Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

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.

Equity Bottom-Up

<ul><li>Woodsmith project is a novel mine in the UK owned by Sirius Minerals, later acquired by Anglo.</li><li>The project involves extracting polyhalite, a nutrient-rich mineral, from a deep underground seam.</li><li>Local residents became shareholders in the project, with 85,000 retail shareholders, 10,000 of which were from the York area.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Woodsmith project is a novel mine in the UK owned by Sirius Minerals, later acquired by Anglo.The project involves extracting polyhalite, a nutrient-rich mineral, from a deep underground seam.Local residents became shareholders in the project, with 85,000 retail shareholders, 10,000 of which were from the York area.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Our intern investigates the $5 Billion mine that won’t work (it’s Woodsmith)

Materials, IPO & Equity Analyst

Venkat Ramana Nandyal

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<a href="https://www.smartkarma.com/entities/anglo-american-plc" target="_blank" data-smartkarma-citation="entities:21798:1" rel="noopener">Anglo American (AAL LN)</a> has made a firm bid for <a href="https://www.smartkarma.com/entities/sirius-minerals-plc" target="_blank" data-smartkarma-citation="entities:23517:1" rel="noopener">Sirius Minerals (SXX LN)</a> offering GBp 5.5/share valuing <a href="https://www.smartkarma.com/entities/sirius-minerals-plc" target="_blank" data-smartkarma-citation="entities:23517:1" rel="noopener">Sirius Minerals (SXX LN)</a> at £386M (or US$505M). Anglo American has made a firm offer today as required under UK takeover rules. If approved the deal is expected to close by end of March 2020.  Sirius Minerals is still in the construction phase and requires significant funding to ramp up its Polyhalite production capacity to 13mtpa. Anglo American bid provides a lifeline for ramping up the project, reducing financing risk. Although the bid is a 33% premium to pre-offer close price, Sirius has lost ~85% of its value in 2019 after it pulled out of debt raise of US$500M in September 2019.We believe that this would be the best offer for current Sirius Minerals shareholders' given the current market conditions and cash flow situation of the company.

Anglo American (AAL LN) has made a firm bid for Sirius Minerals (SXX LN) offering GBp 5.5/share valuing Sirius Minerals (SXX LN) at £386M (or US$505M). Anglo American has made a firm offer today as required under UK takeover rules. If approved the deal is expected to close by end of March 2020.  Sirius Minerals is still in the construction phase and requires significant funding to ramp up its Polyhalite production capacity to 13mtpa. Anglo American bid provides a lifeline for ramping up the project, reducing financing risk. Although the bid is a 33% premium to pre-offer close price, Sirius has lost ~85% of its value in 2019 after it pulled out of debt raise of US$500M in September 2019.We believe that this would be the best offer for current Sirius Minerals shareholders' given the current market conditions and cash flow situation of the company.

Anglo American Bid For Sirius: A Lifeline for Sirius Investors

United Kingdom

Sirius Minerals Plc, a fertilizer development company, engages in the evaluation and exploration of resource properties in the United Kingdom and internationally. The company explores for polyhalite resources. Its North Yorkshire polyhalite project is located in the United Kingdom. Sirius Minerals Plc was incorporated in 2003 and is based in London, the United Kingdom.

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Sirius Minerals (SXX LN)

Our intern investigates the $5 Billion mine that won’t work (it’s Woodsmith)

The Woodsmith project, a significant part of Anglo's portfolio, is a large underground mine in the northeast of England with a resource estimate of...

Money of Mine

Anglo American Bid For Sirius: A Lifeline for Sirius Investors

Anglo American (AAL LN) has made a firm bid for Sirius Minerals (SXX LN) offering GBp 5.5/share valuing Sirius Minerals (SXX LN) at £386M (or...

Venkat Ramana Nandyal

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