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

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Event-Driven

S&amp;P Dow Jones Indices will announce changes to the <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 (AS51 INDEX)</a> as part of the September index review on 4 September. The changes are effective at the close of trading on 18 September and passive funds will need to complete their rebalancing activity at or by the close on that day.The data cutoff for the September review is 21 August.We see a high probability of <a href="https://www.smartkarma.com/entities/ramelius-resources-ltd" target="_blank" data-smartkarma-citation="entities:5968:1" rel="noopener">Ramelius Resources (RMS AU)</a> and <a href="https://www.smartkarma.com/entities/zip-co-ltd-3708706d-4978-4e29-acbc-d9702b971da9" target="_blank" data-smartkarma-citation="entities:29126:1" rel="noopener">Zip Co Ltd (Z1P AU)</a> being included in the index and of <a href="https://www.smartkarma.com/entities/southern-cross-media-group-ltd" target="_blank" data-smartkarma-citation="entities:10374:1" rel="noopener">Southern Cross Media (SXL AU)</a> and <a href="https://www.smartkarma.com/entities/ooh-media-ltd" target="_blank" data-smartkarma-citation="entities:8662:1" rel="noopener">oOh!Media Ltd (OML AU)</a> being excluded from the index.Sitting right at the edge of the buffer zone, there is a lower probability of <a href="https://www.smartkarma.com/entities/aub-group-ltd" target="_blank" data-smartkarma-citation="entities:11179:1" rel="noopener">Austbrokers Holdings (AUB AU)</a> and <a href="https://www.smartkarma.com/entities/westgold-resources-ltd" target="_blank" data-smartkarma-citation="entities:24269:1" rel="noopener">Westgold Resources (WGX AU)</a> being included and <a href="https://www.smartkarma.com/entities/orocobre-ltd" target="_blank" data-smartkarma-citation="entities:3572:1" rel="noopener">Orocobre Ltd (ORE AU)</a> and <a href="https://www.smartkarma.com/entities/western-areas-ltd" target="_blank" data-smartkarma-citation="entities:15497:1" rel="noopener">Western Areas (WSA AU)</a> being excluded.

S&amp;P Dow Jones Indices will announce changes to the S&amp;P/ASX 200 (AS51 INDEX) as part of the September index review on 4 September. The changes are effective at the close of trading on 18 September and passive funds will need to complete their rebalancing activity at or by the close on that day.The data cutoff for the September review is 21 August.We see a high probability of Ramelius Resources (RMS AU) and Zip Co Ltd (Z1P AU) being included in the index and of Southern Cross Media (SXL AU) and oOh!Media Ltd (OML AU) being excluded from the index.Sitting right at the edge of the buffer zone, there is a lower probability of Austbrokers Holdings (AUB AU) and Westgold Resources (WGX AU) being included and Orocobre Ltd (ORE AU) and Western Areas (WSA AU) being excluded.

ASX200 Index Rebalance Preview - Couple of High Probability Changes; Couple on the Cusp

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Back in October last year, <a href="https://www.smartkarma.com/entities/venus-metals-corp-ltd" target="_blank" data-smartkarma-citation="entities:10142:1" rel="noopener">Venus Metals Corp (VMC AU)</a> <a href="https://www.asx.com.au/asxpdf/20191010/pdf/449clpcz1ltjrf.pdf" target="_blank" rel="noopener">commenced proceedings</a> against fellow-gold producer <a href="https://www.smartkarma.com/entities/spectrum-metals-ltd" target="_blank" data-smartkarma-citation="entities:2237:1" rel="noopener">Spectrum Metals (SPX AU)</a>, alleging managing director Paul Adams and former director Davide Bosio exploited information relating to Venus confidentially discussing its intention to acquire the high-grade Penny West gold project in Western Australia. Spectrum acquired Penny West in <a href="https://www.spectrummetals.com.au/projects/penny-west-gold-project/" target="_blank" rel="noopener">December 2018</a>.
Spectrum <a href="https://www.asx.com.au/asxpdf/20191112/pdf/44bhjfcr6j5692.pdf" target="_blank" rel="noopener">countered</a> that they don't accept Penny West was ever mentioned in conversations with Venus.
Today, Spectrum <a href="https://www.asx.com.au/asxpdf/20200210/pdf/44dyq4hd7fnrh6.pdf" target="_blank" rel="noopener">announced</a> it has paid Venus $850,000 settling the claim. Venus has now released Spectrum from “all claims and demands” in connection with the subject matter in the litigation. Spectrum maintains that "VMC's claims against Spectrum ... had no merit whatsoever but considers the settlement of the litigation at this time is in the best interest of Spectrum's shareholders". 
Shortly after the settlement announcement, <a href="https://www.smartkarma.com/entities/ramelius-resources-ltd" target="_blank" data-smartkarma-citation="entities:5968:1" rel="noopener">Ramelius Resources (RMS AU)</a> made a recommended takeover offer for Spectrum, by way of cash and scrip, at A$0.15/share, a 52% premium to last close and a 70% premium to Spectrum’s 30-day VWAP.
Spectrum shareholders will receive one Ramelius share for every 10 Spectrum shares held plus cash of $0.17 for each Spectrum share, in a roughly 89%/11% scrip/cash split.
The Offer has the unanimous backing of Spectrum's board and all Spectrum directors will tender their shares into the Offer. Ramelius also holds 4.9% of shares out. The Offer is conditional on 50.1% acceptances of shareholders.
This looks like a done deal.

Back in October last year, Venus Metals Corp (VMC AU) commenced proceedings against fellow-gold producer Spectrum Metals (SPX AU), alleging managing director Paul Adams and former director Davide Bosio exploited information relating to Venus confidentially discussing its intention to acquire the high-grade Penny West gold project in Western Australia. Spectrum acquired Penny West in December 2018.
Spectrum countered that they don't accept Penny West was ever mentioned in conversations with Venus.
Today, Spectrum announced it has paid Venus $850,000 settling the claim. Venus has now released Spectrum from “all claims and demands” in connection with the subject matter in the litigation. Spectrum maintains that "VMC's claims against Spectrum ... had no merit whatsoever but considers the settlement of the litigation at this time is in the best interest of Spectrum's shareholders". 
Shortly after the settlement announcement, Ramelius Resources (RMS AU) made a recommended takeover offer for Spectrum, by way of cash and scrip, at A$0.15/share, a 52% premium to last close and a 70% premium to Spectrum’s 30-day VWAP.
Spectrum shareholders will receive one Ramelius share for every 10 Spectrum shares held plus cash of $0.17 for each Spectrum share, in a roughly 89%/11% scrip/cash split.
The Offer has the unanimous backing of Spectrum's board and all Spectrum directors will tender their shares into the Offer. Ramelius also holds 4.9% of shares out. The Offer is conditional on 50.1% acceptances of shareholders.
This looks like a done deal.

Spectrum Metals: Inside Ramelius' Wheelhouse

Materials Analyst/Strategist, Janus Analysis

Gaius King

Materials Analyst/Strategist

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Equity Bottom-Up

<ul>
<li>Cover 314 companies, soon to be expanded</li>
<li>Recommend Speculative Buy on PEX</li>
<li>Thick VMS intersections e.g. 40m @ 10.2% Zn, 2.83 % Pb</li>
<li>Economic mineralisation at Southern Nights starts at 120m depth</li>
<li>Wagga Tank prospect recorded 9.3m @ 7.32% Zn, 3.38% Pb</li>
<li>
<a href="https://www.smartkarma.com/entities/4111" target="_blank" data-smartkarma-citation="entities:4111:1">Peel Mining Ltd (PEX AU)</a> ; <a href="https://www.smartkarma.com/entities/9713" target="_blank" data-smartkarma-citation="entities:9713:1">Metals X Ltd (MLX AU)</a>; <a href="https://www.smartkarma.com/entities/5968" target="_blank" data-smartkarma-citation="entities:5968:1">Ramelius Resources (RMS AU)</a>; <a href="https://www.smartkarma.com/entities/9553" target="_blank" data-smartkarma-citation="entities:9553:1">Atrum Coal Nl (ATU AU)</a>; <a href="https://www.smartkarma.com/entities/12867" target="_blank" data-smartkarma-citation="entities:12867:1">First Graphite (FGR AU)</a> ; <a href="https://www.smartkarma.com/entities/13914" target="_blank" data-smartkarma-citation="entities:13914:1">Galaxy Resources (GXY AU)</a>; <a href="https://www.smartkarma.com/entities/8189" target="_blank" data-smartkarma-citation="entities:8189:1">Sovereign Metals (SVM AU)</a>; <a href="https://www.smartkarma.com/entities/17908" target="_blank" data-smartkarma-citation="entities:17908:1">Globe Specialty Metals (GSM US)</a>; <a href="https://www.smartkarma.com/entities/15733" target="_blank" data-smartkarma-citation="entities:15733:1">White Cliff Minerals (WCN AU)</a>; <a href="https://www.smartkarma.com/entities/7971" target="_blank" data-smartkarma-citation="entities:7971:1">Carnegie Clean Energy (CCE AU)</a>; <a href="https://www.smartkarma.com/entities/8807" target="_blank" data-smartkarma-citation="entities:8807:1">Theta Gold Mines (TGM AU)</a>  </li>
</ul>


Cover 314 companies, soon to be expanded
Recommend Speculative Buy on PEX
Thick VMS intersections e.g. 40m @ 10.2% Zn, 2.83 % Pb
Economic mineralisation at Southern Nights starts at 120m depth
Wagga Tank prospect recorded 9.3m @ 7.32% Zn, 3.38% Pb

Peel Mining Ltd (PEX AU) ; Metals X Ltd (MLX AU); Ramelius Resources (RMS AU); Atrum Coal Nl (ATU AU); First Graphite (FGR AU) ; Galaxy Resources (GXY AU); Sovereign Metals (SVM AU); Globe Specialty Metals (GSM US); White Cliff Minerals (WCN AU); Carnegie Clean Energy (CCE AU); Theta Gold Mines (TGM AU)  


New J. Hutton Exploration Report (Week Ending 25/01/19)

Australia

Ramelius Resources Limited is a gold exploration and production company with exploration activities focused in Western Australia.  The Company also explores for base metals.

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Ramelius Resources (RMS AU)

ASX200 Index Rebalance Preview - Couple of High Probability Changes; Couple on the Cusp

S&P Dow Jones Indices will announce changes to the S&P/ASX 200 (AS51 INDEX) as part of the September index review on 4 September. The...

Brian Freitas

Spectrum Metals: Inside Ramelius' Wheelhouse

Back in October last year, Venus Metals Corp (VMC AU) commenced proceedings against fellow-gold producer Spectrum Metals (SPX AU), alleging...

David Blennerhassett

New J. Hutton Exploration Report (Week Ending 25/01/19)

Cover 314 companies, soon to be expanded Recommend Speculative Buy on PEX Thick VMS intersections e.g. 40m @ 10.2% Zn, 2.83 % Pb Economic...

Boost Research

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