Citadel-MAGNUS brings you a daily update from the 2021 Diggers & Dealers conference in Kalgoorlie.
AGENDA
Major to watch – IGO Limited
What a way to kick off our ‘Major to watch’ section! IGO takes the stage at 11.55am and Peter Bradford has a reputation for giving excellent presentations, so make sure you get there early to secure a spot!
It has been a huge 12 months for the team at IGO as the Company continues its clean energy transition with the completion of the lithium JV with Tianqi and the divestment of the Tropicana gold interest. With IGO’s recent acquisition of the Silver Knight nickel-copper-cobalt sulphide deposit from Creasy Group (65% IGO and 35% Creasy Group) the big question is: “Could they replicate the success of Nova?” Time will tell!
If you would like to speak to Peter and the IGO team in person head over to booth 53.
Junior to watch – Venturex
It has been a cracking 2021 so far for Venturex! After raising $14 million at 8c in February, the Company is now trading ~78c with a market cap of $480m – what a 6-month return!
Managing Director Bill Beament will give his first Diggers & Dealers presentation post-Northern Star and it is sure to be well attended with everyone eager to gain some insight into what Bill has planned for the Company, especially since announcing last week the start of a $10 million drill program at its 100%-owned Sulphur Springs Copper-Zinc Project.
Make sure you catch this one at 1:40pm.
Junior to visit – Neometals
Chris Reed and the Neometals team are not presenting this year at Diggers, but make sure you pop across to booth 47 to get an update on the Company’s moves.
Neometals has enjoyed an excellent 12 months with the share price running from ~15 cents last August to ~57c today, valuing the Company at $310 million. Chris and Commercial GM Jeremy McManus will be more than happy to run you through the progression of their core project portfolio which includes the Lithium Battery Recycling Plant, Barrambie Titanium/Vanadium Project and the Nickel spin-out of Mt Edwards – Widgie Nickel Limited.
After hours:
For a three-day conference, you would think Sunday night would be relatively gentle. But, there must be something about Kalgoorlie that gets people a little bit excited, because there were no shortage of punters filling the signature pubs. Could be a long conference…
As usual, a lot of stockbrokers seems to go hard early, so it will be interesting to see who surfaces, and who doesn’t, today.
Monday night is cocktail night with a host of bankers and lawyers throwing shindigs, including Steinepreis Paganin upstairs at the Palace Hotel, Macquarie’s event at the Hannan’s Club and EurozHartleys’ traditional knees-up at the Kalgoorlie Hotel, otherwise known as Judd’s Pub.
Citadel-MAGNUS, of course, has invites to all of them and will bring any juicy updates tomorrow.
A victim of the last-minute East Coast lockdown has been site visits. Traditionally the weekend before Diggers is wall-to-wall site visits with delegates using the chance of a trip to Kalgoorlie to get the boots dirty. Alas, this year the axe fell on most of them.
TALKING POINTS
There will be considerable interest in the wise words of keynote speaker Professor Ian Goldin and his views on where the global economy and commodities markets are heading.
Professor Goldin recently published a book called Rescue about how to use the current crisis to make a better world. He’s optimistic about the future, if both governments and their citizens seize the moment to make real change. “The old orthodoxy has to be permanently thrown out the window, not temporarily,” he said.
LAST WORDS
“If the market performs like it did in the past 12 months, I won’t be here next year, I’ll be retired.” – A young corporate executive.
“Watch out for gold, copper, nickel, lithium, iron ore, rare earths……actually watch out for every commodity, this supercycle is just starting out.” – A well-known Perth broker.
