Insight Provider, CrossASEAN Research

Nicolas Van Broekhoven

Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/solaris-resources-inc" target="_blank" data-smartkarma-citation="entities:40176:1" rel="noopener">Solaris Resources (SLS CN)</a> announced sweeping changes to its management and ties to Canada. It will also spin-off some of its exploration targets in a new company.</li>
<li>While its listing will remain in Canada for now, its physical presence in the country will cease and operations will be run out of Switzerland, Ecuador and Peru.</li>
<li>The shake-up is an answer to the Canadian government's decision earlier this year blocking Chinese <a href="https://www.smartkarma.com/entities/zijin-mining-group-co-ltd-h" target="_blank" data-smartkarma-citation="entities:6358:1" rel="noopener">Zijin Mining Group Co Ltd H (2899 HK)</a> from making an investment in Solaris.</li>
</ul>



Solaris Resources (SLS CN) announced sweeping changes to its management and ties to Canada. It will also spin-off some of its exploration targets in a new company.
While its listing will remain in Canada for now, its physical presence in the country will cease and operations will be run out of Switzerland, Ecuador and Peru.
The shake-up is an answer to the Canadian government's decision earlier this year blocking Chinese Zijin Mining Group Co Ltd H (2899 HK) from making an investment in Solaris.


Solaris Resources: Showing Canada the Middle Finger

<ul>
<li>
<a href="https://www.smartkarma.com/entities/entree-resources-ltd-3aeeb68c-80d0-4ada-822e-898883fbb28e" target="_blank" data-smartkarma-citation="entities:26727:1" rel="noopener">Entree Resources (ETG CN)</a> has been roaring over the past three weeks on the back of ...no official news!</li>
<li>As we highlighted in our prior insights we expected an arbitration ruling by late 3Q24, but there has been no news published by Entree or <a href="https://www.smartkarma.com/entities/rio-tinto-ltd" target="_blank" data-smartkarma-citation="entities:13:1" rel="noopener">Rio Tinto Ltd (RIO AU)</a> </li>
<li>Volume spike and price action remind us of Turquoise Hill buyout in 2022.</li>
</ul>



Entree Resources (ETG CN) has been roaring over the past three weeks on the back of ...no official news!
As we highlighted in our prior insights we expected an arbitration ruling by late 3Q24, but there has been no news published by Entree or Rio Tinto Ltd (RIO AU) 
Volume spike and price action remind us of Turquoise Hill buyout in 2022.


Entree Resources: +84% YTD on Arbitration Leak? Or Rio Tinto M&A Speculation?

Thematic (Sector/Industry)

<ul>
<li>Our insight 2024 High Conviction: Junior Copper Miners garnered significant interest in late 2023, we hereby provide another update on our favorite junior copper names.</li>
<li>Copper prices have started to tick up (+16% YTD) on squeezed global supply and <a href="https://www.smartkarma.com/entities/bhp-group-ltd-832e22a7-7a1d-49cf-b992-c6347084cbf8" target="_blank" data-smartkarma-citation="entities:21840:1" rel="noopener">BHP Group Ltd (BHP LN)</a>  making an offer for <a href="https://www.smartkarma.com/entities/anglo-american-plc" target="_blank" data-smartkarma-citation="entities:21798:1" rel="noopener">Anglo American (AAL LN)</a>.</li>
<li>Entree Resources (ETG CN) has performed strongest +29% while Arras Minerals (ARK V EQUITY) has been a laggard at -12% YTD.</li>
</ul>


Our insight 2024 High Conviction: Junior Copper Miners garnered significant interest in late 2023, we hereby provide another update on our favorite junior copper names.
Copper prices have started to tick up (+16% YTD) on squeezed global supply and BHP Group Ltd (BHP LN)  making an offer for Anglo American (AAL LN).
Entree Resources (ETG CN) has performed strongest +29% while Arras Minerals (ARK V EQUITY) has been a laggard at -12% YTD.


Junior Copper Miners: Many Juniors Are Lagging Copper Price YTD

<ul>
<li>2023 was the year of Uranium. Both the underlying commodity and most uranium equity-linked stories performed strongly.</li>
<li>2024 will be the story about copper and supply side issues becoming front and center as the "energy transition" benefits copper usage.</li>
<li>Buy a basket of junior copper companies with high M&amp;A likelihood such as <a href="https://www.smartkarma.com/entities/los-andes-copper-ltd" target="_blank" data-smartkarma-citation="entities:35434:1" rel="noopener">Los Andes Copper Ltd (LA CN)</a>, <a href="https://www.smartkarma.com/entities/solaris-resources-inc" target="_blank" data-smartkarma-citation="entities:40176:1" rel="noopener">Solaris Resources (SLS CN),</a> <a href="https://www.smartkarma.com/entities/arras-minerals-corp" target="_blank" data-smartkarma-citation="entities:40384" rel="noopener">Arras Minerals (ARK V EQUITY)</a>, and <a href="https://www.smartkarma.com/entities/entree-resources-ltd-3aeeb68c-80d0-4ada-822e-898883fbb28e" target="_blank" data-smartkarma-citation="entities:26727:1" rel="noopener">Entree Resources (ETG CN)</a>. </li>
</ul>


2023 was the year of Uranium. Both the underlying commodity and most uranium equity-linked stories performed strongly.
2024 will be the story about copper and supply side issues becoming front and center as the "energy transition" benefits copper usage.
Buy a basket of junior copper companies with high M&amp;A likelihood such as Los Andes Copper Ltd (LA CN), Solaris Resources (SLS CN), Arras Minerals (ARK V EQUITY), and Entree Resources (ETG CN). 


2024 High Conviction: Junior Copper Miners

<ul>
<li>
<a href="https://www.smartkarma.com/entities/solaris-resources-inc" target="_blank" data-smartkarma-citation="entities:40176:1" rel="noopener">Solaris Resources (SLS CN)</a> yesterday announced it engaged Chinese investment bank CICC to help it with unsolicited M&amp;A approaches.</li>
<li>Solaris, Filo, Entree Resources, and Los Andes Copper are just four of the junior copper miners screening extremely well on M&amp;A criteria. </li>
<li>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.</li>
</ul>



Solaris Resources (SLS CN) yesterday announced it engaged Chinese investment bank CICC to help it with unsolicited M&amp;A approaches.
Solaris, Filo, Entree Resources, and Los Andes Copper are just four of the junior copper miners screening extremely well on M&amp;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.


Chinese Interest in Solaris Resources Highlights Value in Junior Copper Equities

Canada

Los Andes Copper Ltd. explores for copper in Latin America.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Los Andes Copper Ltd (LA CN)

Solaris Resources: Showing Canada the Middle Finger

Solaris Resources announces management changes and spin-off, shifting operations out of Canada in response to government restrictions on Chinese...

Nicolas Van Broekhoven

Entree Resources: +84% YTD on Arbitration Leak? Or Rio Tinto M&A Speculation?

Entree Resources (ETG CN) surges without official news, reminiscent of Turquoise Hill buyout in 2022, as investors await arbitration ruling with...

Nicolas Van Broekhoven

Junior Copper Miners: Many Juniors Are Lagging Copper Price YTD

BHP's bid for Anglo American has woken up generalist investors to the looming copper deficit forecast later this decade.

Nicolas Van Broekhoven

2024 High Conviction: Junior Copper Miners

2023 was a strong year for uranium in 2024 it could be copper's time to shine due to supply issues and the "energy transition." Consider investing...

Nicolas Van Broekhoven

Chinese Interest in Solaris Resources Highlights Value in Junior Copper Equities

Solaris Resources appointed Chinese investment bank CICC to look at all M&A approaches going forward. Media reports suggest multiple bidders are...

Nicolas Van Broekhoven

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Solaris Resources: Showing Canada the Middle Finger

​Solaris Resources announces management changes and spin-off, shifting operations out of Canada in response to government restrictions on Chinese...

Nicolas Van Broekhoven

Entree Resources: +84% YTD on Arbitration Leak? Or Rio Tinto M&A Speculation?

​Entree Resources (ETG CN) surges without official news, reminiscent of Turquoise Hill buyout in 2022, as investors await arbitration ruling with...

Nicolas Van Broekhoven

Junior Copper Miners: Many Juniors Are Lagging Copper Price YTD

BHP's bid for Anglo American has woken up generalist investors to the looming copper deficit forecast later this decade.

Nicolas Van Broekhoven

2024 High Conviction: Junior Copper Miners

​2023 was a strong year for uranium in 2024 it could be copper's time to shine due to supply issues and the "energy transition." Consider investing...

Nicolas Van Broekhoven

Chinese Interest in Solaris Resources Highlights Value in Junior Copper Equities

Solaris Resources appointed Chinese investment bank CICC to look at all M&A approaches going forward. Media reports suggest multiple bidders are...

Nicolas Van Broekhoven

Solaris Resources announces management changes and spin-off, shifting operations out of Canada in response to government restrictions on Chinese...

Entree Resources (ETG CN) surges without official news, reminiscent of Turquoise Hill buyout in 2022, as investors await arbitration ruling with...

2023 was a strong year for uranium in 2024 it could be copper's time to shine due to supply issues and the "energy transition." Consider investing...