IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/atlantic-lithium-ltd" target="_blank" data-smartkarma-citation="entities:40322:1" rel="noopener">Atlantic Lithium (A11 AU)</a> entered a scheme implementation deed with <a href="https://www.smartkarma.com/entities/zhejiang-huayou-cobalt-co-ltd" target="_blank" data-smartkarma-citation="entities:25048:1" rel="noopener">Zhejiang Huayou Cobalt (603799 CH)</a> at US$0.25486 per share (A$0.354 per share), a 26.6% premium to the undisturbed price. </li>
<li>The offer is light as it is below the three-month high and 43.7% below Assore’s rejected NBIO of A$0.63 on 15 November 2023.</li>
<li>Nevertheless, the scheme vote is low risk due to Assore’s irrevocable undertaking, a supportive shareholder structure, and moderate retail ownership. Regulatory approvals should also be forthcoming.    </li>
</ul>



Atlantic Lithium (A11 AU) entered a scheme implementation deed with Zhejiang Huayou Cobalt (603799 CH) at US$0.25486 per share (A$0.354 per share), a 26.6% premium to the undisturbed price. 
The offer is light as it is below the three-month high and 43.7% below Assore’s rejected NBIO of A$0.63 on 15 November 2023.
Nevertheless, the scheme vote is low risk due to Assore’s irrevocable undertaking, a supportive shareholder structure, and moderate retail ownership. Regulatory approvals should also be forthcoming.    


Atlantic Lithium (A11 AU): Huayou Cobalt’s Binding Proposal Is Light but Likely Done

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>Short seller Blue Orca is alleging <strong><a href="https://www.smartkarma.com/entities/atlantic-lithium-limited" target="_blank" data-smartkarma-citation="entities:27991:1" rel="noopener">Atlantic Lithium (ALL LN)</a></strong> is seeking to obtain a Ghanaian lithium mining licence via "textbook corruption".</li>
<li>
<strong><a href="https://www.smartkarma.com/entities/piedmont-lithium-ltd" target="_blank" data-smartkarma-citation="entities:17619:1" rel="noopener">Piedmont Lithium (PLL AU)</a></strong> is a substantial shareholder of Atlantic, together with a co-development agreement for the Ghanaian project, in which the mining license has yet to be ratified. </li>
<li>Orca reckons the license ratification will fail the corruption sniff test, which in turn will jeopardise the Tennessee lithium offtake facility, currently awaiting a DOE grant.</li>
</ul>


Short seller Blue Orca is alleging Atlantic Lithium (ALL LN) is seeking to obtain a Ghanaian lithium mining licence via "textbook corruption".

Piedmont Lithium (PLL AU) is a substantial shareholder of Atlantic, together with a co-development agreement for the Ghanaian project, in which the mining license has yet to be ratified. 
Orca reckons the license ratification will fail the corruption sniff test, which in turn will jeopardise the Tennessee lithium offtake facility, currently awaiting a DOE grant.


Piedmont Lithium: General Mosquito & "Textbook Corruption"

Australia

Atlantic Lithium Limited operates as a mining company. The Company focuses on lithium exploration and development to support the global transition to a carbon neutral future.

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Atlantic Lithium (ALL LN)

Atlantic Lithium (A11 AU): Huayou Cobalt’s Binding Proposal Is Light but Likely Done

The offer is light as it is below the three-month high and 43.7% below Assore’s rejected NBIO in 2023. Nevertheless, the scheme vote is low risk....

Arun George

Piedmont Lithium: General Mosquito & "Textbook Corruption"

There's a considerable amount of expectation on cashflow baked into Piedmont's price from the Tennessee and Quebec facility's off-take agreements....

David Blennerhassett

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