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

Spartan Resources /Australi / Equity Bottom-Up

<ul>
<li>Citigroup seeking sellers of 10-19.99% of Spartan Resources shares</li>
<li>150 million shares traded at $0.89 apiece, valued at $134 million</li>
<li>Likely buyer is Ramelius, who can't bid for the whole company for 4 months</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>


Citigroup seeking sellers of 10-19.99% of Spartan Resources shares
150 million shares traded at $0.89 apiece, valued at $134 million
Likely buyer is Ramelius, who can't bid for the whole company for 4 months

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

“Mystery” Buyer Snaps up Spartan Stake

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

Event-Driven

<ul>
<li>With nearly 80% of the review period complete, there could be 28 adds/deletes across the S&amp;P/ASX family of indices in September.</li>
<li>There is a lot of stocks for passive trackers to trade on the index changes with the largest impacts on the potential 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>. </li>
<li>The potential adds have outperformed the potential deletions by a LOT over the last few months and continued positioning could lead to further gains.</li>
</ul>


With nearly 80% of the review period complete, there could be 28 adds/deletes across the S&amp;P/ASX family of indices in September.
There is a lot of stocks for passive trackers to trade on the index changes with the largest impacts on the potential changes to the S&amp;P/ASX 200 (AS51 INDEX). 
The potential adds have outperformed the potential deletions by a LOT over the last few months and continued positioning could lead to further gains.


S&P/​​​​​​​​​ASX Index Rebalance Preview: Potential Changes from Now to September

Australia

Imdex Ltd operates as a mining equipment, technology, and services company. The Company provides drilling fluids and down hole instrumentation to mining, oil and gas, water well, and civil engineering industries worldwide.

Mincor Resources NL is a nickel mining and exploration company with operations in the Kambalda Nickel District in Western Australia.  Through a joint venture, the Company operates the Miitel and Wannaway nickel mines in Kambalda.  The Company also has operations in projects located in Guinea, Tanzania and Fiji.

BCI Minerals Limited is an Australian-based resources company. The Company is focused on developing the Mardie Salt & Potash Project located in Western Australian, supported by iron ore royalty earnings.

Westgold Resources Limited provides gold mining services. The Company owns and operates gold mining projects. Westgold Resources conducts its business in Australia.

Tietto Minerals Limited provides metal exploration and mining services. The Company focuses on development and exploration of gold projects. Tietto Minerals serves customers in West Africa.

Resolute Mining Limited explores for, produces and develops gold in Mali and Queensland, Australia. The Company's gold exploration projects include Syama and Ravenswood.

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

Silver Lake Resources Limited is a mineral exploration company. The Company is focused on gold exploration in Western Australia.

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

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.

OSAKA STEEL CO., LTD. is an Osaka based electric furnace steelmaker.  The Company is affiliated with Nippon Steel.  Osaka Steel makes shaped steel, nets, and other processed wire-rod products.

Nippon Light Metal Holdings Co., Ltd. was established through the share transfer with Nippon Light Metal as subsidiary.  The holding company is mainly engaged in manufacturing and selling aluminium and its related products.

POSCO M-TECH CO.,LTD. manufactures steel strips used for packing.  The Company also produces deoxidizers used in the steel-making process.  Under  a long-term supply contact, the Company distributes a significant portion of  its output to POSCO.

Jayaswal Neco Industries Ltd. manufactures steel and steel products.  The Company produces steel for manufacturers of automobiles, appliances, and other products; produces ferrous and non-ferrous castings for the railroad, automobile, construction, and valve manufacturing industries; and mines coal.

Shaanxi Ligeance Mineral Resources Co Ltd. is a mineral exploration and production company. The Company's business scope includes molybdenum, rhenium, and other non-ferrous minerals development, smelting, trade; new materials, smelting, refining and the development of new technologies and investments.

PT Cita Mineral Investindo Tbk is a mineral exploration company. The Company mines for and produces bauxite.

OSAKA Titanium technologies Co., Ltd. produces and sells non-ferrous metals such as titanium.  The Company's products include sponge and powdered titanium, titanium ingots, and high-purity titanium as well as non-metal products such as silicon processed materials and polycrystalline silicon utilized in the semiconductor industry.

KYOEI STEEL LTD. manufactures and sells specialty steel products for construction use.  The company's products include deformed steel bar, structural steel bar, flat steel bar, and angle bar.  KYOEI also operates medical and industrial waste management

Chongqing Iron & Steel Company Limited manufactures and sells steel products. The products include medium-gauge steel plates, steel sections, and wire rods.

Chongqing Iron & Steel Co Ltd H (1053 HK)

Sam Kang M&T Co., Ltd. manufactures special steel pipes used for petroleum refining and ocean floor exploration.  Sam Kang also produces steel blocks for ship building, and cranes that is used in industry area.

Spartan Resources Limited provides exploration and mining services. The Company explores and develops gold projects in Western Australia. Spartan Resources serves customers worldwide.

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Spartan Resources /Australi (SPR AU)

“Mystery” Buyer Snaps up Spartan Stake

Citigroup is seeking sellers of 10-19.99% of shares from Spartan Resources, with Romelius potentially interested in acquiring a stake in the...

Money of Mine

S&P/ASX Index Rebalance Preview: Potential Changes from Now to September

There could be 28 changes for the ASX indices in September with a lot to trade for passive trackers. The adds have outperformed the deletes by a...

Brian Freitas

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

“Mystery” Buyer Snaps up Spartan Stake

Citigroup is seeking sellers of 10-19.99% of shares from Spartan Resources, with Romelius potentially interested in acquiring a stake in the...

Money of Mine

S&P/​​​​​​​​​ASX Index Rebalance Preview: Potential Changes from Now to September

There could be 28 changes for the ASX indices in September with a lot to trade for passive trackers. The adds have outperformed the deletes by a...

Brian Freitas

S&P/ASX Index Rebalance Preview: Potential Changes from Now to September