Money of Mine Mineral Media
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- Business
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An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.
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The Man on a Mission to Overhaul Karoon (Gabriel Radzyminski Interview)
Our guest today is Gabriel Radzyminski, founder of activist hedge fund Sandon Capital.
Gabriel outlined the state of activist investing in Australia and why he started the fund, how he picks opportunities, his recently announced campaign at Karoon Energy, his history with Iluka and much more.
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Chapters:
(0:00:00)Introduction
(0:01:05)Why start an activist fund
(0:03:57)Warren Buffett - the original activist
(0:06:48)Are big investors moving away from activism?
(0:14:51)Sandon & STAM's campaign at Karoon
(0:15:55)2023's worst capital raise
(0:25:43)Misaligned incentives
(0:28:20)Picking opportunities
(0:32:57)Iluka's iron ore royalty
(0:43:16)Did Iluka appreciate the value?
All information in this podcast is for education and entertainment purposes only and is of general nature only.
The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.
MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate.
MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.
Thank you to our Partners:
VRIFY – Communicate in 3D
grant@vrify.com
GetWet Solutions – Innovative bladder tanks for mobile water storage
Matt.hall@getwetsolutions.com.au
DSI Underground – Ground support gurus
https://www.dsiunderground.com/contact
Silverstone – Energy solutions for your business
kenny@sstone.com.au
CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors
davidh@creinsurance.com.au
WA Water Bores – WA’s premier water well drilling company
James@wawaterbores.com.au
Brooks Airways – Perth’s leading charter flight operators
ops@brooksairways.com
K-Drill – Safe, reliable, and productive surface RC drilling
ryan@k-drill.com.au
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Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group.
Money of Mine on YouTube, Twitter, LinkedIn & Instagram -
Our chat with Rene Sterk, Geologist Renegade
We’ve got a cracking chat with Rene Sterk to share today. Rene is a geologist who is busy on many fronts, with a passion for the industry that can be felt. We discussed how and why JORC is changing, how things differ from overseas to Australia, the tricks to look out for in reporting and plenty more.
Sign-up for the Director’s Special
All information in this podcast is for education and entertainment purposes only and is of general nature only.
The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.
MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate.
MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.
Thank you to our Partners:
VRIFY – Communicate in 3D
grant@vrify.com
GetWet Solutions – Innovative bladder tanks for mobile water storage
Matt.hall@getwetsolutions.com.au
DSI Underground – Ground support gurus
https://www.dsiunderground.com/contact
Silverstone – Energy solutions for your business
kenny@sstone.com.au
CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors
davidh@creinsurance.com.au
WA Water Bores – WA’s premier water well drilling company
James@wawaterbores.com.au
Brooks Airways – Perth’s leading charter flight operators
ops@brooksairways.com
K-Drill – Safe, reliable, and productive surface RC drilling
ryan@k-drill.com.au
Buy Money of Mine MERCH
Join our exclusive Money Miners Facebook Group
Money of Mine on YouTube, Twitter, LinkedIn & Instagram
(0:00:00)Rene Sterk on Money of Mine
(0:01:41)Fixing JORC
(0:24:54)Ramifications on inferred resources
(0:29:47)Parker Challenge for Oyu Tolgoi resource
(0:33:48)Stringent drill spacing
(0:36:29)Top things to check in a Mineral Resource Estimate
(0:41:17)What is a world class intersection?
(0:45:10)How does Ni43-101 differ from JORC?
(0:49:34)Will MRE's be harder to do?
(0:55:37)How should companies be made accountable?
(0:59:40)Dealing with misaligned MD's and CEO's
(1:07:47)Proportion of money put into the ground
(1:15:09)Rene's Youtube channel - MEASURED -
The PGM Opportunity (Roger Baxter Interview)
We had Roger Baxter come on the show to chat all things PGM’s. Plenty of ground was covered from the current supply-demand set up, what the state of South African operations are, how a rapid adoption of hybrid vehicles will impact and market what role recycling will play going forward.
Sign-up for the Director’s Special
All information in this podcast is for education and entertainment purposes only and is of general nature only.
The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.
MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate.
MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.
Thank you to our Partners:
VRIFY – Communicate in 3D - grant@vrify.com
GetWet Solutions – Innovative bladder tanks for mobile water storage - Matt.hall@getwetsolutions.com.au
DSI Underground – Ground support gurus - https://www.dsiunderground.com/contact
Silverstone – Energy solutions for your business - kenny@sstone.com.au
CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors - davidh@creinsurance.com.au
WA Water Bores – WA’s premier water well drilling company - James@wawaterbores.com.au
Brooks Airways – Perth’s leading charter flight operators - ops@brooksairways.com
K-Drill – Safe, reliable, and productive surface RC drilling - ryan@k-drill.com.au
Buy Money of Mine MERCH
Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group.
Money of Mine on YouTube, Twitter, LinkedIn & Instagram
(0:00:00) Introducing Roger Baxter
(0:01:50) What's the supply-demand outlook implying
(0:17:19) The state of South African operators
(0:22:22) How deep into the costs curve are we
(0:25:07) How much capex is being put into new projects?
(0:27:53) What do PGM orebodies look like?
(0:35:53) How is the recycling market evolving
(0:39:43) Is there a shortage of smelters/refiners
(0:43:11) Zimbabwe's role
(0:44:17) What is the incentive price for new projects?
(0:46:14) Power issues in South Africa
(0:51:16) Russia PGM insight -
What tin price satisfies demand? (Mark Thompson + Hadley Natus)
We have a treat for the tin barons – a two-in-one special all on tin!
Mark Thompson and Hadley Natus joined us in to separate conversation to give the lay of the land on the tin bull thesis, how demand and supply and playing into current price movements, why there’s a distinct difference between metal and concentrate pricing, how Indonesia and Myanmar impact the market and heaps more.
Sign-up for the Director’s Special
All information in this podcast is for education and entertainment purposes only and is of general nature only.
The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional.
MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate.
MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.
Thank you to our Partners:
VRIFY – Communicate in 3D
grant@vrify.com
GetWet Solutions – Innovative bladder tanks for mobile water storage
Matt.hall@getwetsolutions.com.au
DSI Underground – Ground support gurus
https://www.dsiunderground.com/contact
Silverstone – Energy solutions for your business
kenny@sstone.com.au
CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors
davidh@creinsurance.com.au
WA Water Bores – WA’s premier water well drilling company
James@wawaterbores.com.au
Brooks Airways – Perth’s leading charter flight operators
ops@brooksairways.com
K-Drill – Safe, reliable, and productive surface RC drilling
ryan@k-drill.com.au
Buy Money of Mine MERCH
(0:00:00)Introduction
(0:01:13)How the tin market got to today
(0:19:29)Myanmar + Indonesia's impact
(0:29:21)Supply fragility
(0:44:24)Hadley Natus on Money of Mine
(0:47:54)The supply-demand balance
(0:50:21)Understanding concentrate vs metal market
(0:53:47)The role of refining capacity
(0:59:07)Thoughts on the Indonesia scandal
(1:05:30)Tin vs copper
(1:12:23)Is there a Physical Tin Trust? Should there be?
(1:16:33)Will there be a new Myanmar?
(1:18:08)Is Congolese supply at risk -
Saving Junior Mining (David Finch Interview)
Our guest today is David Finch, CEO of Ixios Asset Management. David recently shared a much-publicised tweet on the rules that the junior mining industry should abide by to help lift the sector out of its malaise. The post naturally clicked for us and was worthy of expanding on in greater detail.
Sign-up for the Director’s Special
All information in this podcast is for education and entertainment purposes only and is of general nature only. The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional. MoM doesn’t operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate. MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.
VRIFY – Communicate in 3D
grant@vrify.com
GetWet Solutions – Innovative bladder tanks for mobile water storage
Matt.hall@getwetsolutions.com.au
DSI Underground – Ground support gurus
https://www.dsiunderground.com/contact
Silverstone – Energy solutions for your business
kenny@sstone.com.au
CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors
davidh@creinsurance.com.au
WA Water Bores – WA’s premier water well drilling company
James@wawaterbores.com.au
Brooks Airways – Perth’s leading charter flight operators
ops@brooksairways.com
K-Drill – Safe, reliable, and productive surface RC drilling
ryan@k-drill.com.au
(0:00:00)David Finch on Money of Mine
(0:07:03)Don't whine about naked short selling
(0:08:59)Don't issue paper at a 30% discount + warrants
(0:15:10)Don't issue yourself a big chunk of capital at 0.0001c
(0:16:53)You know the company will need more capital at some stage
(0:19:19)Don't put eight of your best golfing buddies on the board
(0:22:19)Don't jet round the world on the company dime
(0:24:28)Don't fill your desk with macro bullshit
(0:27:23)Don't have a slide comparing your company to others on market cap/oz
(0:28:52)Don't use phrases like 'bonanza grade'
(0:30:55)Spend at least 80% of the company's money advancing the project
(0:33:41)Make sure your business plan is adjusted to produce regular news flow
(0:35:48)Don't use gold loans, pre-pays, convertibles or royalties in a pre-rev company
(0:38:53)If there's bad news - be upfront -
We name & shame ASX co.’s
It’s name & shame time! We call out those companies who were a bit too lax in there quarterly reporting.
Then, a fascinating dive into manganese with Tony Gu of Datt Catipal, following the recent events at Groote Eylandt.
We then chat about the bit for Lithium Energy’s Solaroz, Northern Star’s Jundee performance, news out of Austral and a check-in on Wesfarmers Covalent Lithium.
Sign-up for the Director’s Special
All information in this podcast is for education and entertainment purposes only and is of general nature only. The hosts of Money of Mine (MoM) are not financial professionals. MoM and our Contributors are not aware of your personal financial circumstances. Before making any investment decision, you should consult a licensed financial, legal or tax professional. MoM doesn’t operate under an Australian financial services license and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given. MoM strive to ensure the accuracy of the information contained in this podcast but we don’t make any representation or warranty that it’s accurate or up to date. Any views expressed by the hosts of MoM are their opinion only and may contain forward looking statements that may not eventuate. MoM will not accept any liability whatsoever for any direct or indirect loss arising from any use of information in this podcast.
VRIFY – Communicate in 3D
grant@vrify.com
GetWet Solutions – Innovative bladder tanks for mobile water storage
Matt.hall@getwetsolutions.com.au
DSI Underground – Ground support gurus
https://www.dsiunderground.com/contact
Silverstone – Energy solutions for your business
kenny@sstone.com.au
CRE Insurance – Insurance Brokers for the Construction, Resources and Energy sectors
davidh@creinsurance.com.au
WA Water Bores – WA’s premier water well drilling company
James@wawaterbores.com.au
Brooks Airways – Perth’s leading charter flight operators
ops@brooksairways.com
K-Drill – Safe, reliable, and productive surface RC drilling
ryan@k-drill.com.au
Buy Money of Mine MERCH
Join our exclusive Money Miners Facebook Group & request access to the Hooteroo chat group
Money of Mine on YouTube, Twitter, LinkedIn & Instagram
(0:00:00)Introduction
(0:01:14)It's name & shame time!
(0:09:17)A manganese special with Tony Gu
(0:39:12)LEL attract a bid for Solaroz
(0:45:38)Is NST's Jundee declining?
(0:47:30)Administrators called at Austral
(0:49:01)Covalent Lithium ramping up
Customer Reviews
A must for mining/resource investors
My staple for all things relevant to investing in ASX listed mining stocks. Great interviews and insights. Would recommene
Brings it all together! Great stuff!
I’ve worked in the mines for 30 years, as a mining engineer - last job was in the C suite and the business, finance, takeover defence etc was a real eye opener for me! This podcast offers valuable insights from the investor perspective but does something I’ve not seen before. Connects the fundamental assets - orebodies, mines and infrastructure- with markets and investor perspectives. Well done you lot! PS loved that you involved Ali, please keep up the diversity.
Fantastic Listening
Great to get the different insights from the lads with their various backgrounds. Also good to hear from senior management of some of the companies that are discussed.