Ann: Completion of Compulsory Acquisition of Demetallica Limited, page-4

  1. 5,541 Posts.
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    I don’t know but imagining an impatient board & people behind our CEO. Who knows if they can come up with maybe significant dollars if the opportunity was ever ripe.
    Think they’ll cool their jets nearterm and watch and wait to degree with eyes always open to broader resources possibilities- while optimising resources holding now which is job at hand.
    Very nice that copper AUD price so cooperative and bullish fundamentals into future. But yes- what you saying is they want more as time goes on. Medium term at least.

    Global scarcity of essential raw materials ahead especially in good jurisdictions.
    Excellent longterm regional positioning and pipeline for growth critical now for longterm thinking all companies and longterm businesses.

    Its actually interesting where A1M are in WA -
    check out activity this week in CYL.
    Gina Rinehart a substantial holder and even Kirkland lake (or whoever they are now, the largest Canadian global gold miners , are holders) and St Barbara , though their spinout company post current merger which is happening, new entity spin out company may sell off their stake. Or increase if they raise new IPO capital- who knows.
    Whatever transpires is going to take months negotiating ahead with the Canadian gold miner owns the nearby, associated local mine - it is losing money very much lately, as is remote operating gold mine for them Canadian based, in very isolated region in Australia- they’re in financial strife basically & the other company has got themselves into multiple legal tangles and trouble generally. Catalyst, GR holder , untangling and have the trust and confidence shareholders the other companies , to sort all, amalgamate so no longer legal dispute- and let the resources be optimally mined and managed and grown.
    I’m suspecting a massive capital raise though to fund acquisition by the acquirer in there but they could be stirring interest and be offered substantial funds inc from GR if the overall deal is good & right.
    Although she may not be very interested. Who knows but she did want to be invested in a gold mining significant producer when she initially invested in 2016 after lengthy due diligence by her company. The republic of Victoria is frustrating to extreme and scurrilous almost in how they’ve sadly made decisions and acted in recent years.
    She prefers WA perhaps. (Going to great efforts try secure gas supplies for her mines atm with Warrego takeover attempt intrigue, with STX also going after the resource and MIN in the mix as well. Acquisitions scarce needed resources hotting up)

    I digress sorry - Catalyst are looking to tie up & lock up the entire belt where taking over small WA gold company ,but non producer unable to get into production and embroiled in local strife - announced this week in a script deal unanimously supported by management that company they taking over.
    And Catalyst are also in simultaneously announced discussions, been occurring behind the scenes and ongoing with the Canadian small company, Superior TSX listed, with their distressed asset operating local mine.
    Excellent asset & land.
    Likely a deal can be done but i think there be big consolidation of the area. The aim. (apologies A1M ticker )
    & A1M exploration land holdings in there also ?
    Tried to work it out - it’s on A1M website page.

    Degrussa also up for sale of course and atm mine workers flying in together for Degrussa and the mine starting with P name, held by the Canadian company Superior atm. ( I will be tardy and not go look it up and lose this typing while doing so )
    It is all very remote but a huge potential belt geologically ,with huge potential for into the future & the infrastructure is already there.
    Gold resources more though.
    A1M land might be quite valuable in among.

    A1M likely feeling impatient and some frustration.

    A1M definitely acquired DRM/ MEP very well & utterly timely manner- they ought feel grateful and this how we all here.
    Interest in ‘Cannington repeats’ in Cloncurry region is capturing more talk and interest again I note.
    For the future- Cloncurry will yield more resources yet.
    A1M got good assets Cloncurry greater region- decades of development ahead and Eloise is a high grade copper excellent profitability operation- now secured out into 2030s ++

    I am waiting keenly for South Australia- Peake and Denison .

    Chile loads of strife and global no 1 copper size resources but already been mined for over 50 years + .
    Lowering grades now.
    BHP - the greater Olympic Dam and Prominent Hill region can actually be largest copper resource in the world.
    We don’t know but it might be .
    BHP is large miner and there , and A1M have the Peake and Denison land- JV with Oz minerals/ BHP now .
    Nice position- which A1M coyly never spoke of through tough takeover negotiations and correspondence Demetallica shareholders. But significant.

    Just ramblings - I don’t know much or anything at all.

    I do think there are excellent opportunities likely about- watching A1M past video presentations and interviews indicates that our ceo thinks there are many known quality resources and assets “not in the right ownership hands “.
    Resources held at the moment in exploration company and non- producing company hands.

    We certainly have excellent security at Cloncurry with Eloise now re-amalgamated - as it was until 2012 , ++ also the valuable resources from SFR and OZL included !

    Posting before lose this.

    I am excited for SA results.
    Hope you are all good.
    Think I should be having more fun - SA desert roadtrip therefore not quite on the cards just yet however.
    Maybe will go research somewhere more exotic like Canada or Iceland , or just get to the beach and let this management do their job here.

 
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