Luc ten Have – PDAC takeaways, Parsing News From Delta Resources And Aurion Resources, And Differences In Resource Stock Investing In Australia Versus North America
Luc ten Have, private resource investor and Founder of GoldDiscovery.com, joins me to share his key takeaways from PDAC, and the value of talking directly with company management teams. He we get into a highlighting a recent example from Delta Resources (DLTA.V) (DTARF), where he had initially missed a few key points reviewing the news information and company presentation, but got more context on what some of the new geological interpretation could mean for future drilling after meeting with the company at the PDAC.
Next we talked about the big news today from Aurion Resources (AU.V) (AIRRF), where their JV partner B2Gold (BTO.TO) (BTG) provided notice that they have received an offer, from Rupert Resources (RUP.TO) (RUPRF) to acquire B2Gold’s 70% interest in the joint venture between B2Gold and Aurion, which owns properties located in the Central Lapland Greenstone Belt in northern Finland. Aurion has 60 days with a Right Of First Refusal (ROFR) on this portion of their JV project, but would need some way of getting the financial backing to make the deal happen. We discuss the different paths forward where another company could come in to help Aurion, such as their 10% stakeholder Kinross (K.TO) (KGC), or possibly Agnico Eagle (AEM.TO) (AEM) that already has a sizeable stake in Rupert, and just recently took out a new stake in the nearby properties of FireFox Gold (FFOX.V) (FFOXF). It is going to be fascinating to watch how this prospective mineral endowment in Finland will be consolidated over time.
Next we pivoted over to some of the differences seen in the Australia based resource investors and resource company approaches, versus what we see in the North American markets in Canada and the USA. For the last few years there have been noticeable differences in the liquidity of Aussie stocks versus Canadian or American listed stocks, as well as their makeup and skillsets of management teams, and how these companies approach getting financed. There is also more of a desire to kill or build projects in Australia, versus the typical North American pattern of drilling of resources for marketing purposes or to wait for a takeover offer.
We wrap up with Luc ten Have getting an overview how his platform at Gold Discovery can assist resource investors in their due diligence, as well as some upcoming changes on tap for analyzing opportunities in junior mining stock investing using his platform.
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Earlier this month, Aussie company S2 Resources(S2R.ASX) sold their large CLGB landholding to Outback(OZ.V) for C$7 million. S2R wants to focus on their Australian assets, including a substantial property around Fosterville.