Money of Mine Gina’s Liontown Stake Climbs while MinRes Fill the Coffers
We had a big news day, though we were left with plenty of questions.
MinRes (MIN) announced plans for a US$850m debt offering to fill the coffers, whilst Gina’s stake of lithium developer Liontown (LTR) rose to 10.7%.
We had a yarn about the sorry stake of the zinc market resulting in the unfortunate decision some miners are having to make, putting their assets of care and maintenance.
Black Cat (BC8) revealed a funding plan for Paulsens restart while Strandline (STA) changed their leadership in an attempt to address their ramp up struggles.
Coronado (CRN) is now majority owned by a Czech billionaire and lastly Lindian (LIN) the rare earths developer announced and off-take agreement with a London based commodity trader.
All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.
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Timestamps:
(0:00) Preview
(0:28) Intro
(3:24) Dividends being issued this week
(3:54) MinRes fill up the war chest with US$850m
(13:02) Gina inches up on Liontown’s register
(19:01) Zinc miners having a tough time
(25:04) Black Cat secures Paulsens funding
(37:11) Strandline leadership shake up
(39:44) 51%-stake in Coronado changes hands
(42:05) Lindian locks in off-take agreement