Street TalkAndrew Forrest eyes Tim Goyder’s Chalice stake; Jarden in tow
Dec 2, 2022 – 1.23pmIron ore billionaire Andrew Forrest likes the look of nickel developer Chalice Mining and is trying to get his hands on a sizeable chunk.
Fortescue Metals Group executive chairman Andrew Forrest. Trevor Collens
Street Talk can reveal Forrest has bid for Chalice shares owned by its former chairman Tim Goyder. Sources said Jarden was the broker behind Forrest’s approach.
That would be 8.8 per cent of the company, a nice toehold stake should Forrest choose to push for more. At $5.71 per Chalice share, Goyder’s shareholding is worth $189 million.
Goyder last chipped off his stake August, when he trimmed his holding by nearly two per cent to the 8.8 per cent it is currently at.
Chalice has a $2.1 billion market capitalisation. It has pitched its Julimar project in Western Australia as one of the largest recent nickel sulphide discoveries in the world as well as the largest PGE (platinum group elements) discovery in Australia.
Goyder popped on the Rich List this year, thanks to lithium developer Liontown Resources and nickel play Chalice Mining.
Goyder owns 15 per cent of Liontown, which has a $4.4 billion market capitalisation, in addition to the Chalice stake.
Street TalkAndrew Forrest eyes Tim Goyder’s Chalice stake;...
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