AZY (ASX) Upcoming Catalysts

Originally posted by scalper ↑

All quiet, but Tuesdays, Volume was Terrific at 32m, 30.5m done at 1.2c and it was the buyers that pushed it, especially the guy who had a 10m order on Monday sitting in the q at 1.1c, but decided on Tuesday morning pre-open to move it to 1.2c, then everybody tried to jump him on the open match-out, which they did, by memory even at 10.30am he was still sitting on the top of the Q with 5m unfilled.

The restart of Telfer can't be far off by all the job advertisements of late, hopefully bu the end on next month the mill should be operating.

Anyway.......news can't be far off..............a little tidbit in the Financial Review tonight.

Street Talk
Newmont non-core asset sales pegged for end-year; Macquarie on board

With gold trading at record highs, investors and dealmakers in and around ASX gold stocks are making hay. One company, however, has remained uncharacteristically quiet.
Newmont, the world’s top gold producer caught headlines last year for its $26.3 billion merger with Australia’s biggest gold miner Newcrest, forming a $US59.5 billion dual-listed gold stock and pumping its long list of advisers up the M&A league table.
At the time, much was also made of its intention to divest six non-core assets once the acquisition wrapped up in November including WA’s ageing Telfer gold mine and Havieron, which Newmont operates under a joint venture agreement with Greatland Gold (70 per cent/30 per cent). This was aimed at generating $US2 billion-plus ($3.05 billion) in cash.
While the sale of its Akyem gold mine in Ghana has reportedly drawn Chinese interest, investors haven’t heard a peep about the local assets. Street Talk understands sell-side adviser Macquarie started preliminary preparation for a sale process earlier in the year, but iced the mooted deal after processing operations at Telfer were suspended. However, it is understood MacCap’s resources bankers are back on the tools, and soft soundings are under way.Telfer is a larger scale, producing asset, but it’s best days are behind it. The mine hasn’t made a lot of cash over the last several years and would require a substantial commitment to rehabilitate it. However, its interaction with Havieron is interesting; one has the infrastructure, the other has the orebody. As such, they’ll likely be sold together with estimates around the $500 million mark.
Given its interest in Havieron, Greatland Gold is the obvious buyer. The London-listed firm also has pre-emptive rights, acquired when Newcrest and Greatland began the joint venture in 2020. Street Talk understands the Andrew Forrest-backed company has been meeting with fund managers for months, making no secret of the fact they’re keen to consolidate its stake – and would use the associated raise to peg their Australian float. Investor sources told Street Talk the last time they heard from Greatland was May when they were told the company was still waiting on sale terms from Newmont. Bank of America has been mandated on Greatland’s potential ASX-listing.
Northern Star Resources and Evolution have both indicated a lack of interest in Telfer and Havieron, The Australian Financial Review wrote in November. A mid-tier name like Genesis Minerals, Ramelius Resources, Capricorn Metals or Gold Road would be more likely candidates given the general desire to increase market capitalisation and attract more investors. Red 5/Silver Lake is also a contender on the back of it M&A ambitions and sizeable cash balance sheet.

Sorry for the bad cut and paste job, in a hurry, just did it for non subscribers to the paper.

Expand

Good stuff scalper ... It's a bit like how many sleeps 'til Christmas

It's a dynamic landscape we find ourselves in, that's for sure.

Has anyone got any ideas given the May '22 MRE, subsequent drilling successes including GEO-01, the new elevated gold price ... what a new MRE might look like??? From my take from others' comments and broker's reports, another 300k ounces would make a critical difference to making a 10 year mine life a potential reality .... And there's a plant "down the road". Are we the proverbial "bee's dick" away from kicking some serious arse here???

Cheers,,,, anyone ...

Kip

No.	Vol.	Price($)
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5208462

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0.025	5208462	1
0.026	666000	2
0.027	1816551	6
0.028	3342666	5
0.029	2350000	2

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666000

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(20min delay)
Last 2.5¢		Change -0.002(7.41%)		Mkt cap ! $120.5M

Open	High	Low	Value	Volume
2.7¢	2.7¢	2.4¢	$760.2K	29.74M

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