Share
18,788 Posts.
lightbulb Created with Sketch. 3956
clock Created with Sketch.
08/04/22
12:22
Share
Originally posted by Chao88
↑
Hi Sabine
I’m also eagerly awaiting news on Carabella.
I’m not sure how much they will receive in royalties per annum from the bluff divestment, but as you say, if they could get 10M per annum in royalties there too that would be a nice cash bonus. I understand that bluff is expected to be mined for the next 5 - 6 years. That a nice little earner going forward.
The shares are escrowed for 12 months. I understand they finalised the sale of Bluff start of January so it’ll be Jan 23 before they can look at selling up and realising the gains there.
I did sell a tiny portion of my position at 87c with the recent small run up (My portfolio was too overweight in one stock) but will hold the rest for now.
Little bit disappointed there have been no news recently on contracts and that got me a bit worried. Hopefully their work in hand position is still solid.
Expand
Thanks Chao88 …
I had sold some of mine too when things started to improve (at close to break even after holding some time), but then got keen again on the strength $3M buy/sale yesterday and my pre-existing dangerous confirmation bias re a company sale, and this impelled me to acquire a few more again before @Saragian kindly arrived with his cautionary reading.
(..or was he just too frightened to refuse me?)
All that’s left of Carabella is the greenfields Grosvenor West project in Moranbah..
… Which may abut the Anglo American Grosvenor Mine in Moranbah?
That looks to be recently underway again after having have been shuttered for some time based on these reports;
https://www.abc.net.au/news/2022-02...-approvals-after-may-2020-explosion/100838518
https://safetowork.com.au/anglo-american-safely-restarts-mining-at-grosvenor/
If Grosvenor West is next door, I guess that would make Anglo American the most likely buyer?
cheers
Last edited by
sabine :
08/04/22