In today’s briefing:
- MVIS Global Rare Earth/Strategic Metals Index Rebalance Preview: Changes Afoot
- State Gas Limited – A Good Time to Be Delivering Production
MVIS Global Rare Earth/Strategic Metals Index Rebalance Preview: Changes Afoot
- The review period for the June rebalance ended on 31 May. Announcement of the changes will be made on 9 June with implementation at the close on 16 June.
- There could be 3 or 4 A-share additions due to their inclusion in Northbound Stock Connect. That in turn expands the index universe and could result in 2-3 deletions.
- If there are 4 adds and 2 deletes at the June rebalance, estimated one-way turnover at the rebalance will be 13.4% and will result in a one-way trade of US$81m.
State Gas Limited – A Good Time to Be Delivering Production
- State Gas Limited (ASX:GAS) is a junior energy producer and explorer with assets concentrated in the Bowen Basin, Queensland.
- The company has been listed on the ASX since October 2017 and is set to make the transition from explorer to producer with the imminent start-up of the Rolleston West CNG Project.
- Although only a small- scale start-up, first gas is always a critical event driver in demonstrating the commercial potential of the assets and providing a platform from which growth strategies can emanate.
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