Far East Capital Newsletter
Lindian has been beavering away with an expanding bauxite growth strategy in Guinea
31 Jul 2021

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Lindian has been beavering away with an expanding bauxite growth strategy in Guinea

The big companies continued to make new highs during the week while the junior companies churned out quarterly reports. Back in the olden days we used to hang out for the quarterlies because that was a chance to find out what had been going on in the previous three months. However, with continuous disclosure, there shouldn't be anything new in a quarterly review. Maybe they give companies a chance to repackage and restate their message, but for the most part these quarterlies are a wasteful duplication of effort. There isn't enough time to read them, so I don't bother trying.

Last week we did see an interesting corporate move by BHP to secure a battery metal projects in Canada via a take-over bid. This could be an important indicator of what we can expect across the sector. Continuing with this theme we are seeing lithium and rare earth stocks improving, with the larger companies outperforming the juniors.

This week we have revisited Lindian Resource to see how its bauxite initiative is progressing in Guinea. So far so good.
 

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