Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.

Equity Bottom-Up

<ul><li>Boss Energy, an Australian uranium producer, saw a significant drop in stock price following the sale of shares by three directors.</li><li>The directors sold a substantial amount of their stock, representing 83%, 63%, and 63% of their ordinary shareholdings respectively.</li><li>The high volume of trading on the stock on the day of the sale has raised concerns about the timing and implications of the director's actions during a critical phase of the company's life cycle.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Boss Energy, an Australian uranium producer, saw a significant drop in stock price following the sale of shares by three directors.The directors sold a substantial amount of their stock, representing 83%, 63%, and 63% of their ordinary shareholdings respectively.The high volume of trading on the stock on the day of the sale has raised concerns about the timing and implications of the director's actions during a critical phase of the company's life cycle.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

APAC IPOs & Placements, Aequitas Research

Ethan Aw

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/boss-energy" target="_blank" data-smartkarma-citation="entities:4823:1" rel="noopener">Boss Energy (BOE AU)</a> is looking to raise up to A$205m (US$135m) through its primary placement. The proceeds will be used to fund an acquisition and replenish working capital. </li>
<li>The deal will be a large one to digest, at 19.7 days of three month ADV and 14% dilution.</li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>



Boss Energy (BOE AU) is looking to raise up to A$205m (US$135m) through its primary placement. The proceeds will be used to fund an acquisition and replenish working capital. 
The deal will be a large one to digest, at 19.7 days of three month ADV and 14% dilution.
In this note, we will talk about the placement and run the deal through our ECM framework.


Boss Energy Placement - Heavy Dilution and Doesn’t Appear Well Flagged

Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

<ul>
<li>The December 2023 review results for ASX indices were announced after the close on Friday 1st December 2023.</li>
<li>There will be three ADDs and thee DELs for the ASX 200 index. There are no changes for ASX 20, 50, and 100.</li>
<li>In this insight, we take a look at our index flow expectations, trends in short interest, and the recent trading performance of the names involved in the ASX 200 changes.</li>
</ul>


The December 2023 review results for ASX indices were announced after the close on Friday 1st December 2023.
There will be three ADDs and thee DELs for the ASX 200 index. There are no changes for ASX 20, 50, and 100.
In this insight, we take a look at our index flow expectations, trends in short interest, and the recent trading performance of the names involved in the ASX 200 changes.


Quiddity ASX Dec 23 Index Rebal: Beware of Pre-Positioning

<ul>
<li>In this insight, we take a look at the potential index changes for ASX 200, 100, 50, and 20 in the run up to the December 2023 Rebalance.</li>
<li>There are only five more working days left in the 6-month reference period for the December 2023 rebalance event. </li>
<li>The expectations presented in this insight are my final expectations for December 2023.</li>
</ul>


In this insight, we take a look at the potential index changes for ASX 200, 100, 50, and 20 in the run up to the December 2023 Rebalance.
There are only five more working days left in the 6-month reference period for the December 2023 rebalance event. 
The expectations presented in this insight are my final expectations for December 2023.


Quiddity Leaderboard ASX Dec 23: Three ASX 200 Changes + Origin Energy Question Mark

<ul>
<li>In this insight, we take a look at the potential index changes for ASX 200, 100, 50, and 20 in the run up to the December 2023 Rebalance.</li>
<li>There could be up to four ASX 200 changes including the intra-review changes that could potentially be triggered by M&amp;A events.  </li>
<li>The <a href="https://www.smartkarma.com/entities/origin-energy-ltd" target="_blank" data-smartkarma-citation="entities:797:1" rel="noopener">Origin Energy (ORG AU)</a>, <a href="https://www.smartkarma.com/entities/newcrest-mining-ltd" target="_blank" data-smartkarma-citation="entities:691:1" rel="noopener">Newcrest Mining (NCM AU)</a>, and <a href="https://www.smartkarma.com/entities/allkem-ltd" target="_blank" data-smartkarma-citation="entities:3572:1" rel="noopener">Allkem Ltd (AKE AU)</a> deals also could have interesting index change and/or flow implications over the next few weeks/months.</li>
</ul>


In this insight, we take a look at the potential index changes for ASX 200, 100, 50, and 20 in the run up to the December 2023 Rebalance.
There could be up to four ASX 200 changes including the intra-review changes that could potentially be triggered by M&amp;A events.  
The Origin Energy (ORG AU), Newcrest Mining (NCM AU), and Allkem Ltd (AKE AU) deals also could have interesting index change and/or flow implications over the next few weeks/months.


Quiddity Leaderboard ASX Dec 23: InvoCare, Origin Energy, New Crest, Allkem, and More

Australia

Coronado Global Resources Inc. operates as a coal mining company. The Company produces and develops metallurgical coal portfolios. Coronado Global Resources serves customers worldwide.

Alice Queen Limited provides mining services. The Company develops, explores, and produces gold, silver, copper, lead, and other metals. Alice Queen serves customers in Australia.

Strategic Energy Resources Limited is an oil and gas exploration company. The Company also maintains and cares for the Uley graphite mine in South Australia.

Karoon Energy Ltd operates as an exploration company. The Company explores and acquires oil and gas exploration assets. Karoon Energy serves customers worldwide.

Deep Yellow Limited is an advanced stage uranium exploration company progressing its core Namibian projects.

Energy Resources of Australia Limited is a uranium company which mines, processes and sells uranium oxide from the Ranger mine in the Northern Territory and uranium concentrates sourced outside Australia to nuclear electric utilities in Japan, South Korea, Europe and North America.  The Company also provides environmental consulting services.

Strike Energy Limited is an oil and gas exploration company whose exploration activities are located in the Carnarvon Basin in Western Australia and the Cooper Basin in South Australia.

Cooper Energy Limited is an oil and gas exploration company focusing its activities in the Cooper Basin of South Australia.  The Company's exploration portfolio includes six tenements located throughout the Basin.

Norwest Energy NL explores for petroleum both offshore and onshore.  The Company's core regions of operation are the northern Perth Basin and onshore southern England's Wessex Basin.

Bannerman Resources Ltd. explores for uranium in Australia and Africa.

Tide Water Oil Co Ltd manufactures automotive and industrial lubricants.

Agarwal Industrial Corporation Ltd. generates electricity and transports building materials.  The Company generates electricity with windmills, and transports bitumen.  Bitumen is used in road construction.

Pryce Corporation produces and sells industrial gases under the PryceGas brand name in the Philippines. The company operates through Real Estate; LPG, Industrial Gases, and Fuels; and Pharmaceutical Products segments. It engages in the manufacture, purchase, importation, sale, and distribution of various kinds of liquefied petroleum gas (LPG) and industrial gases, such as oxygen, acetylene, hydrogen, nitrogen, argon, carbon dioxide, nitrous oxide, compressed air and helium, and other allied or related products, including its containers, equipment, and other receptacles. As of December 31, 2015, the company operated 8 LPG marine-fed terminals and 32 refilling plants. It is also involved in the acquisition of raw land and its conversion into various developments, primarily memorial parks. The company owns and operates memorial parks in Cagayan de Oro, Iligan, Ozamiz, Polanco, Zamboanga, and Davao; and smaller-sized memorial parks in Manolo Fortich and Malaybalay in Bukidnon, Malita in Davao del Sur, Bislig in Surigao del Sur, and Alabel in Saranggani, as well as owns Pryce Plaza, a convention hotel located in Cagayan de Oro City. In addition, it distributes and sells pharmaceutical products, such as vitamins and food supplements on wholesale and retail basis. The company was formerly known as Pryce Properties Corporation and changed its name to Pryce Corporation in July 1997. Pryce Corporation was founded in 1989 and is headquartered in Makati City, the Philippines.

Kukdong Oil & Chemicals Co., Ltd. distributes imported cars, such as Volkswagen and Audi.  The Company also manufactures and markets lubricants used in machines, engines, spinners, and hydraulic cylinders.  Kukdong Oil & Chemicals also distributes liquefied petroleum gas (LPG) and produces liquid paraffin, paraffin wax, and waterproofing sheet.

Pakistan Petroleum Ltd. specializes in the exploration and production of crude oil and natural gas. The Company also sells liquefied petroleum gas and condensates.

Bristow Group Inc. operates as an aviation transportation provider. The Company offers helicopter transportation and aircraft support services to government and civil organizations. Bristow Group serves customers worldwide.

SK Gas Ltd imports, stores, and distributes liquefied petroleum gas (LPG). The Company supplies its products mainly to domestic market for household, the transportation industry, and petrochemical products manufacturers.

United Energy Group, Ltd. is engaged in the exploration and production of oil and natural gas. The Company owns and operates a producing oilfield Liaohe Province of the P.R. of China and owns an interest in an exploration field in Madura PSC, Java, Indonesia.  UEG mainly engages in the upstream oil and natural gas business.

PetroVietnam Technical Services Corp provides services to petroleum companies. The Company is involved in leasing and chartering, operation and maintenance, properties management and mineral water production.

Boss Resources Limited operates as a mineral exploration company. The Company explores and develops uranium and base metal projects. Boss Resources serves customers in Namibia.

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Boss Energy (BOE AU)

Uranium CEO Sells Over 80% of his Shares

Boss Energy, an Australian uranium producer, experienced a significant drop in stock price after three directors sold a large portion of their...

Money of Mine

Boss Energy Placement - Heavy Dilution and Doesn’t Appear Well Flagged

Boss Energy (BOE AU) is looking to raise up to A$205m (US$135m) through its primary placement. The proceeds will be used to fund an acquisition and...

Ethan Aw

Quiddity ASX Dec 23 Index Rebal: Beware of Pre-Positioning

The DELs have seen their short interests rise steeply in the last few months. This could imply that there is some pre-positioning. However, the...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard ASX Dec 23: Three ASX 200 Changes + Origin Energy Question Mark

Origin Energy Scheme Meeting on 23rd November will tell us if there will be intra-review ASX 50, 100, and 200 changes on 28th November. Separately,...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard ASX Dec 23: InvoCare, Origin Energy, New Crest, Allkem, and More

I expect Boss Resources (BOE AU) to replace Invocare Ltd (IVC AU) at the close of 3rd November 2023. There could be 17.6mn shares to buy in BOE...

Janaghan Jeyakumar, CFA

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