Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>At the 20 April Scheme Meeting, <a href="https://www.smartkarma.com/entities/mineral-resources-ltd" target="_blank" data-smartkarma-citation="entities:15103:1" rel="noopener">Mineral Resources (MIN AU)</a> (with 19.55%) and other shareholders voted against the Tianqi Lithium JV transaction for <a href="https://www.smartkarma.com/entities/essential-metals-ltd" target="_blank" data-smartkarma-citation="entities:9645:1" rel="noopener">Essential Metals (ESS AU)</a>. </li>
<li>This left Essential in no man's land until MinRes (presumably) made a move. But on the 3 July, <a href="https://www.smartkarma.com/entities/develop-global-ltd" target="_blank" data-smartkarma-citation="entities:19413:1" rel="noopener">Develop Global (DVP AU)</a> announced a binding Scheme with ESS.</li>
<li>The all-scrip Scheme transaction has the backing of MinRes, which also owns a <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02680585-6A1155937?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">~13% stake</a> in Develop. This deal - this time- looks all stitched up.</li>
</ul>


At the 20 April Scheme Meeting, Mineral Resources (MIN AU) (with 19.55%) and other shareholders voted against the Tianqi Lithium JV transaction for Essential Metals (ESS AU). 
This left Essential in no man's land until MinRes (presumably) made a move. But on the 3 July, Develop Global (DVP AU) announced a binding Scheme with ESS.
The all-scrip Scheme transaction has the backing of MinRes, which also owns a ~13% stake in Develop. This deal - this time- looks all stitched up.


Essential Metals/Develop Global: Rock Steady With MinRes Support

Australia

Pantoro Limited operates as a mineral exploration and production company. The Company explores gold and other metals. Pantoro serves customers in Australia.

Latin Resources Ltd is Perth Australia based, Iron Ore and Gold focused exploration and development company. The Company was formed as a vehicle to explore and develop mineral concessions.

Predictive Discovery Ltd. explores for gold in Burkina Faso in Africa, and uranium in Australia.  The Company operates in the Fada N'Gourma and Manga-Sebba greenstone belts in Burkina Faso; and in Northern Territory, Australia.

Mount Gibson Iron Limited is an iron ore exploration and production company. The Company holds mining leases covering hematite and magnetite deposits at Mount Gibson in Western Australia.

Chalice Gold Mines Ltd. explores for gold.  The Company operates in Western Australia.

SolGold PLC, together with its subsidiaries, engages in the exploration of mineral properties. The company primarily explores for gold, copper, and silver deposits. Its flagship project is the Cascabel project that covers an area of approximately 50 square kilometers situated in Quito, Ecuador. The company was formerly known as Solomon Gold plc and changed its name to SolGold PLC in May 2012. SolGold PLC was incorporated in 2005 and is based in Brisbane, Australia.

Jupiter Mines Limited operates as a mining company. The Company mines and produces manganese and other base metals. Jupiter Mines serves customers in Australia.

Grange Resources Limited is a mining and exploration company. The Company explores for iron ore and pellets. Grange Resources serves customers in Australia and Asia.

Sovereign Metals Ltd. explores and mines for copper and gold.

Metals X Limited operates as a diversified resource company. The Company mines, develops, and explores copper, nickel, cobalt, and other metals. Metals X serves customers in Australia.

PT Archi Indonesia Tbk operates as a mining company. The Company explores and develops silver and gold projects. Archi Indonesia serves customers worldwide.

Jiangsu Alcha Aluminum Company Ltd. manufactures and markets pure aluminum foil, hydrophilic-coated aluminum foil, and aluminum scrip coil.

Jiangsu Alcha Aluminum Co, Ltd. (002160 CH)

Changchun Gas Co., Ltd. produces metallurgical coke and distributes gas for commercial or residential use in Changchun and Yanji, China. The Company also provides gas pipe installation service.

Tang Eng Iron Works Co Ltd engages in stainless steel production and distribution.

KISWIRE Ltd. manufactures secondary steel products, such as wire ropes and wire strands for electric wire and springs.  The Company markets to the shipbuilding and construction industries, and exports products to overseas markets.  KISWIRE also has a financial subsidiary.

M.M.Forgings Limited manufactures steel forgings in raw, and various grades of carbon, alloy, micro alloy, and stainless steel.

YC INOX Co., Ltd. manufactures stainless steel pipes and sheets.

Juli Sling Co Ltd. develops, designs, manufactures and sells sling products. The Company's products include textile sling, steek wire rope sling, steel tie rod, cable, and metallurgy clamp.

Henan Hengxing Science & Technology Co., Ltd. manufactures and markets tire steel wire cord, rubber tube steel wire, galvanized steel wire and steel stranded wire.

BGRIMM Magnetic Materials & Technology Co., Ltd. produces and develops permanent magnetic ferrite materials, adhesive permanent magnet, and permanent magnetic ferrite sintered devices.

Develop Global Ltd. explores for precious metals in Australia.

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Essential Metals/Develop Global: Rock Steady With MinRes Support

This looks done. Trading wide at a gross/annualised spread of 10.5%/44.7%. If you can take down borrow cheaply, I'd be long Essential, short...

David Blennerhassett