Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Last week, rare-earth play <a href="https://www.smartkarma.com/entities/lynas-corp-ltd" target="_blank" data-smartkarma-citation="entities:20374:1" rel="noopener">Lynas Corp Ltd (LYC AU)</a> squared away a fully underwritten A$750mn placement (56.6mn shares, 6.1% of shares outstanding) at A$13.25/share, a 10% discount to last close. </li>
<li>Gina Rinehart, Lynas' second largest shareholders with ~8.2%, took up her compliment. </li>
<li>Placement proceeds will be applied to streamlining ops, expanding its stockpiles/capacity, and investing downstream into magnet makers.</li>
</ul>


Last week, rare-earth play Lynas Corp Ltd (LYC AU) squared away a fully underwritten A$750mn placement (56.6mn shares, 6.1% of shares outstanding) at A$13.25/share, a 10% discount to last close. 
Gina Rinehart, Lynas' second largest shareholders with ~8.2%, took up her compliment. 
Placement proceeds will be applied to streamlining ops, expanding its stockpiles/capacity, and investing downstream into magnet makers.


Lynas (LYC AU) Targets Vertical Expansion

APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/lynas-corp-ltd" target="_blank" data-smartkarma-citation="entities:20374:1" rel="noopener">Lynas Corp Ltd (LYC AU)</a> is looking to raise up to US$488m in a primary placement.</li>
<li>The deal is a relatively small one, representing 9.8 days of the stock’s three month ADV, and 5.5% of total shares outstanding.</li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>



Lynas Corp Ltd (LYC AU) is looking to raise up to US$488m in a primary placement.
The deal is a relatively small one, representing 9.8 days of the stock’s three month ADV, and 5.5% of total shares outstanding.
In this note, we will talk about the placement and run the deal through our ECM framework.


Lynas Rare Earth Placement: Opportunistic Raise but Strategic Rare Earth Assets

<ul>
<li>China recently escalated restrictions on the export of rare earths. Not just to the US as the two global players go toe-to-toe on tariffs; but to all countries.</li>
<li>China’s latest round of restrictions target critical materials used in defense, electronics, and EVs.</li>
<li>Apart from China, the world's largest refining - not just the largest miner - who else refines rare earth elements, specifically heavy rare earths?</li>
</ul>


China recently escalated restrictions on the export of rare earths. Not just to the US as the two global players go toe-to-toe on tariffs; but to all countries.
China’s latest round of restrictions target critical materials used in defense, electronics, and EVs.
Apart from China, the world's largest refining - not just the largest miner - who else refines rare earth elements, specifically heavy rare earths?


Know Your Rare Earth Elements As China Restricts Exports

Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.

Equity Bottom-Up

<ul><li>Lynas, a six and a half billion dollar mining company, faced challenges in their half yearly results with higher unit costs and a significant decrease in cash position.</li><li>The company's cash reserves have diminished by over $200 million, raising concerns about the sustainability of their operations in the current rare earths price environment.</li><li>Expansion projects in Mount Weld and Kalgoorlie are ongoing, with potential impacts on future financial performance and the need for additional financing options.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Lynas, a six and a half billion dollar mining company, faced challenges in their half yearly results with higher unit costs and a significant decrease in cash position.The company's cash reserves have diminished by over $200 million, raising concerns about the sustainability of their operations in the current rare earths price environment.Expansion projects in Mount Weld and Kalgoorlie are ongoing, with potential impacts on future financial performance and the need for additional financing options.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Will depressed prices force a Lynas raising?

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Dec 12th (reported today). The aggregated short interest was USD29.2bn.</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 JB Hi-Fi, National Australia Bank, Bluescope Steel, Scentre, Metcash.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Dec 12th (reported today). The aggregated short interest was USD29.2bn.
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 JB Hi-Fi, National Australia Bank, Bluescope Steel, Scentre, Metcash.


ASX Short Interest Weekly (Dec 12th): JB Hi-Fi, National Australia Bank, Bluescope Steel, Scentre

Australia

Lynas Corporation Limited explores and mines for rare earth minerals such as cerium and neodymium.

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Lynas Corp Ltd (LYC AU)

Lynas (LYC AU) Targets Vertical Expansion

Lynas is up massively over the past year, and especially recently. Yet as the no 1 rare-earth play outside China - and now very cashed up - it's a...

David Blennerhassett

Lynas Rare Earth Placement: Opportunistic Raise but Strategic Rare Earth Assets

Lynas Rare Earth (LYC) is looking to raise up to US$488m in a primary placement. In this note, we will talk about the placement and run the deal...

Nicholas Tan

Know Your Rare Earth Elements As China Restricts Exports

As the world largest non-PRC rare-earth refiner, don't bet against Lynas as a strategic long-term supplier of critical materials in modern energy,...

David Blennerhassett

Will depressed prices force a Lynas raising?

Linus faces challenges with low rare earth prices, cash flow concerns, and the need for additional financing to support its operations and...

Money of Mine

ASX Short Interest Weekly (Dec 12th): JB Hi-Fi, National Australia Bank, Bluescope Steel, Scentre

We analyzed ASX short interest report for the past week and highlight short interest changes in JB Hi-Fi, National Australia Bank, Bluescope Steel,...

Ke Yan, CFA, FRM

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