Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Back in November 2023, African-Focused lithium play <strong><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></strong> announced it had twice rejected NBIOs from South African-based Assore International, its major shareholder. </li>
<li>Assore offered A$0.63/share by way of Scheme, a 64% premium to undisturbed. Atlantic's IBC rejected terms as they were not in the best interest of shareholders. </li>
<li>Atlantic has now entered a Scheme with <strong><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></strong>. Price? A$0.354/share, a 26.6% premium to undisturbed. Assore, holding 26.4%, and directors (1.8%), are supportive. This is done. </li>
</ul>


Back in November 2023, African-Focused lithium play Atlantic Lithium (A11 AU) announced it had twice rejected NBIOs from South African-based Assore International, its major shareholder. 
Assore offered A$0.63/share by way of Scheme, a 64% premium to undisturbed. Atlantic's IBC rejected terms as they were not in the best interest of shareholders. 
Atlantic has now entered a Scheme with Zhejiang Huayou Cobalt (603799 CH). Price? A$0.354/share, a 26.6% premium to undisturbed. Assore, holding 26.4%, and directors (1.8%), are supportive. This is done. 


Atlantic Lithium (A11 AU) Enters Scheme With Zhejiang Huayou Cobalt

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.

<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

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Sep 19th (reported today). The aggregated short interest was USD26.4bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Northern Star Resources, Ramelius Resources, Brambles, Evolution Mining, Regis Resources.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Sep 19th (reported today). The aggregated short interest was USD26.4bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Northern Star Resources, Ramelius Resources, Brambles, Evolution Mining, Regis Resources.


ASX Short Interest Weekly (Sep 19th): Northern Star Resources, Ramelius Resources, Brambles

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Sep 12th (reported today). The aggregated short interest was USD26.9bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Sayona Mining, ANZ, Woolworths, Westpac, Xero.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Sep 12th (reported today). The aggregated short interest was USD26.9bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Sayona Mining, ANZ, Woolworths, Westpac, Xero.


ASX Short Interest Weekly (Sep 12th): Sayona Mining, ANZ, Woolworths, Westpac, Xero

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Sep 5th (reported today). The aggregated short interest was USD26.0bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Goodman, Ramsay Health Care, WiseTech Global, Origin Energy, Ampol.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Sep 5th (reported today). The aggregated short interest was USD26.0bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Goodman, Ramsay Health Care, WiseTech Global, Origin Energy, Ampol.


ASX Short Interest Weekly (Sep 5th): Goodman, Ramsay Health Care, WiseTech Global, Origin Energy

Australia

Elevra Lithium Limited provides exploration and mining services. The Company explores and develops lithium projects across Quebec, North Carolina, Ghana, and Western Australia. Elevra Lithium serves customers worldwide.

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Elevra Lithium (ELV AU)

Atlantic Lithium (A11 AU) Enters Scheme With Zhejiang Huayou Cobalt

Clean deal. Just a question of timing as it relates to PRC regs. If small, illiquid arbs are your bag, I'd be picking up shares here

David Blennerhassett

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

ASX Short Interest Weekly (Sep 19th): Northern Star Resources, Ramelius Resources, Brambles

We analyzed ASX short interest report for the past week and highlight short interest changes in Northern Star Resources, Ramelius Resources,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Sep 12th): Sayona Mining, ANZ, Woolworths, Westpac, Xero

We analyzed ASX short interest report for the past week and highlight short interest changes in Sayona Mining, ANZ, Woolworths, Westpac, Xero.

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Sep 5th): Goodman, Ramsay Health Care, WiseTech Global, Origin Energy

We analyzed ASX short interest report for the past week and highlight short interest changes in Goodman, Ramsay Health Care, WiseTech Global,...

Ke Yan, CFA, FRM

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