This is a bonus episode today Money Miners. Matty managed to come into the studio early on his birthday for it too. It's juicy - Tribeca has gone activist on Glencore and Ben Cleary has dialled in.

Ben is portfolio manager of the natural resources fund at Tribeca Investment Partners and outlines why they’ve launched an activist campaign on mining & trading giant Glencore (GLEN). 

He pulls apart the thesis, centred on not demerging any assets, listing on the ASX, revitalising capital returns via dividends & selling a minority stake in the trading unit. 

 All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.   Thank you to our Podcast Partners:   VRIFY – Communicate in 3D grant@vrify.com   GetWet Solutions – Innovative Bladder Tanks Storage for mobile Water storage on your Mine Site Matt.hall@getwetsolutions.com.au   DSI Underground – Ground Support gurus https://www.dsiunderground.com/contact   SMEC Power & Technology – Electrical experts sales@smelectrical.com.au   Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more seamus@anytimees.com   KCA Site Services – Underground mining machine admin@kcasiteservices.com.au   Brooks Airways – Perth’s leading charter flight operators ops@brooksairways.com   K-Drill – Safe, reliable, and productive surface RC drilling  ryan@k-drill.com.au   Buy your Money of Mine MERCH here   Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group.   Subscribe to our weekly newsletter HOOTEROO HERALD   Money of Mine on YouTube   Money of Mine on Twitter   Money of Mine on LinkedIn   Money of Mine on Instagram

(0:00:00)Introduction

(0:00:55)GLEN's multiple compression

(0:02:41)Retaining the Coal Assets

(0:09:57)Listing on the ASX

(0:13:22)Why Australia'smakes sense for dividends 

(0:19:50)Realising the trading unit's value

(0:30:19)Is Glencore coming to the party?



Ben Cleary on Why Tribeca has just gone Activist on Glencore (BONUS EP)

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We’re straight into the shorts today, chatting through a heap of the most shorted ASX miners and pondering why.

 Then, we delved into the EU’s latest attempts to support its auto-makers by ratcheting up tariffs on Chinese made vehicles, before we picked through who could buy Spartan (SPR) on the back on its run.

 Big copper producer MMG have been making some fascinating moves in capital markets which drew us in, and to round off we discussed Galena (G1A) and Hastings (HAS) tough journey. 

 Sign-up for the Director’s Special   All information in this podcast is for education and entertainment purposes only and is of general nature only.   The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.   MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate.   MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.   Thank you to our Partners:   VRIFY – Communicate in 3D   grant@vrify.com   GetWet Solutions – Innovative bladder tanks for mobile water storage   Matt.hall@getwetsolutions.com.au - +61 475 627 569   DSI Underground – Ground support gurus   https://www.dsiunderground.com/contact   Silverstone – Energy solutions for your business   kenny@sstone.com.au   CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors   davidh@creinsurance.com.au - +61 2 9493 6100   WA Water Bores – WA’s premier water well drilling company   James@wawaterbores.com.au - +61 429 695 538   Brooks Airways – Perth’s leading charter flight operators   ops@brooksairways.com – 1300AIRWAY   K-Drill – Safe, reliable, and productive surface RC drilling   ryan@k-drill.com.au   We use SPARK - Market data for active ASX Traders - https://sparktrader.com   Buy Money of Mine MERCH   Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group. 
 Money of Mine on YouTube & Twitter

(0:00:00)Introduction

(0:01:29)ASX's most hated stocks

(0:11:55)EU says NO to Chinese EVs

(0:19:27)Why $SPR get taken?

(0:36:52)MMG get BUSY

(0:43:42)HAS & G1A's long road

Why are these miners so hated?

We sat down with Stephen Wood of Eiger Capital to chat through his views on the world of resources.

 Stephen has been invested in a host of companies across many commodities that we love to chat about, from goldies to iron ore, and uranium to rare earths. 

 He’s got a philosophy on picking miners coming to production in a bullish market which we got a kick out of debating with him.

 Sign-up for the Director’s Special   All information in this podcast is for education and entertainment purposes only and is of general nature only.   The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.   MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate.   MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.   Thank you to our Partners:   VRIFY – Communicate in 3D   grant@vrify.com   GetWet Solutions – Innovative bladder tanks for mobile water storage   Matt.hall@getwetsolutions.com.au   DSI Underground – Ground support gurus   https://www.dsiunderground.com/contact   Silverstone – Energy solutions for your business   kenny@sstone.com.au   CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors   davidh@creinsurance.com.au   WA Water Bores – WA’s premier water well drilling company   James@wawaterbores.com.au   Brooks Airways – Perth’s leading charter flight operators   ops@brooksairways.com   K-Drill – Safe, reliable, and productive surface RC drilling   ryan@k-drill.com.au   Buy Money of Mine MERCH   Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group.   Money of Mine on YouTube, Twitter, LinkedIn & Instagram

(0:00:00)Introduction

(0:01:27)Iron ore mirrors lithium

(0:21:40)Lynas & MP tie up?

(0:29:02)Iluka's funding gap

(0:32:57)Will BGL raise cash?

(0:39:41)BGL growth

(0:41:48)Why hold Deterra?

(0:46:48)The Uranium market

(1:04:45)Backing Whitehaven



When to pick miners (Stephen Wood Interview)

We’ve got plenty of stories from around the grounds, starting with 29Metals (29M) finalising their offtake financing, then onto Southern Cross (SXG) & Mawson Gold (MAW.t) tying the knot.

 MinRes (MIN) seem to have pushed their $200m Red Hill (RHI) payment down the road a touch, while oil & gas M&A; rumours are in the air.

 Bannerman (BMN) knocked out more study numbers while AIC Mines (A1M) hit their FY24 guidance and Spartan (SPR) shared further gold hit. To wrap up, we had some word on the decline regarding BHP’s Nickel West (BHP). 

 Sign-up for the Director’s Special   All information in this podcast is for education and entertainment purposes only and is of general nature only.   The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.   MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate.   MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.   Thank you to our Partners:   VRIFY – Communicate in 3D   grant@vrify.com   GetWet Solutions – Innovative bladder tanks for mobile water storage   Matt.hall@getwetsolutions.com.au - +61 475 627 569   DSI Underground – Ground support gurus   https://www.dsiunderground.com/contact   Silverstone – Energy solutions for your business 
 kenny@sstone.com.au 
 CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors 
 davidh@creinsurance.com.au - +61 2 9493 6100 
 WA Water Bores – WA’s premier water well drilling company 
 James@wawaterbores.com.au - +61 429 695 538 
 Brooks Airways – Perth’s leading charter flight operators 
 ops@brooksairways.com – 1300AIRWAY 
 K-Drill – Safe, reliable, and productive surface RC drilling 
 ryan@k-drill.com.au

 We use SPARK - Market data for active ASX Traders - https://sparktrader.com

 Buy Money of Mine MERCH

 Join our exclusive Money Miners Facebook Group

 Money of Mine on YouTube

(0:00:00)Introduction

(0:01:01)29M - tell us the margin!

(0:04:43)Southern Cross & Mawson merger

(0:11:17)MinRes delay Red Hill payment

(0:14:35)O&G; deal rumours 

(0:17:52)More studies from BMN

(0:21:44)Guidance hit at A1M

(0:23:29)Gold hits at Spartan

(0:24:36)BHP Word on the Decline

Energy deal rumours heat up

Bonus ep time Money Miners.

 We sat down with 4 (3 in person, 1 virtually) UGC’s who earned their way onto the show through their phenomenal effort in sharing the Director’s Special newsletter.

 Chatting with these Money Miners, we ventured from exciting small caps to M&A; at the big end of town, from valuing gold in the ground to resource nationalism and plenty in between.

 It was a privilege to sit down & have this cracking conversation.    All information in this podcast is for education and entertainment purposes only and is of general nature only.   The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.   MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate.   MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.   Thank you to our Partners:   VRIFY – Communicate in 3D   grant@vrify.com   GetWet Solutions – Innovative bladder tanks for mobile water storage 
 Matt.hall@getwetsolutions.com.au - +61 475 627 569 
 DSI Underground – Ground support gurus 
 https://www.dsiunderground.com/contact 
 Silverstone – Energy solutions for your business 
 kenny@sstone.com.au 
 CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors 
 davidh@creinsurance.com.au - +61 2 9493 6100 
 WA Water Bores – WA’s premier water well drilling company 
 James@wawaterbores.com.au - +61 429 695 538 
 Brooks Airways – Perth’s leading charter flight operators 
 ops@brooksairways.com – 1300AIRWAY 
 K-Drill – Safe, reliable, and productive surface RC drilling 
 ryan@k-drill.com.au 
 We use SPARK - Market data for active ASX Traders - https://sparktrader.com 
 Buy Money of Mine MERCH 
 Join our exclusive Money Miners Facebook Group   Money of Mine on YouTube, Twitter, LinkedIn & Instagram

(0:00:00)UGCs on MoM

(0:05:10)Koala's final words on Anglo/BHP

(0:18:49)Optimality

(0:26:24)Processing balls ups

(0:38:03)KRM

(0:43:56)First Quantum

(0:54:59)Koala's picks

(1:01:30)Bryce vs Trav on blockchain

(1:17:35)Nexgen

Beers and Mining Smack Talk with 4 GCs

The Money Miners have long requested a small cap special, and we’ve done it.

 We brought on geological whiz Ahmad Saleem to help us navigate some hot regions, companies and commodity all across the world.

 First up we went to the Cobar to pick through the exploration hopeful, including AGC, PEX and TLM and more. Then, it was over to Africa, first in the Copper-belt looking at PSC and onto WIA and their Namibian gold ambitions. 

 Lastly, closer to home, we ventured to the West Arunta to look at WA1, ENR, CGR and RCR. 

 Sign-up for the Director’s Special   All information in this podcast is for education and entertainment purposes only and is of general nature only.   The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.   MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate.   MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.   Thank you to our Partners:   VRIFY – Communicate in 3D   grant@vrify.com   GetWet Solutions – Innovative bladder tanks for mobile water storage   Matt.hall@getwetsolutions.com.au - +61 475 627 569   DSI Underground – Ground support gurus   https://www.dsiunderground.com/contact   Silverstone – Energy solutions for your business   kenny@sstone.com.au   CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors   davidh@creinsurance.com.au - +61 2 9493 6100   WA Water Bores – WA’s premier water well drilling company   James@wawaterbores.com.au - +61 429 695 538   Brooks Airways – Perth’s leading charter flight operators   ops@brooksairways.com – 1300AIRWAY   K-Drill – Safe, reliable, and productive surface RC drilling   ryan@k-drill.com.au   We use SPARK - Market data for active ASX Traders - https://sparktrader.com   Buy Money of Mine MERCH   Join our exclusive Money Miners Facebook Group 
(0:00:00)Ahmad Saleem - Geological whiz

(0:03:17)What's cooking in the Cobar

(0:26:10)Is Zambia the next copper hot-spot?

(0:46:50)Have WIA got what it takes?

(0:56:14)The beautiful West Arunta

Ben Cleary on Why Tribeca has just gone Activist on Glencore (BONUS EP)

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