Sprott $1.65 target on SVM, page-2

This article is on K.I.T.C.O. news. IMO SVM is a possible TO target. I just hope it’s not sold at a low price like OZL and NCM.

https://www.*****.com/news/2023-04-21/Mining-M-amp-A-spree-to-keep-Australia-dealmaking-humming-after-37-bln-in-Q1.html

”As automakers and chemicals suppliers scramble to secure raw materials, resource-rich Australia has become a rare global bright spot with $37 billion worth of M&A deals in the first quarter, with the trend expected to continue in the near term.

The increased dealmaking activity is forecast to be mainly supported by cash-rich miners looking to expand quickly via acquisitions to tap into the rising resource demand and others looking to divest their fossil fuel portfolios, bankers and analysts said.

"A perfect storm is brewing in resources M&A," said Kam Jamshidi, a partner at law firm Herbert Smith Freehills in Melbourne. "Most powerfully, portfolio redesign for the energy transition is in full swing."

Much of the M&A has focused on Australian miners because of its stable jurisdiction, said Samy Mansour, a partner at law firm Clayton Utz, as well as its vast mineral wealth.

It also helps that global miners have switched into growth mode from years of austerity and handing back capital to shareholders, fund managers said.

After so many years of prioritising shareholder returns over exploration, miners are finding few options to grow beyond buyouts given the high costs and length of time for exploring and building a new mine.

The resources M&A boom is also being fuelled by the move by governments to offer subsidies to industries that supply materials for electric vehicles, amid a push to diversify global supply chains after the COVID pandemic.

Albemarle Corp's $3.7 billion bid for Australian lithium developer Liontown Resources is a good example of how green energy incentives such as the U.S. Inflation Reduction Act has made some suppliers more attractive, Lawcock added.”

"Those sorts of credits make M&A and projects much more valuable today than yesterday,"