RE: Due Diligence is DONE - The clock is ticking - executing a final contract for sale2 Nov 2021 19:02
The Paris agreement is what lead me here TheBeastofBodmin. After the announcement of it i began researching for viable needed assets, it brought me ultimately to the PGM, Copper and Nickel cluster in Murmansk.
First i followed a trail to Norilsk, but ultimately found Eurasia as an absolute tiddler, but, with huge potential to secure the areas back that it once held in their Anglo JV and become a mining giant for needed metals.
There were loads i had found and made a list at the time, then shortened it down as my research evolved and i got a far better idea of the wider picture and the revolution which looked to be setting up.
Hours and hours of research, it was quite hard looking at something i had never looked at before, but, i just persevered with it all until i was confident about what i was going to put my money into to try and help.
ESG etc was almost just a myth that you heard whispered in the wind and even now it's still very new, just picking up pace.
Mining has to be one of the hardest areas to look at from an ESG perspective, your initial thoughts are usually along the lines of 'it's mining it's damaging the environment', but, the ultimate circular economy can only be achieved by mining the right metals, my though process then changed to 'mine once and recycle thereafter'. Concentrate on the miners that have strong chances of implementing ESG into their plans going forward.
My advice to anyone who is looking at further miners after this or even alongside is to ensure funding is in place, or, funding to production isn't extremely large and could end up being the elephant in the room. The reason i say that is because i've witnessed some companies dilute like crazy to keep the lights on at the expense of its shareholders due to not having a proper financial plan in place, i've also seen one totally fail due to not securing stage 2 financing, many saw that with SXX.
Anyway, going forward, i wish everyone the best of luck with all of their investing, their health and their families, it's very tough times we all find ourselves in at the moment, hopefully this decade changes a great deal from all of us working together for the greater good.
Koka Kola's all round!
GLA
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