Luc Ten Have – Mergers, Strategic Shareholders, Consolidating Copper And Gold Projects, And Intriguing Exploration News
Luc ten Have, private resource investor and Founder of www.GoldDiscovery.com, joins me to review some merger and acquisition news we’ve seen in the sector as well as the importance of seeing quality strategic partners come into developing precious metals or base metals projects. We also review 2 exploration stocks that have Luc’s attention.
We start off discussing the news out from earlier this week about the takeover of Filo Corp (TSX: FIL) (OTCQX: FLMMF) by both BHP (NYSE: BHP) and Lundin Mining (TSX: LUN) for their large copper project in Chile and Argentina. This led into a conversation on if we may see more senior companies partner up to develop these larger development projects. Luc noted the nuances and differences in rationale for teaming up pointing to what Nevada Gold Mines, the partnership between Newmont and Barrick, did with their combined Nevada projects, or when we initially saw with Agnico Eagle (NYSE: AEM) (TSX: AEM) and Yamana Gold (TSX: YRI) (NYSE: AUY) team up to develop the Malartic Mine in Canada.
This pivoted over to a discussion about the potential consolidation we could see with the copper development projects in Arizona, and potential synergies between all the stakeholders of Faraday Copper (TSX:FDY)(OTCQX:CPPKF), Ivanhoe Electric (NYSE American:IE)(TSX:IE), and Arizona Sonoran Copper (TSX:ASCU) (OTCQX:ASCUF). With Faraday Copper being another Lunding Group company, we also discussed the Lundin family as a force of nature in the mining sector, with them also taking strategic positions in Fireweed Metals (TSXV: FWZ) (OTCQX: FWEDF) and Montage Mining (TSXV: MAU) (OTCQX: MAUTF), which Luc has followed closely.
Wrapping up we shifted over to what has Luc’s attention with the explorers, and he noted his rationale behind positioning in both Ramp Metals (TSXV: RAMP) and SRQ Resources (TSX-V: SRQ), their recent drilling news, and how market expectations and reactions affected the shareprice action.
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Doing quite a few consolidations and down sizing of # of stocks. Getting ready for going up, whatever that is.
Looks like Wall Street on a major “bonus” run in the “great transfer of wealth”. (algos tripping all over themselves to sell whether they have the shares or not.)