It's an interesting topic and fun to speculate. Everyone in the industry must have seen the graphs and data we've seen which shows a lack of investment, huge upcoming demand, and low stockpiles. I can only imagine how many expressions of interest there will be for Khoemacao. We'd have a fight on our hands to get it. Have to be lucky sometimes / have to be in it to win it, etc. etc. I can't see GK and team paying over the odds to get it though; which may be required if a dozen or more mining companies around the world are bidding.These types of assets don't come on the market very often.
And I struggle to see us buying this mine, then taking over SFR shortly thereafter!
Perhaps a joint venture purchase bid with SFR would reduce risk for both parties and still create synergies.
Every time I look at a mining newsletter or news article lately, there's another Glencore acquisition story. They seem to have unlimited funds and appetite for m&a! No doubt they'd be looking at Khoemacao.
The thought of S32 owning a copper asset already in production is very appealing. S32 -- a one-stop shop for decarbonisation metals. Meaningful copper exposure (not just 3%); plus manganese, zinc, silver, nickel and aluminium. That's a very unique basket of commodities, diversified across a number of different jurisdictions.
I can imagine most shareholders would think as I do if a capital raising was required: Just shut up and take my money !
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