In today’s briefing:
- Chinese Interest in Solaris Resources Highlights Value in Junior Copper Equities
- Morning Views Asia: Vedanta Resources
- HighPeak Energy, Inc. – Refocused on Development
- State Gas – First Gas Milestone Is Around the Corner
Chinese Interest in Solaris Resources Highlights Value in Junior Copper Equities
- Solaris Resources (SLS CN) yesterday announced it engaged Chinese investment bank CICC to help it with unsolicited M&A approaches.
- Solaris, Filo, Entree Resources, and Los Andes Copper are just four of the junior copper miners screening extremely well on M&A criteria.
- Most copper supply/demand models forecast a large supply shortage of copper in the coming decade. Junior copper miners with large deposits will become increasingly valuable.
Morning Views Asia: Vedanta Resources
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
HighPeak Energy, Inc. – Refocused on Development
HighPeak recapitalized its balance sheet with the proceeds from a new $1.2 billion term loan, which closed September 13, 2023.
Proceeds were used to redeem $225 million of senior notes due February 2024, $250 million of senior notes due November 2024, and repay all outstanding borrowings under the company’s RBL facility.
The remaining proceeds can be used for general corporate purposes. The 2020 RBL was subsequently terminated. The term loan is scheduled to mature September 30, 2026.
State Gas – First Gas Milestone Is Around the Corner
- State Gas Limited (ASX:GAS) is a junior energy producer and explorer with assets concentrated in the Bowen Basin, Queensland.
- The company has released an update on the pre-construction phase of its proposed Rolleston West CNG Project in the Bowen Basin.
- Significant progress has been made with regulatory approvals on environmental and cultural heritage now received for all construction and pipeline areas; and final site surveys completed.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
