Why MINs bailed out of DVP + What’s the next gold deal?

Money of Mine

09-04-2024 • 35 mins

Today kicked off with a chat about the news that MinRes (MIN) had sold out its 14% stake in Develop (DVP) to a group of investors, before getting into a gold speculation, touching on Westgold, Karora, Ramelius, Northern Star, De Grey, Spartan and Newmont (Telfer).

On the gold theme, we picked over Solstice’s (SLS) Hobbes sale to Northern Star (NST), pondering whether juniors may start getting some more love, before discussing Manuka’s (MKR) hopefully ambitions in the Cobar and lastly, Prospect Resources (PSC) picking up a Zambian copper project.

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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.

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(0:00:00)Introduction

(0:01:23)Why did MINs trade its DVP stake?

(0:05:38)What's the next gold deal?

(0:17:23)Solstice cash in Hobbes to Northern Star

(0:23:40)Manuka's hopefully ambitions in the Cobar

(0:30:25)Prospect Resources get into Zambian copper