Zambia is not creating shareholder value. I think NW Zambia has good exploration potential and worth a look. Equally l know it is nothing more than a dream/hope/educated gamble - pick your choice - at this very early stage.
The unions are calling for an indefinite strike at MMGs Las Bambas mine. With FQ also having problems in Panama it could send copper prices higher. Helpful for us if we need to cash in our Sandfire shares.
Https://investingstrategy.co.uk/financial-news/is-the-aim-market-an-unregulated-mess/
Worth a read during var
https://www.mining.com/web/how-canada-and-bay-street-squandered-the-chance-to-finance-the-critical-minerals-revolution/
Https://www.mining.com/ev-metals-demand-drives-anglo-americans-quest-for-lithium/
If the Chinese play hard ball then Colin could give AA a ring. Fortunately for us it's a competitive market out there and we are in no rush.
Colin has good experience of being outplayed by the Chinese at XTR with the Manica gold project. Star Zinc and various other projects including at JLP has shown poor due diligence imho. Hopefully he will be patient and fight our corner. And thanks for the update.
Agree. I would certainly want a special dividend paid in the event a project is sold. It is too easy to go chasing more and more projects and we know every hole in the ground "will" produce the next Mt Isa, Kamoa etc ..... There needs to be some discipline and focus on shareholder returns as well. As FQ are finding in Panama, the risks are significant even for the majors.
Ana, I think you are making a very good point regarding other companies, including those in the CB stable. BZT and AFP have good copper deposits. But what are they worth ?. If Luansobe is sold, then there will be a yardstick to compare them to. Whereas the 1% in ground value will never happen (inmo) as we are not a forced seller, do we say 3% or 5% etc etc.