Sound Point Meridian Capital, Inc.(SPMC)
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South Pacific Metals Successfully Completes Warden's Hearing on Renewal of Exploration Licence for Kili Teke Copper-Gold Project
Newsfile· 2025-03-31 11:30
Core Viewpoint - South Pacific Metals Corp. has successfully completed the Warden's Hearing for the renewal of Exploration License EL 2310 for the Kili Teke Copper-Gold Project in Papua New Guinea, which hosts significant inferred mineral resources [2][3]. Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company with a land package of 3,100 km² in Papua New Guinea, focusing on responsible exploration and community engagement [10][12]. - The company is committed to ethical and environmentally sustainable practices in its exploration activities [6]. Project Details - The Kili Teke Project covers an area of 253 km² and is located approximately 40 km west of the Porgera Gold Mine, with an inferred mineral resource of 1.81 million ounces of gold, 802 thousand tonnes of copper, and 40 thousand tonnes of molybdenum [2][4][8]. - The project was acquired from Harmony Gold Exploration Limited in 2023, which had previously conducted extensive exploration, including 36,000 meters of diamond drilling at an estimated cost of US$20 million [4][8]. Exploration and Development - The Warden's Hearing for the renewal of EL 2310 took place on March 11, 2025, with support from local landowners and community stakeholders [3]. - Recent exploration efforts have identified 10 new targets near the Central Porphyry, with various mineralization styles, including bulk-tonnage copper-rich and high-grade skarn targets [5][6]. - The company is currently focused on landowner mapping and community engagement to prioritize high-grade skarn and Porgera-style gold discoveries [6]. Technical Information - The Central Porphyry hosts an inferred mineral resource of 1.81 million ounces of gold, 802 thousand tonnes of copper, and 40 thousand tonnes of molybdenum, with a total of 237 million tonnes at grades of 0.34% copper, 0.24 g/t gold, and 168 ppm molybdenum [2][8]. - Historical drilling has shown high-grade results, including 12.98% copper and 11.75 g/t gold over 7.8 meters [5].
The Tide Is Changing, Be Prepared With CLOs To Keep The Income Streaming In
Seeking Alpha· 2025-03-05 13:56
Core Viewpoint - The stock market experienced a significant bull run from late 2022 through the end of 2024, primarily driven by the "Magnificent Seven" stocks, also referred to as Mag 7 stocks [1] Group 1: Market Trends - The bull run was characterized by a strong performance of high-yield income stocks and funds, including Business Development Companies (BDCs), Real Estate Investment Trusts (REITs), Closed-End Funds (CEFs), and Exchange-Traded Funds (ETFs) [1] - The article highlights the importance of understanding market psychology alongside financial metrics, indicating a dual focus on behavioral and financial analysis in investment strategies [1] Group 2: Investment Strategy - The focus is on income-oriented investing, particularly in dividend-paying stocks, to enhance retirement income beyond traditional sources like pensions and Social Security [1] - The narrative emphasizes the need for individual investors to conduct their own due diligence before making investment decisions, reflecting a cautious approach to stock market participation [1]
SPMC: Outperformance And Income Growth Catalysts For This 13.7% Yielding CEF
Seeking Alpha· 2025-03-05 09:47
Group 1 - The article provides an update on the CLO Equity CEF Sound Point Meridian Capital (NYSE: SPMC) following the release of its Q4 numbers [1] - It discusses the broader sector related to CLO Equity CEFs, indicating a focus on market trends and performance [1] - The article encourages exploration of Systematic Income and their Income Portfolios, which are designed with yield and risk management in mind [1] Group 2 - The article mentions the availability of Investor Guides for CEFs, Preferreds, and PIMCO CEFs, suggesting resources for investors [2] - It promotes a no-risk trial for potential investors, highlighting a 2-week free trial offer [2]
South Pacific Metals Announces Commencement of 2025 Gold-Copper Exploration Programs Following Successful Financing
Newsfile· 2025-02-18 22:35
Core Viewpoint - South Pacific Metals Corp. has successfully closed a C$6.3 million financing, enabling the company to advance extensive exploration programs across its four gold-copper projects in Papua New Guinea [1][3]. Exploration Activities - Upcoming exploration activities at the May River, Osena, Anga, and Kili Teke Projects will include systematic sampling, trenching, and drilling to define and expand the mineral potential of each property [2]. - The exploration programs aim to build on existing geological data, confirm high-priority targets, and advance the projects toward potential resource delineation [2]. Financial Backing and Strategy - The company is poised to move forward with its exploration strategy, having secured full financial backing, which allows for aggressive advancement of its projects [3]. - Surface exploration programs will continue to identify additional targets, while drilling will focus on high-potential areas confirmed in the previous year [3]. Investor Relations - The company has engaged Danayi Capital Corp. to provide investor relations and digital marketing services, subject to acceptance by the TSX Venture Exchange [4]. - The services will include digital media, marketing strategies, and advertising for a fee of US$50,000 for one trial month, with the option to extend the agreement [5]. Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company operating in Papua New Guinea's proven gold and copper production corridors, with a 3,100 km² land package [6]. - The company’s projects are strategically located near major producers, with Anga and Osena Projects flanking K92's operations, and Kili Teke situated near the Porgera Gold Mine [7].
Sound Point Meridian Capital, Inc.(SPMC) - 2025 Q3 - Earnings Call Transcript
2025-02-12 20:03
Sound Point Meridian Capital Inc (NYSE:SPMC) Q3 2025 Earnings Conference Call February 12, 2025 10:00 AM ET Company Participants Peter Sceusa - Investor Relations Ujjaval Desai - Chief Executive Officer Kevin Gerlitz - Chief Financial Officer Conference Call Participants Randy Binner - B. Riley Erik Zwick - Lucid Capital Markets Operator Good morning, ladies and gentlemen, and welcome to the Sound Point Meridian Capital, Inc. Third Fiscal Quarter Ended December 31, 2024 Earnings Conference Call. At this tim ...
Sound Point Meridian Capital, Inc.(SPMC) - 2024 Q3 - Earnings Call Presentation
2025-02-12 15:30
The information presented herein including, but not limited to, Sound Point's and SPMC's organizational structure, investment experience/views, returns or performance, investment strategies, market opportunity, risk analysis and management, representative investments, benchmarks, investment process, portfolio construction, as well as expectations and targets may involve our subjective views, include assumptions and estimates as well as facts and information from third party sources believed to be accurate a ...
South Pacific Metals Announces Closing of Upsized C$6.3 Million Financing and Welcomes Jonathan Rubenstein to Its Board of Directors
Newsfile· 2025-02-04 12:30
South Pacific Metals Announces Closing of Upsized C$6.3 Million Financing and Welcomes Jonathan Rubenstein to Its Board of DirectorsCompany Retains Agentis Capital Mining Partners for Advisory ServicesFebruary 04, 2025 7:30 AM EST | Source: South Pacific Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - February 4, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (FSE: 6J00) ("SPMC" or the "Company") is pleased to announce that is has closed its previously announced non-brokered privat ...
South Pacific Metals Upsizes its Previously Announced $4 Million Non-Brokered Private Placement Offering to $6.3 Million in Response to Investor Interest
Newsfile· 2025-01-20 20:05
Core Viewpoint - South Pacific Metals Corp. has increased its non-brokered private placement offering from $4 million to $6.3 million due to heightened investor interest [1]. Group 1: Offering Details - The offering will consist of up to 13,125,000 units priced at C$0.48 per unit, aiming for gross proceeds of up to C$6,300,000 [1]. - Each unit includes one common share and one-half of a share purchase warrant, with each whole warrant exercisable at $0.90 for 24 months [2]. - The offering is expected to close on or about January 29, 2025, pending necessary regulatory approvals [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration work on the company's properties in Papua New Guinea, as well as for general administrative and working capital purposes [3]. Group 3: Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company with a land package of 3,100 km² in Papua New Guinea, focusing on four key projects: Anga, Osena, Kili Teke, and May River [5]. - The Anga and Osena projects are located in the Kainantu Gold District, with potential for high-grade mineralization similar to that of K92 Mining [6]. - Kili Teke is an advanced exploration project with an existing inferred mineral resource, while May River is adjacent to the Frieda River copper-gold project, indicating significant untapped potential [6].
South Pacific Metals Announces Change of Auditor and Change in Year-End
Newsfile· 2024-12-20 13:00
Vancouver, British Columbia--(Newsfile Corp. - December 20, 2024) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company") announces that it has changed its auditor from Smythe LLP (the "Former Auditor") to Davidson & Company LLP (the "Successor Auditor") effective December 10, 2024.In accordance with National Instrument 51-102 Continuous Disclosure Obligations ("NI 51-102"), the Company has filed a Notice of Change of Auditor with respect to the resignation of the For ...
SPMC: New CLO Equity CEF Raises Monthly Dividend Again, Now Yields 13%
Seeking Alpha· 2024-12-12 17:02
Core Viewpoint - The article discusses the appeal of closed-end funds (CEFs) that invest in collateralized loan obligations (CLOs), particularly CLO Equity, for income-oriented investors seeking high yield income to support their retirement lifestyle [1]. Group 1: Investment Strategy - The focus is on income-oriented investment strategies, particularly in high-yield assets such as dividend-paying stocks, business development companies (BDCs), real estate investment trusts (REITs), CEFs, and exchange-traded funds (ETFs) [1]. - The author emphasizes the importance of conducting thorough research and making informed long-term investment decisions, especially after experiencing market downturns like the Great Recession [1]. Group 2: Market Insights - The article highlights the author's interest in market psychology and trends in technology and finance, indicating a holistic approach to understanding investment opportunities [1]. - It notes that past performance is not indicative of future results, suggesting a cautious approach to investment decisions [2].