Is Activism Brewing at Delta Lithium? New Heights for WA1 & Private Equity Turns to PNG Lime!?

At Money of Mine, we find a way to make even the “slow news days” jam packed with juicy content. To kick things off, we go deep into the financing of a project in a maligned country and in a commodity we have never talked about before. London PE group, Appian, together with Sir Mick Davis’ Vision Blue, are pulling together a finance package that would see Mayur Resources’ (MRL) Central Lime Project in Papua New Guinea developed. We try unpack what the read-through is in relation to the funding dynamics of PE funds.

Then we look at WA1’s recent run (ding ding ding), we ask the question, is there some shareholder activism brewing at Delta Lithium? We talk about Regal’s acquisition of 50% of Taurus Funds Management and wrap up with a look at New World Resources’ royalty finance deal.

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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Timestamps:

(0:00) Preview

(0:26) Intro

(1:13) Matty’s Underground Mayhem

(7:41) Mayur (MRL) gets Financing for PNG Lime Project

(20:26) WA1 Infill Results Impress

(23:05) Trav smells shareholder Activism Abound at Delta (DLI)

(29:20) Regal Funds Management Acquires 50% of Taurus

(32:56) New World Resources (NWC) Royalty Financing from Trident