Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Cross Asset Strategy

<ul>
<li>A review of recent events/data impacting our investment themes or outlook</li>
<li>The Nasdaq, China and the JPY walk into a bar.</li>
<li>The world's biggest uranium miner cuts its 2025 production guidance</li>
</ul>


A review of recent events/data impacting our investment themes or outlook
The Nasdaq, China and the JPY walk into a bar.
The world's biggest uranium miner cuts its 2025 production guidance


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.

Commodities

<ul><li>Recent changes in Canada's M&amp;A rules have restricted critical metal companies from selling to Chinese investors</li><li>Chinese investors have played a key role in funding the exploration and development of copper porphyries, which are vital for global production</li><li>The uncertainty caused by these rules may lead companies to relocate outside of Canada, potentially harming the country's mining industry and economy</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Recent changes in Canada's M&amp;A rules have restricted critical metal companies from selling to Chinese investorsChinese investors have played a key role in funding the exploration and development of copper porphyries, which are vital for global productionThe uncertainty caused by these rules may lead companies to relocate outside of Canada, potentially harming the country's mining industry and economyThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Warren Irwin on Uranium, Canada & Contrarian Opportunities

<ul>
<li>A monthly review of how the markets and our themes are currently performing</li>
<li>Analysing what went wrong and what went right in stocks and sectors</li>
<li>Highlighting positions added or removed from the thematic investment portfolio</li>
</ul>


A monthly review of how the markets and our themes are currently performing
Analysing what went wrong and what went right in stocks and sectors
Highlighting positions added or removed from the thematic investment portfolio


June Themes and Thematic Portfolio Review

Equity Bottom-Up

<ul>
<li>Fortescue Metals Group experienced a significant block trade worth $1.1 billion, leading to a 6% discount in their stock price</li>
<li>Potential sellers include Hunan Iron and Steel Group, Vallon Holdings, and Capital Group, with speculation on the reasons behind the sale</li>
<li>The geopolitical situation in Niger, with ongoing conflicts involving French, US, and Russian forces against Islamist militants, is a topic of interest and discussion among the group</li>
</ul>
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


Fortescue Metals Group experienced a significant block trade worth $1.1 billion, leading to a 6% discount in their stock price
Potential sellers include Hunan Iron and Steel Group, Vallon Holdings, and Capital Group, with speculation on the reasons behind the sale
The geopolitical situation in Niger, with ongoing conflicts involving French, US, and Russian forces against Islamist militants, is a topic of interest and discussion among the group

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

<ul>
<li>“Strong” non-farm payrolls number a catalyst for another hit to commodities</li>
<li>Oil positioning is now very supportive for prices with non-commercial buying levels close to  five-year lows.</li>
<li>Copper may have more short-term downside with speculative interest still high</li>
</ul>


“Strong” non-farm payrolls number a catalyst for another hit to commodities
Oil positioning is now very supportive for prices with non-commercial buying levels close to  five-year lows.
Copper may have more short-term downside with speculative interest still high


"Wham, Bam, Thank You Ma'am" – Commodities Get Slammed

Canada

Sprott Physical Uranium Trust was created to participate in the arrangement and to subsequently invest and hold substantially all of its assets in uranium. The Trust seeks to provide a secure, convenient and exchange-traded investment alternative for investors interested in holding uranium.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
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Sprott Physical Uranium Trust (U-U CN)

Overview #8 Plus Ca Change...

A review of recent events/data impacting our investment themes and outlook. Japan the Japanese Yen, China as well as Uranium

Rikki Malik

Warren Irwin on Uranium, Canada & Contrarian Opportunities

Overall, the global outlook for the natural resource industry, particularly in Canada, is being impacted by resource nationalism and M&A rules

Money of Mine

June Themes and Thematic Portfolio Review

We review overall market performance, our investment themes, highlighting additions and substractions in the thematic portfolio.

Rikki Malik

Who’s Dumping FMG Stock?

Discussion on uranium geopolitics and potential site visits, analyst interests in gold, oil, and gas, Fortescue block trade, speculation on sellers...

Money of Mine

"Wham, Bam, Thank You Ma'am" – Commodities Get Slammed

Strong non-farm payrolls lead to a continued drop in commodities, giving opportunities in precious metals and energy, but some sectors may have...

Rikki Malik

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Overview #8 Plus Ca Change...

A review of recent events/data impacting our investment themes and outlook. Japan the Japanese Yen, China as well as Uranium

Rikki Malik

Warren Irwin on Uranium, Canada & Contrarian Opportunities

Overall, the global outlook for the natural resource industry, particularly in Canada, is being impacted by resource nationalism and M&A rules

Money of Mine

June Themes and Thematic Portfolio Review

We review overall market performance, our investment themes, highlighting additions and substractions in the thematic portfolio.

Rikki Malik

Who’s Dumping FMG Stock?

Discussion on uranium geopolitics and potential site visits, analyst interests in gold, oil, and gas, Fortescue block trade, speculation on sellers...

Money of Mine

"Wham, Bam, Thank You Ma'am" – Commodities Get Slammed

​Strong non-farm payrolls lead to a continued drop in commodities, giving opportunities in precious metals and energy, but some sectors may have...

Rikki Malik

Strong non-farm payrolls lead to a continued drop in commodities, giving opportunities in precious metals and energy, but some sectors may have...