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LEVRD episodes
- Channel Mine News – BHP + PLS massive results, MACA takeover battle, Strike developing Walyering.
This episode of Channel Mine News is sponsored by Precision Funds Management. Check them out at https://www.precisionfm.com.au/
Welcome to another week of Channel Mine News and as per usual, we are joined by Tony Kenny, Tim Weir and Andy Clayton from Precision Funds Management. The lads have once again delivered some great insight into the hot topics within the Mining Investment scene.
Spread the word about Channel Mine News as it is rapidly becoming the nations go to source for Mining Investment News (in true Life Of Mine style).
Topics discussed:
– Pilbara Minerals and BHP massive results
– Strike Energy developing Walyering gas field
– Takeover tug of war for MACA
– SRG secures Sydney Tower contract
– Austin Engineering buy Mainetec bucket company
– Cobre and Magmatic Resources Copper bolters
– Punter questions from Ride the Wave Investing group
57 min - Listener questions from Ride The Wave
Few great questions from members of the Ride the Wave Investing chat group.
13 min - Pilbara Minerals first ever full year profit
Pilbara Minerals (ASX:PLS)
– First ever full year profit– Full-year after-tax profit of $561.8 million (FY2021: statutory loss of $51.4M)– 577% increase in sales revenue in FY22 to approximately $1.2 billion, up from $175.8 million in FY21.9 min - Takeover tug of war for MACA between NRW and Thiess
MACA limited (ASX:MLD)
– NRW made bid consisting of 50% cash and 50% scrip, deemed to be less superior than Thiess bid (required due diligence and didn’t lock in scrip value)– Thiess offer to acquire all of your MACA Shares for A$1.025 cash per MACA Share (no Due Diligence required)
7 min - BHP massive results and OZL takeover update/thoughts
BHP (ASX:BHP)
– US$23.8 billion underlying attributable full year profit which blew analysts forecast out of the water and resulted in a US$8.9 billion dividend or US$1.75 per share (full year US$3.25)– 2nd largest annual dividend of any global public company (2nd to Microsoft).
– Leading the charge was the iron ore division which has grand plans to creep up production by 10% to 300mtpa and ultimately 330mtpa.
9 min - Strike Energy – Walyering being developed after 9 months
Strike Energy (ASX:STX)
– The Walyering gas field has been sanctioned for development in only 9 months from its announced discovery. (55% Strike, 45% Talon Energy)– Walyering will now transition into construction with a gross $14.4 million budgeted development cost.– Commissioning gas is expected to enter the upstream facility by the end of CY22 with first gas sales targeted in Q1/23.– Strike has secured $10 million from Macquarie Bank Limited to fund its $7.9 million share of the development costs.7 min - ASX Bolters – Cobre and Magmatic Resources
Cobre (ASX:CBE)
– Market cap hits triple figures based on 4 massive Copper intersections in Botswana
– Infill Drilling program commencing
Magmatic Resources (ASX:MAG)
– Visible Copper Sulphides Intersected Over 740m Interval at Myall
6 min - AUSTIN ENGINEERING + SRG GLOBAL – Bit of activity in the Mining Services sector
SRG Global (ASX:SRG)
– Secures contract for NSW tower
– Underlying FY22 EBITDA of $57.2m, up 22%
AUSTIN ENGINEERING LIMITED (ASX:ANG)
– Acquired Mainetec for $19.6m (bucket company)
4 min - Making Underground Mining easy – Drillcube
Jason Wasley, founder of Drillcube comes on for another yarn to give everyone an update on Drillcubes rapid expansion.
Drillcube is a vertically integrated Mining Services business that aims to deliver products that help execute every stage of the Underground Mining cycle. They warehouse on site and cover a massive range of products, all in:
– 1 Invoice
– 1 Picking Slip
– 1 Purchase Order
Say goodbye to dealing with multiple suppliers, Drillcube covers the lot.
For more information, head to www.drillcube.com
29 min - Hon. Bill Johnston – Minister for Mines and Petroleum
The Hon. Bill Johnston has come on for another yarn to give listeners an update on the WA Mining industry. We had a great chat about the big topics and issues in the Aussie Mining landscape, namely:
- WA Critical Minerals prospectus
- Exploration Incentive Scheme (EIS)
- Future Battery Industries Cooperative Research centre (FBICRC)
- WA EV charging investment
- Downstream Processing in WA
- Hydrogen Industry
- Gender Quotas
- Generational culture change towards Woman in Mining
47 min
About LEVRD
From the publisher's feed
LEVRD gives exclusive access to a Mining Engineer /Jumbo Operator running a personal Resources hedge fund using CFD's. Listen to the celebrations and blowups of trading stocks for a living.