External broker reports(aggregated public sources), Euroz Limited

Euroz Hartleys

External broker reports(aggregated public sources)

Euroz Limited

A Western Australian diversified financial services company focused on providing financial services solutions to Institutional, Corporate & Private Clients. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<div><ul><li>Company has circa $61m in cash (including money raised from recent fully underwritten capital raise minus transaction costs).</li><li>The withdrawal from the Liontown contract is warranted.</li><li>The scale of the Liontown operation is unprecedented from a 'start to full production' perspective. </li></ul></div>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Company has circa $61m in cash (including money raised from recent fully underwritten capital raise minus transaction costs).The withdrawal from the Liontown contract is warranted.The scale of the Liontown operation is unprecedented from a 'start to full production' perspective. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Develop Global Limited - Quarterly and Withdrawal from Liontown Contract Tender

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>At the 20 April Scheme Meeting, <a href="https://www.smartkarma.com/entities/mineral-resources-ltd" target="_blank" data-smartkarma-citation="entities:15103:1" rel="noopener">Mineral Resources (MIN AU)</a> (with 19.55%) and other shareholders voted against the Tianqi Lithium JV transaction for <a href="https://www.smartkarma.com/entities/essential-metals-ltd" target="_blank" data-smartkarma-citation="entities:9645:1" rel="noopener">Essential Metals (ESS AU)</a>. </li>
<li>This left Essential in no man's land until MinRes (presumably) made a move. But on the 3 July, <a href="https://www.smartkarma.com/entities/develop-global-ltd" target="_blank" data-smartkarma-citation="entities:19413:1" rel="noopener">Develop Global (DVP AU)</a> announced a binding Scheme with ESS.</li>
<li>The all-scrip Scheme transaction has the backing of MinRes, which also owns a <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02680585-6A1155937?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">~13% stake</a> in Develop. This deal - this time- looks all stitched up.</li>
</ul>


At the 20 April Scheme Meeting, Mineral Resources (MIN AU) (with 19.55%) and other shareholders voted against the Tianqi Lithium JV transaction for Essential Metals (ESS AU). 
This left Essential in no man's land until MinRes (presumably) made a move. But on the 3 July, Develop Global (DVP AU) announced a binding Scheme with ESS.
The all-scrip Scheme transaction has the backing of MinRes, which also owns a ~13% stake in Develop. This deal - this time- looks all stitched up.


Essential Metals/Develop Global: Rock Steady With MinRes Support

<ul><li>DVP makes all scrip bid for the Essential Metals' Pioneer Dome Lithium Project.</li><li>DFS on Sulphur Springs released.</li><li>The all-scrip bid for Essential Metals Pioneer Dome appears transformational for DVP adding near-term Lithium production upside.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

DVP makes all scrip bid for the Essential Metals' Pioneer Dome Lithium Project.DFS on Sulphur Springs released.The all-scrip bid for Essential Metals Pioneer Dome appears transformational for DVP adding near-term Lithium production upside.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Develop Global Limited - Another Commodity in the Belt

<ul><li>Woodlawn: Zn-Cu mine in NSW with all infrastructure in place and underground development in preparation for mining underway.</li><li>Sulphur Springs: Zn-Cu mine in WA, 140km South of Port Hedland.</li><li>Whim Creek: ANX 80%, DVP 20%. Zn-Cu project 25km away from Sulphur Springs. DVP free carried. Opportunity for DVP to mine underground components. DFS completed April 2023.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Woodlawn: Zn-Cu mine in NSW with all infrastructure in place and underground development in preparation for mining underway.Sulphur Springs: Zn-Cu mine in WA, 140km South of Port Hedland.Whim Creek: ANX 80%, DVP 20%. Zn-Cu project 25km away from Sulphur Springs. DVP free carried. Opportunity for DVP to mine underground components. DFS completed April 2023.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Australia

Develop Global Ltd. explores for precious metals in Australia.

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Develop Global (DVP AU)

Develop Global Limited - Quarterly and Withdrawal from Liontown Contract Tender

Company has circa $61m in cash (including money raised from recent fully underwritten capital raise minus transaction costs).The withdrawal from...

Euroz Hartleys

Essential Metals/Develop Global: Rock Steady With MinRes Support

This looks done. Trading wide at a gross/annualised spread of 10.5%/44.7%. If you can take down borrow cheaply, I'd be long Essential, short...

David Blennerhassett

Develop Global Limited - Another Commodity in the Belt

DVP makes all scrip bid for the Essential Metals' Pioneer Dome Lithium Project. DFS on Sulphur Springs released. The all-scrip bid for Essential...

Euroz Hartleys

DVP - Bill'd It. They'll Come

Woodlawn: Zn-Cu mine in NSW with all infrastructure in place and underground development in preparation for mining underway.

Euroz Hartleys

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