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 fr…
Listener questions from Ride The Wave
Few great questions from members of the Ride the Wave Investing chat group.
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.
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…
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 publ…
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 d…
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
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)
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 U…
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 Incenti…
Channel Mine News – 11th Aug
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This episode is sponsored by the Go-To Mining Consultant, Entech Mining. Give them a follow on Linkedin at the Entech Linkedin Page
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Future Takeovers/Mergers – Predictions from Precision Funds Management + Matty
Buy all your Life Of Mine Merch here ► https://lifeofminepodcast.com/shop/
…………………………………………………………………………………………………..
This episode is sponsored by the Go-To Mining Consultant, Entech Mining. Give them a follow on Linkedin at the Entech Linkedin Page
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