Based on what the AFR and The Australian are reporting, Sandfire et al will not be acquiring the Golden Grove (or Capricorn) copper assets from EMR Capital.
In due course, the 29Metals initial public offering (IPO) document should make for interesting reading re: Golden Grove and Capricorn copper metrics, in comparison with Havilah's Kalkaroo copper-gold project.
The Australian (reporting on 17 March 2021)
Owen Hegarty's EMR Capital is forging ahead with IPO of its Golden Grove (Western Australia) and Capricorn (Queensland) copper assets, with investors told that the new $1 billion group is to be named 29Metals.
29Metals will be chaired by EMR's founder, Mr Hegarty, who previously ran Oxiana (since renamed Oz Minerals after being merged with Zinifex). Former Highfield Resources boss Peter Albert will run the business.
About half of the entity is expected to be sold by EMR, although details are yet to be worked through.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
HAV Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
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