Buffett’s Chess Move That the Market is Missing. The concept of ‘agency’ between management (known as the agents) and shareholders (known as the principals) in finance is an important one, where shareholders delegate decision-making authority to management to run the company in their best interests. At Kraft Heinz (KHC) a public disagreement between management and …
Towards the end of 2024, a SpaceX Falcon 9 rocket will take a payload into orbit that I’ll be following closely. The payload in question will be one of Intuitive Machines‘ Nova C landers, whose objective will be to touch down on the Connecting Ridge near the Moon’s South Pole. On board the lander will …
As far as nearology plays go, Encounter Resources is exceptionally well placed. If you haven’t been following, in 2022 WA1 Resources conducted a maiden drill program in the West Arunta region of Western Australia. WA1 Resources targeted as they said ‘large gravity-magnetic anomalies that can potentially indicate the presence of large mineralised systems‘. Their strategy worked! …
An ASX announcement from Ausgold caught my attention recently. Board Changes On 20 May 2024, the company revealed several changes to the board of directors that included the appointment of John Dorward as Executive Chairman. I met John a number of years back when he was CEO of TSX-listed Roxgold Inc and building the high-grade …
I’ve been having at look at mining applications around the Arunta Orogen and it looks to me like WA1 Resources have lodged another application in the Northern Territory (NT). This map is from WA1 Resources‘ Quarterly Activities Report for the Period Ending 31 March 2024, that was released to the ASX on 8 April 2024. …
Fortitude Gold recently announced significant progress at East Camp Douglas. It’s a project that’s interested me for a number of years and for this reason, I’m going to go back and recap what we already know, and then take a closer look at Fortitude Gold’s recent announcement on the project. But before we do this, …
Generating excess cash is, of course, a good problem to have. Company directors usually deal with this by employing one of the following strategies; As shown in the chart below, Whitehaven Coal started making significant returns to shareholders in late 2017, by paying dividends. For FY 2018, the Company paid an interim dividend of A$0.13, …
Exploration is a risky and expensive business and it’s essential to reduce risk where possible. For example, rather than searching in under-explored frontiers, it might be preferable, and perhaps lower risk, to search ‘along trend‘ of some known geological deposits. The map of British Columbia below shows the major porphyry deposits located from Galore Creek …
On the 7 February 2024, Fortitude Gold announced the acquisition of two new gold properties in Nevada. This weekend I took a closer look at one of these, the Dauntless gold property, located in Esmeralda County, approximately 30 kilometers southwest of Tonopah. According to the news release, the Dauntless claims acquired ‘includes the historic Weepah …
Written by Roger Breuer, ACCA. Additional Research by Willem Middelkoop. At Commodity Discovery Fund a key consideration for any investment is scale. When considering this important factor, we ask ourselves – ‘Does a mineral discovery have the potential to grow further? And is it possible that more deposits are found at depth or nearby?‘ If …