RE:So?I found the comment from NovaScotia bank somewhat interesting. I think this board has a long time been eluding to the same thing.
Only thing I wonder is if we are actually in contact with other majors? Someone with a bit more knowledge maybe could help and enlighten me; if we are in serious contact with other majors is the comapny allowed to disclose this or does the major usually want to keep this information away from the public?
I feel like we wont get any information about it in the up coming CRUX investor interview, albeit one can hope.
“Cashed-up miners, limited internal growth opportunities, shareholder pressure to rebalance asset portfolios towards ESG friendly commodities, a relatively unattractive current risk-reward profile for constructing larger scale projects, and discounted market valuations for … assets, appears to have set the stage for the next mining M&A cycle,” the Scotiabank report said.
It also said the current weakness in the market has “opened the door for potential opportunistic bids by larger companies and that investors should “better understand how valuable these assets truly are, especially in a decarbonizing world with excellent long-term demand drivers and few sources of obvious supply growth.”