Even though that article was 5 years ago it’s interesting he floated GAL and retains a big shareholding in the stock. Creasy sold 100% of the silver knight nickel project, mentioned in the article, to IGO in 2021 (see link below). He also has exploration JVs with IGO.
These two transactions provides further support that Creasy relinquishes management control of significant projects and JVs at a certain stage in the life of a project and that he has a cosy relationship with IGO which accounted for much of his wealth from the Nova mine until AZS discovered lithium. IGO has an 8% shareholding in GAL. There may be other unknown examples.
These transactions increase the probability that Creasy will sell his 40% share of Andover to AZS around the FID or even earlier.At his age continuing the Andover JV with AZS past FID would require a lot of work, finance and a reasonable team from his end which he seems to avoid as shown by past transactions and is more likely to avoid at his age of approaching 80, Management of the JV now is clearly in the hands of Tony as Creasy is free carry and watches from the sidelines.
With the SIR and then Silver Knight transactions it seems IGO is a possible buyer of AZS down the track given the apparent strong relationship Creasy has with IGO.
One of the brokers had a possible timetable suggesting production of lithium in 2028 from Andover and such timing would imply an FID in first half of 2025 which is feasible based on the speed they are progressing the project.
