Mello Tuesday....Investing in Metals and Mining show tonight
This event started as a follow up to our very popular Gold show last November but has morphed into a much wider coverage of the potential super cycle in commodities and natural resources with four companies presenting. You will also recognise the two investors taking part as speakers and panelists
We have three really good keynote talks and a panel session at the end all with audience Q&A. I would like to offer you all the opportunity to come and join us and if you use this code MTGold70 you will get 70% off your ticket when purchased.
As a huge bonus for any of you who have never attended a Mello virtual event before I would like to offer a complimentary ticket so you can give it a try and for that free entry you need the code GoldComp1603
Here is the webpage link and programme https://melloevents.com/mellotuesday-investing-in-gold-mining/
18:00 Welcome and Introduction to Mello Tuesday
18.05 John Meyer investigates: Are we in a new commodity supercycle, or is one coming?
18:30 Company presentation - Caledonia Mining Corporation with Q&A
19:00 Company Presentation – Taseko Mining with Q&A
19:30 Introducing the new Amati Natural Resources team
19:50 Company Presentation – Condor Gold, with Q&A
20:20 Edmund Shing talks about how an ESG strategy & commodities can dovetail together
20:30 Company presentation - AfriTin Mining Limited with Q&A
21:00 Gold & Mining panel session – A round table discussion with audience Q&A (John Meyer, Edmund Shing, Mark Bentley and Amati)
Hope you all enjoy
David
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12 comments
I'm still scratching my head over the copper super-cycle stuff and the claims that EVs are responsible. Just based on page 1 googling:-
Current annual demand: 28m tn
EV takes 60kg more Cu than petrol (80-20)
Worldwide annual car sales: 70m units
So if 10% of petrol sales are displaced by EVs (possibly well overstated for now - may be true for wealthy nations but surely take-up will be slower in emerging markets other than China) my fag packet translates this to incremental annual demand of 0.1 x 70m x 60kg = 0.4m tn, or 1.5% of total Cu demand.
Yes I get that hybrids will add a bit (40kg Cu content), likewise charge stations (but they're what 1 per 50-100 EVs?) plus some more for associated high current wiring. Is this really enough to tip the scale that much against normal year to year fluctuations in car sales, which I assume are still well depressed by covid?
Windfarms were also mentioned - I'm sure they consume a lot of Cu but construction has been progressing for years now and a fair part of the UK coastline is already surrounded by offshore farms. Is the build rate really escalating? SP of Vestas and Oersted is well off their highs.
Data centres strike me as another possible demand culprit.
So, overall I can see EVs being a major factor in years to come, but I'm not that convinced of their impact currently especially given the reduction in construction activity from covid. Is there not time for production to be stepped up and new mines brought on-line before a supply/demand crisis develops? Could the 'super-cycle' be just an new investment marketing theme promoted by the likes of Goldmans?
I do get that rare earths maybe much more impacted by EV growth than 'mundane' copper.
Possible counter points to consider:
Trans-siberian Gold (LON:TSG)
Does anyone have any thoughts on the offer by Horvik for TSG at 118p? Seems like a very low offer to me. One thing that caught my eye in the Directors' justification for recommending the Offer was the statement that:
" The outlook for gold is uncertain, with market consensus on the long-term price of gold being materially below that of the current spot price"
If gold mining company directors aren't long term bullish on the price of gold given govt & CB interventions, then who is?
Seems v. odd to me.
given the recent mineral resource uplift announcement especially, I think the bid is quite a low offer.
that said I've sold rather than sitting it out - no guarantees of a counter offer and if the management are this keen to cut and run, why would they work harder for it..
Highland Gold Mining (LON:HGM) not too long ago similarly snapped up at a similarly cheap rate, given the potential.
Hello David,
just wanted to thank you for the session last night - a lot must have gone into this in the background to get it all lined up (esp. given the calibre of the speakers). As a relative newcomer to this sector, I very much enjoyed both the depth and the breadth of it - certainly looking forward to future events now!
Kind Regards,
I just thought I'd mention the Amati Precious Metals Fund being launched this month for those looking into mining. This video gives more insight.
Hi David thanks for organising this, commodities don't feature so readily on Stocko in terms of comments. The annual Mello pass (which I treated myself to this Jan) is amazing value... I'm on no commission BTW :-). and this was is a brucie bonus !! Keep up the great work.
thanks
Hi David, will this be recorded and available to refer back to or will note taking be advisable?... Cheers...
It will be recorded but only sent out to those who register and attend on the night as we assume all others do not have any interest in gold, metals and mining.
Hi David can the Mello annual pass be used for this event?
Yes.....this is a bonus event for all annual pass holders so you can join for free. You will be getting an email with the link for you to join today. Or go to the AP members page to get links and of course all the recordings are there too.
Annual passes are still available for those who do not have one and great value.