Not that the link is obvious or important but I thought that I'd mention that I have a holding (via private equity) in Barminco.
Barminco has just agreed to merge with Ausdrill (ASL) to form the second biggest mining/ mining services group in Aust. (after Theiss). clients2.weblink.com.au/news/pdf_2%5C02009555.pdf
To help spell out the linkages:
1) I have to evaluate whether to hold my Ausdrill shares into mid-2019. As part of that, I will need to examine the drivers of mining profitability (metrics) in some detail. The mining detail is what I'm hanging out for in the CZI's PFS.
OZL themselves will have to make a decision whether to mine themselves or use a contractor and if so what unit operations (e.g diamond drilling, trucking, blasting).
2) In the presso above maca, our sig. s/h shows up as the 9th biggest mining services group on page 18.
It's drilling down (pun intended) into the detail that helps make our best decisions and I'm just helping flag points now. While things are quiet/ boring.
CZI Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
