March 4, 2024

Why did Albemarle raise >US$2b?

Plenty to chat about as Albemarle (ALB.nyse) rattles the tin in a big way whilst 29 Metals (29M) made a change at the top. 

The Battle for Nyanzaga rumbles on with OreCorp’s (ORR) AGM being held late last week while First Quantum (FM.t) have had a massive job deleveraging their balance sheet. 

When then had a dive into the PGM (or PGE?) market which is having a very tough time before rounding off with drill results from Wildcat (WC8) & Spartan (SPR).

All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional.

Podcast Partners:


VRIFY – Communicate in 3D

grant@vrify.com


GetWet Solutions – Innovative Bladder Tanks for mobile Water storage on your Mine Site

Matt.hall@getwetsolutions.com.au


DSI Underground – Ground Support gurus

https://www.dsiunderground.com/contact


SMEC Power & Technology – Electrical experts

sales@smelectrical.com.au


Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more

seamus@anytimees.com


KCA Site Services – Underground mining machine

admin@kcasiteservices.com.au


Brooks Airways – Perth’s leading charter flight operators

ops@brooksairways.com

 

K-Drill – Safe, reliable, and productive surface RC drilling 

ryan@k-drill.com.au


Money of Mine MERCH here


Join our exclusive Facebook Group for the Money Miners

 

Subscribe to the HOOTEROO HERALD

 

Money of Mine YouTube

 

Money of Mine Twitter

 

Money of Mine LinkedIn


(0:00:00)Intro

(0:03:06)Albemarle launch HUGE capital raise

(0:12:14)Big news out of 29 Metals

(0:16:44)The Battle for Nyanzaga rumbles on 

(0:20:58)First Quantum's massive deleveraging 

(0:27:43)What's going on with PGM's?!

(0:34:28)Wildcat & Spartan's news from the drillbit