Tshepo Magagane Hudbay sells 30% of the project for an implied valuation of USD2bn – Tier 2 project and focuses on the Cu grades in the attached. Why whoever solves this conundrum of these 0.6-1% projects in Zambia will unlock generational wealth creation multiples of what we saw with Iron Ore in Australia. This is […]
Strategic Equities in Mining
By Tshepo Magagane They are no longer there but remember that they unlocked every project you see out there producing across different commodities. Without them the world of Mine Finance is excessively challenging. NB: remember these stats – our team had a book of USD10bn (I am excluding PF, DL, SL, TF here) to support […]
The Emperor Truly Has No Clothes
By Tshepo Magagane When QE started post GFC, the below was our overriding thesis at the HF – note the emphasis on real assets such as Commodities; it is even more urgent now, the USD is being debased (the US is like an EM country that has been taken over by a military dictator – […]
🎯OST: A Case Study Of“Push‑and‑Dump”
By Ceaser Siwale ⚡️ Price Action Summary Between mid‑June and early July, OST skyrocketed from ~$3.16 to ~$9.02, driven by heavy volume and speculative chatter, only to be followed by a brutal collapse: 📉 Financial Snapshot: Fundamentals in Decline Despite the rally attempt: 🔍 Suspicion of “Pump‑and‑Dump” Key hallmarks appear in trading data and community activity: 🧠Technical & Volume Behaviour đź’µ Business vs […]
No One Is Coming To Save Us!
Africa capital solutions starting to take shape… We just did last mile capital into PF for a mining project; this was local capital! We are working to unlock the Western Corridor of Zambia – DBSA, FQM, BHL, and others – local & regional capital pools! Why I always say, you need for the GEPF, PIC, […]
Mining Mergers & Acquisitions
By Tshepo Magagane Mining M&A, does it solve anything? – the biggest problem is that it does not bring virgin ore to the market and worse, the ecosystem of juniors being turned into mid-tier single projects and then being acquired by the majors has totally broken down. In addition, capital from Merchant Banks is lacking […]
MSCI Metals v World (Mining Returns)
By Tshepo Magagane Banking is about creating that deal list! I never really got any reprieve when we joined from the M&M team (was sector agnostic largely) but it was honestly deal after deal! People who made proper money in mining positioned in the late 90s into the early 00s – that is when you […]
Higher Finance In Mining
By Tshepo Magagane Cap-floor-mechanisms – why did lenders stop requiring hedging as part of the CP for Project Finance? Hedging makes money for the provider, not the producer – see the hedge unwind costs that normally go through the P&L of miners… …well over 2 decades including the last super-cycle – have never seen it […]
Dr. Samuel Maimbo’s AfDB Bid: Lessons in Regional Unity and Strategic Leadership
Final Thoughts By Ceaser Siwale (31.05.2025) The recently concluded election for the presidency of the African Development Bank (AfDB) saw Zambia’s Dr. Samuel Munzele Maimbo mount a determined and commendable campaign, ultimately concluding with the victory of Mauritania’s Dr. Sidi Ould Tah. While Dr. Maimbo’s candidacy was backed by impressive technocratic experience and innovative reform […]
Sidi Ould Tah Elected New President of the African Development Bank
Observations By Ceaser Siwale (30.05.2025) Mauritanian economist and seasoned development finance expert Sidi Ould Tah has been elected as the ninth President of the African Development Bank (AfDB), securing an overwhelming 76.18% of the vote at the bank’s annual meetings held in Abidjan, CĂ´te d’Ivoire. He is set to succeed Nigeria’s Akinwumi Adesina and will […]