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>Duck projects and operations, specializing in large-scale builds</li><li>Jeff Quartermain leads Perseus Mining, discussing Predictive stake and valuation</li><li>Emphasis on creating value and diversification in mining investments</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>

Duck projects and operations, specializing in large-scale buildsJeff Quartermain leads Perseus Mining, discussing Predictive stake and valuationEmphasis on creating value and diversification in mining investmentsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

The Best Use of Capital in a Gold Bull Market (Jeff Quartermaine)

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/de-grey-mining-ltd" target="_blank" data-smartkarma-citation="entities:6192:1" rel="noopener">De Grey Mining (DEG AU)</a>, <a href="https://www.smartkarma.com/entities/perseus-mining-ltd" target="_blank" data-smartkarma-citation="entities:15306:1" rel="noopener">Perseus Mining (PRU AU)</a> and <a href="https://www.smartkarma.com/entities/sandfire-resources-limited" target="_blank" data-smartkarma-citation="entities:1259:1" rel="noopener">Sandfire Resources Limited (SFR AU)</a> will be added to the <a href="https://www.smartkarma.com/entities/vaneck-vectors-australian-re" target="_blank" data-smartkarma-citation="entities:30999:1" rel="noopener">Vaneck Vectors Australian Resources ETF (MVR AU)</a> in December.</li>
<li>Constituent changes, float changes and capping changes result in an estimated one-way turnover of 7.4% and in a round-trip trade of A$63m.</li>
<li>
<a href="https://www.smartkarma.com/entities/de-grey-mining-ltd" target="_blank" data-smartkarma-citation="entities:6192:1" rel="noopener">De Grey Mining</a> will be acquired by <a href="https://www.smartkarma.com/entities/northern-star-resources-ltd" target="_blank" data-smartkarma-citation="entities:4243:1" rel="noopener">Northern Star Resources</a> in the first half of 2025. The passive buying could push <a href="https://www.smartkarma.com/entities/de-grey-mining-ltd" target="_blank" data-smartkarma-citation="entities:6192:1" rel="noopener">De Grey Mining</a> higher in the short-term.</li>
</ul>



De Grey Mining (DEG AU), Perseus Mining (PRU AU) and Sandfire Resources Limited (SFR AU) will be added to the Vaneck Vectors Australian Resources ETF (MVR AU) in December.
Constituent changes, float changes and capping changes result in an estimated one-way turnover of 7.4% and in a round-trip trade of A$63m.

De Grey Mining will be acquired by Northern Star Resources in the first half of 2025. The passive buying could push De Grey Mining higher in the short-term.


MVIS Australia Resources Index Rebalance: 3 Adds, Capping & Float Changes

Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

<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 June 2025 index rebal event.</li>
<li>We expect one change for ASX 20, one change for ASX 50, two changes for ASX 100, and one change for ASX 200. One month left in the reference period.</li>
<li>Our long basket is up 14% vs shorts in a month. Index Rebal is coming back. ASX Index final index changes will be announced publicly on 6th June 2025.</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 June 2025 index rebal event.
We expect one change for ASX 20, one change for ASX 50, two changes for ASX 100, and one change for ASX 200. One month left in the reference period.
Our long basket is up 14% vs shorts in a month. Index Rebal is coming back. ASX Index final index changes will be announced publicly on 6th June 2025.


Quiddity Leaderboard ASX Jun25: LONGs up +14% Vs SHORTs in a Month; Some Changes to Expectations

<ul>
<li>
<a href="https://www.smartkarma.com/entities/evolution-mining-ltd" target="_blank" data-smartkarma-citation="entities:18363:1" rel="noopener">Evolution Mining</a>'s stock price has moved higher over the last year as <a href="https://www.smartkarma.com/entities/gold" target="_blank" data-smartkarma-citation="entities:22870:1" rel="noopener">Gold</a> has gone on a big run. The increased market cap should result in a global index inclusion.</li>
<li>
<a href="https://www.smartkarma.com/entities/evolution-mining-ltd" target="_blank" data-smartkarma-citation="entities:18363:1" rel="noopener">Evolution Mining (EVN AU)</a> has performed in line with its peers over the last year and trades in line with the group on most valuation parameters.</li>
<li>Positioning has jumped in <a href="https://www.smartkarma.com/entities/evolution-mining-ltd" target="_blank" data-smartkarma-citation="entities:18363:1" rel="noopener">Evolution Mining (EVN AU)</a> and its peers over the last couple of months. The index inclusion could result in outperformance over the next few weeks.</li>
</ul>



Evolution Mining's stock price has moved higher over the last year as Gold has gone on a big run. The increased market cap should result in a global index inclusion.

Evolution Mining (EVN AU) has performed in line with its peers over the last year and trades in line with the group on most valuation parameters.
Positioning has jumped in Evolution Mining (EVN AU) and its peers over the last couple of months. The index inclusion could result in outperformance over the next few weeks.


Evolution Mining (EVN AU): Global Index Inclusion in May as Gold Rallies

Investment Strategist, Transparently.AI

Mark Jolley

Investment Strategist

AI detection of accounting fraud and manipulation

Transparently.AI

Fraud and manipulation of their numbers see companies lose USD1 trillion+ per year for their stakeholders. Transparently.AI has developed an AI system that determines:

1. The likelihood that a company is committing fraud/serious manipulation of their books;
2. Whether it is serious enough to result in total corporate failure;
3. Estimated $ losses to stakeholders;
4. How that manipulation/fraud evolves through time; and
5. Detailed analytics on the forms of manipulation/fraud (e.g. which parts of the accounts, what tricks of the trade, questions for analysts to ask management, where/how to investigate further, etc.).

This is effectively automating the analysis of forensic accountants, activist short sellers, credit analysts, etc to do work that would typically take weeks per company, and instead run it in seconds and for thousands of companies simultaneously.

Critically, this solution frequently alerts users to the presence of serious manipulation risk up to 2-3 years in advance of the wider market and short sellers becoming aware of problems.

Thematic (Sector/Industry)

<ul>
<li>Rising inflation historically benefits gold, offering superior real returns compared to stocks and bonds. </li>
<li>Accounting quality is crucial when selecting gold miners, emphasizing transparency to mitigate manipulation risk.</li>
<li>Investors can use Transparently Risk Engine to screen for gold miners with solid accounting quality.</li>
</ul>


Rising inflation historically benefits gold, offering superior real returns compared to stocks and bonds. 
Accounting quality is crucial when selecting gold miners, emphasizing transparency to mitigate manipulation risk.
Investors can use Transparently Risk Engine to screen for gold miners with solid accounting quality.


Gold Stocks in Trump’s New International Order

Australia

Perseus Mining Limited is a mining and exploration company. The Company acquires, explores, develops, mines, and produces gold. Perseus Mining conducts its mining operations in Africa and Australia.

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Perseus Mining (PRU AU)

The Best Use of Capital in a Gold Bull Market (Jeff Quartermaine)

Predictive is a company specializing in large-scale EEPC builds, facing challenges with project valuation, government interference, and seeking...

Money of Mine

MVIS Australia Resources Index Rebalance: 3 Adds, Capping & Float Changes

De Grey Mining, Perseus Mining and Sandfire Resources will be added to the MVR ETF in December. Estimated one-way turnover is 7.4% resulting in a...

Brian Freitas

Quiddity Leaderboard ASX Jun25: LONGs up +14% Vs SHORTs in a Month; Some Changes to Expectations

Collectively, there could be US$416mn one-way flow for the ASX index family in June 2025. Most of the expected index changes could have multiple...

Janaghan Jeyakumar, CFA

Evolution Mining (EVN AU): Global Index Inclusion in May as Gold Rallies

The rally in gold has led to a huge mkt cap increase for EVN - that should lead to a global index inclusion. Valuations are in line with peers and...

Brian Freitas

Gold Stocks in Trump’s New International Order

Gold stocks are on the investment radar as the tariff wars fuel inflationary concerns. Find out how accounting quality is a useful screening tool...

Mark Jolley

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