Weekly Wrap + The Canyon Conspiracy
About this episode
The episode discusses the troubling financial situation surrounding Canyon Resources and various developments in the mining sector.
We spent the week pulling apart Canyon Resources, and what came out is the sort of story that should worry anyone who has ever held a minority stake in a single asset developer. A billion tonne bauxite project in Cameroon, a fully funded announcement, and then $170m of equity at 26 cents that simply never arrived. Four months later the controlling shareholder was offering those same minorities five cents. In this ep, we discuss: - The Canyon expose - Regis burying a $240m catch-up tax payment, and why quarterly cash builds now flatter every goldie - The dividend round: Alkane's first-ever payout, Genesis surprising, and Northern Star's buyback that probably never completes - Ausgold going to OceanaGold, and why the marginal buyer is no longer the Aussie mid-tier - Mt Cattlin M&A goss - Lindian's red flag- Copper's all time run …………...… DIRECTOR'S SPECIAL EMAIL Join 18k+ subscribers to the Director’s Special : one daily email with all the news that matters in mining …………… TIMESTAMPS (0:00) September…
Topics covered
- Canyon Resources
- bauxite project
- equity funding
- dividends
- M&A
- tax payments
- mining industry
Keywords
- Canyon Resources
- bauxite
- equity
- dividends
- mining
- tax
- M&A
Mentioned in this episode
Organizations: Canyon Resources, Regis, Alkane, Genesis, Northern Star, Ausgold, OceanaGold, Lindian
Products: Copper
Places: Cameroon
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