WMG 3.70% 26.0¢ western mines group ltd

From CTM board, Sprott still publicly maintaining a buy rating...

  1. 331 Posts.
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    From CTM board, Sprott still publicly maintaining a buy rating even though they sold down in May/June (but that could be to drop below 5% holding) https://hotcopper.com.au/attachments/sprott-ctm-analyst-240702-pdf.6301724/?filename=Sprott+-+CTM+Analyst+240702.pdf SCP formed after a management-led buyout of Sprott Capital Partners in 2023 and their disclosure suggests they have provided investment banking services to CTM

    CTM's lower labor and power costs keeps their AISC competitive, even against Indonesia. Curious how sharp AISC can be in WA for new mines like Mulga.

    Meanwhile, Donaldo:

    21 July "I'm for electric cars" "Elon gives me $45m a month" "I love Elon"

    23 July https://www.drive.com.au/news/donald-trump-calls-evs-green-scam/
    I will kill the EV mandate on day 1 if I get elected

    Elon 24 July No I am not giving him $45m a month https://www.theguardian.com/technology/article/2024/jul/24/elon-musk-donald-trump-donations-denial-super-pac-america

    The uncertainty about rate of EV growth in US continues.
 
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