focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
#UOG "Abu Sennan concession, I think, for our shareholders, it will be a material value trigger over the years ahead. Over the last 18 months, assets were producing 1000 barrels net-net to us, we are now pushing 3000 barrels net-net to us
https://www.mining.com/la-mancha-launches-1-4-billion-gold-mining-fund/
It will look into junior miners and encourage further consolidation through mergers and acquisitions. It will also seek to improve the environmental, social and governance performance of the sector and broaden its appeal.
“Creating a fund is the natural consequence of what we have been doing since we vended-in our operational assets into Evolution and Endeavour in 2015,” Naguib Sawiris, Chairman of La Mancha’s board, said in the statement.
“Transitioning to a fund structure and welcoming new investors is timely when we are seeing opportunities in a gold mining sector which is fragmented and needs further consolidation,” he said.
There is usually a lock in period to stop alba selling and forcing listco sp down
So if listco is seen as attractive give assets and news on ilmenite, graphite etc listco price may rise
This in turn increases the value od the alba holding
And visca versa
So current Alba shareholders dont lose while Alba owns the listco shares and should benefit initially is as proposed the greenland assets are undervalued while part of Alba.