S32 - South32 Limited

[farmerge]

South32 Secures Approval for Worsley Mine Expansion​

South32 Secures Approval for Worsley Mine Expansion

South32 (ASX: S32), has achieved a significant milestone for its Worsley Mine Development Project by obtaining federal environmental approval

thebull.com.au

i hold S32

probably won't move the ( share price ) needle , but gives some idea of all the regulatory hurdles a production company faces ( in current times )

Particularly in the Jarrah forests of the South West of WA.

 

[Dona Ferentes]

nmS32 net cash position increased by $US299 million to $US252 million ($395 million) in the latest quarter, partly due to a one-off $100 million receipt from operational agreements at its Worsley Alumina project in Western Australia.

As well, it was buoyed by its operating results and a partial unwind in working capital.

“Looking ahead, our focus on operating discipline, active cost management and a strong balance sheet leaves us well positioned to manage a period of potential uncertainty in global markets,” South32 chief executive Graham Kerr said.

 

[rcw1]

nmS32 net cash position increased by $US299 million to $US252 million ($395 million) in the latest quarter,

Hi @Dona Ferentes confirming the cash position is US$395 million?
Have a very nice day, today

Kind regards
rcw1

 

[Dona Ferentes]

Hi @Dona Ferentes confirming the cash position is US$395 million?
Have a very nice day, today

Kind regards
rcw1

from a negative to a positive number... but no , it's A$ ...

Convention says Aust company but report in USD. $US252 million or A$395 million

with the footnote

1. Net cash number is unaudited and should not be considered as an indication of or alternative to an IFRS measure of profitability, financial performance or liquidity.

 

[divs4ever]

South32 Announces CEO Transition​

South32 Announces CEO Transition

South32 Limited (ASX: S32) ,revealed that Matthew Daley is appointed as Deputy CEO in February 2026 and will later succeed Graham Kerr as CEO

thebull.com.au

i hold S32 ( partly due to the BHP demerger )

hmmm

that will bump S32 further down my priority list ( to top up )

hint it ain't in the top 20 on that list as it is currently

looks like more acquisitions and long-winded asset developments ( but i hope i am wrong on that )

 

[ShareSuccess]

South32 Announces CEO Transition​

South32 Announces CEO Transition

South32 Limited (ASX: S32) ,revealed that Matthew Daley is appointed as Deputy CEO in February 2026 and will later succeed Graham Kerr as CEO

thebull.com.au

i hold S32 ( partly due to the BHP demerger )

hmmm

that will bump S32 further down my priority list ( to top up )

hint it ain't in the top 20 on that list as it is currently

looks like more acquisitions and long-winded asset developments ( but i hope i am wrong on that )

From it's Current price i can see 40% upside & have put it on my Watch/Wait List, may be a Nice Trade in the near Future!

 

[divs4ever]

From it's Current price i can see 40% upside & have put it on my Watch/Wait List, may be a Nice Trade in the near Future!

good luck with that

i see mid-term disappointment as the new CEO ( when he gets to the top job ) to go for more greenfield and brownfield projects while trying to pivot further away from coal ( which are mainly active mines )

but completing that transition is still months away , maybe @Sean K can get that graceful exit , if he chooses to take it

theoretically my S32 cost me less than $1

after buying some ( extra ) @ $2.63 in August 2019 , and reducing @ $4.40 in March 2023 and further reducing @ $3.64 in March 2025 ( rescuing the cash investment 3 times over )

while i have done very nicely here , personally , i have found the company rather disappointing