Oliver O'Donnell, CFA

So here is the gold mining industry's AIC - (total costs i.e AISC+ growth capex, G&A, M&A, dividends etc.) vs the gold price. As you can see its been a horrible business, slipping in and out of marginally positive and negative free cash flow over the past 15 years. And suddenly...Boom! Massive positive margin expansion. I'm not sure anyone is really getting this outside the sector specialists. In theory the industry can now, for the first time in living memory, finance reserve replacement and a much higher return of capital to shareholders from FCF.

If you missed it first time, click original post for full video of @DoubleOD2 talking to @AdrianOBrien of @MidnightSunMine

#Silver: Best performing asset in first half 2024

Always great to hear from @alex_langer and Greg Liller! Exciting timing with rising metal prices

Click here to see the full interview with @DoubleOD2 and @tdlamb #CEO of @MyriadUranium #uranium #Niger bit.ly/43VDkpc

Looks like @TVLithium in the right place according to @Tesla Lithium Refining Is a ‘License to Print Money,’ Musk Says bloomberg.com/news/articles/…

The @KusasaProject is focused on breaking the cycle of poverty, addressing the issue at its roots by the establishment of an independent primary school serving disadvantaged children. Watch a video of VSA's recent visit to Kusasa Centre here: bit.ly/3PtBoxq

This is an exciting chart showing a significant opportunity in equities, good for my PM coverage universe of small cap gold and silver @PrimeMiningCorp @CaracalGoldplc @GSilver_co @SierraMadreSM @corp_apollo @tectonic_gold

@marketgem Often happens in early phases of market stress, gold equities track broader equities rather than gold price, as the gold rally becomes more entrenched this breaks down and revert to following gold price

$gold producers don't seem too interested in the price of $gold, why is that?

@FrancisWedin Brilliant slide!

Great summary of how direct #lithium extraction projects are becoming the next #Sustainable wave of supply for #ElectricVehicles. #ClimateCrisis

@AmonkMonkey hostile bid for @Elemental_Royal at C$1.78 and trading about C$1.56 today

Just asking for a friend - anyone got a good idea for a stock that might go up ?

We would like to welcome @SierraMadreSM to 121 Mining Investment London on 17-18 November for 121 investor meetings. If you would also like to join us or to apply for a free investor pass – click here: hubs.la/H0-wJNb0 #121Online #Mining #Investment

@georgemagnus1 Would relaxation of hukou be sufficient stimulus?

All in all, we need to brace for years of a more stagnant property market with unequivocally negative consequences for growth. Perhaps 2%, maybe even recession ‘with Chinese characteristics’. It’s a slippery path for China at home, and abroad. Ends

First up demography. China’s cohort of first time prime age homebuyers, aged 25-39 is going fall by 25% by 2040, from 327m to 247m. So properly firms already overbuilding are in deep doodoo 2/7

Bump for @aim_irr today, looks like now the BCN discount to the offer price has closed the rotation is beginning. Sensed some frustration after IRR hadn’t initially moved but this may change momentum

A great pick from @PaulRenken who initiated on @MillennialLi in January 2017, now being taken out by @GanfengOfficial as their campaign for lithium domination continues

@nomadicinvestr @GungHoStocks @VSACapital @PaulRenken @VangoldMining @WResourcesPlc @CastilloCopper @BacanoraL @GanfengOfficial Yep your turn once it turns to a firm offer which can only happen after ganfeng have got their approval

@DoubleOD2 @GungHoStocks @VSACapital @PaulRenken @VangoldMining @WResourcesPlc @CastilloCopper @BacanoraL @GanfengOfficial Yes, but my point was that only helps Ganfeng, not BCN who the board are meant to act in our interest. It's very common for offers to be made prior to shareholder approval.

Today on the Morning Miner with @PaulRenken and @DoubleOD2 updates from; @VangoldMining @WResourcesPlc @CastilloCopper bit.ly/3chExP4 #mining #investing

@TheLastDegree How was our pronunciation 😂 #firedorhired @TheLastDegree bit.ly/3chExP4

Margot just fired Scarlett because she couldn't pronounce Guanajuato😱🤣 Who should become our next intern? Please allow me some guilty pleasures at work.

@nomadicinvestr @GungHoStocks @VSACapital @PaulRenken @VangoldMining @WResourcesPlc @CastilloCopper @BacanoraL @GanfengOfficial It means the offer deadline aligns with the Ganfeng shareholder vote. With its shareholder approval can then make the offer firm. Would have had to announce when they did to make the info public

@GungHoStocks @VSACapital @PaulRenken @DoubleOD2 @VangoldMining @WResourcesPlc @CastilloCopper @BacanoraL @GanfengOfficial Could you also ask why @BacanoraL were happy to award an extension to the Ganfeng 'deal'?

@VSACapital is excited to be working with Tungsten West on its IPO ahead of production restart. @AmonkMonkey spoke to @METhompson72 at the mine site. VSA Capital welcomes qualifying HNW investors to participate in the IPO. Info : ipo@vsacapital.com or youtu.be/lhkmIRfn11g

#tungsten #tin #tungstenwest Tungsten West announces our intention to list on AIM as covered by The Sunday Times today.