Why Lotus is Merging with A-Cap + Abyssinian’s Response to the 249D

We start today’s pod in the best way we know how, with some more Banjo Paterson-esque poetry.

Then, for the news, we share what the Abyssinian board had to say in response to the 249D (action to remove the board) discussed on Tuesday’s episode with Rusty of Nero and Eddie of Argonaut.

We crack on with more deals – Lotus (LOT.asx) and A-Cap Energy (ACB.asx) to merge via a Scheme of Arrangement… what is the rationale here?

To round off we share our ideas on AIC Mines (A1M.asx) release of the Maiden Ore Reserve at Jericho in Northern Queensland and what they’ve got in store to scale up to a 20ktpa copper producer!

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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Chapters:

(0:00) Preview

(0:31) Intro

(1:10) Some Poetry

(4:52) Abyssinian Rebuttal

(8:45) Lotus to merge with A-Cap

(16:33) AIC Mines release Jericho Reserve