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>Ellison will stay on as MD for 12 to 18 months as board accelerates succession plan</li><li> Ellison to incur financial penalties of $8.8 million, with unvested LTIs and STIs forfeited</li><li>Chair James McClements to depart board, with more board turnover expected in future due to governance issues and share price volatility</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Ellison will stay on as MD for 12 to 18 months as board accelerates succession plan Ellison to incur financial penalties of $8.8 million, with unvested LTIs and STIs forfeitedChair James McClements to depart board, with more board turnover expected in future due to governance issues and share price volatilityThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

MinRes Scandal to See Ellison Exit. Now What?

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>On the 15th August, lithium play <a href="https://www.smartkarma.com/entities/latin-resources-ltd" target="_blank" data-smartkarma-citation="entities:8770:1" rel="noopener">Latin Resources (LRS AU)</a> entered into a Scheme with <a href="https://www.smartkarma.com/entities/pilbara-minerals-ltd" target="_blank" data-smartkarma-citation="entities:7460:1" rel="noopener">Pilbara Minerals (PLS AU)</a>. PLS is offering 0.07 new PLS shares for every LRS share. </li>
<li>The scrip terms back out an implied price of A$0.20/share or a 67% premium to last close. Expected implementation was late November, early December; now January / February 2025.</li>
<li>My back &amp; forth with both Pilbara and Latin indicate the booklet had to be delayed to reflect Pilbara's recently adjusted FY25 guidance.</li>
</ul>


On the 15th August, lithium play Latin Resources (LRS AU) entered into a Scheme with Pilbara Minerals (PLS AU). PLS is offering 0.07 new PLS shares for every LRS share. 
The scrip terms back out an implied price of A$0.20/share or a 67% premium to last close. Expected implementation was late November, early December; now January / February 2025.
My back &amp; forth with both Pilbara and Latin indicate the booklet had to be delayed to reflect Pilbara's recently adjusted FY25 guidance.


Latin Resources (LRS AU)'s Scheme: Minor Delay, Not Deal Related

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 Oct 25th (reported today) which has an aggregated short interest worth USD24.6bn.</li>
<li>We tabulate league table 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 Coles, Viva Energy, Nick Scali, Guzman Y Gomez, Mineral Resources, BHP, Goodman, Wisetech Global.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Oct 25th (reported today) which has an aggregated short interest worth USD24.6bn.
We tabulate league table 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 Coles, Viva Energy, Nick Scali, Guzman Y Gomez, Mineral Resources, BHP, Goodman, Wisetech Global.


ASX Short Interest Weekly (Oct 25th): Coles, Viva Energy, Nick Scali, Guzman Y Gomez

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Oct 18th (reported today) which has an aggregated short interest worth USD26.3bn.</li>
<li>We tabulate league table 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 Fortescue, Australia And New Zealand Banking, Evolution Mining, BHP, Webjet.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Oct 18th (reported today) which has an aggregated short interest worth USD26.3bn.
We tabulate league table 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 Fortescue, Australia And New Zealand Banking, Evolution Mining, BHP, Webjet.


ASX Short Interest Weekly (Oct 18th): Fortescue, Australia And New Zealand Banking, Evolution Mining

<ul><li>Neil Chenoweth wrote a detailed investigative piece on Min Res founder Chris Allison and former top executives, alleging a tax evasion scheme using shareholder funds.</li><li>The scheme involved buying machinery with inflated prices from a company named Far East Equipment Holdings in the British Virgin Islands.</li><li>Min Res stock dropped 13% in response to the article, with implications on leadership and governance of the company.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Neil Chenoweth wrote a detailed investigative piece on Min Res founder Chris Allison and former top executives, alleging a tax evasion scheme using shareholder funds.The scheme involved buying machinery with inflated prices from a company named Far East Equipment Holdings in the British Virgin Islands.Min Res stock dropped 13% in response to the article, with implications on leadership and governance of the company.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

What the Ellison allegations mean for MinRes

Australia

Mineral Resources Ltd. offers contract crushing services to the mining industry in Australia.  The Company serves gold, iron ore, tantalum, and coal companies.

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Mineral Resources (MIN AU)

MinRes Scandal to See Ellison Exit. Now What?

Alison will remain as MD for up to 18 months, facing financial penalties and forfeiting unvested incentives, while the board undergoes a succession...

Money of Mine

ASX Short Interest Weekly (Oct 25th): Coles, Viva Energy, Nick Scali, Guzman Y Gomez

We analyzed ASX short interest report for the past week and highlight short interest changes in Coles, Viva Energy, Nick Scali, Guzman Y Gomez,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Oct 18th): Fortescue, Australia And New Zealand Banking, Evolution Mining

We analyzed ASX short interest report for the past week and highlight short interest changes in Fortescue, Australia And New Zealand Banking,...

Ke Yan, CFA, FRM

What the Ellison allegations mean for MinRes

The article discusses a detailed investigation into Min Rez's questionable use of corporate funds, allegations of tax evasion through a transfer...

Money of Mine

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

MinRes Scandal to See Ellison Exit. Now What?

Alison will remain as MD for up to 18 months, facing financial penalties and forfeiting unvested incentives, while the board undergoes a succession...

Money of Mine

Latin Resources (LRS AU)'s Scheme: Minor Delay, Not Deal Related

This is done. And trading wide-ish at a gross/annualised return of 4.3%/17.2%, assuming early Feb completion. IF you can take down borrow cheaply...

David Blennerhassett

ASX Short Interest Weekly (Oct 25th): Coles, Viva Energy, Nick Scali, Guzman Y Gomez

We analyzed ASX short interest report for the past week and highlight short interest changes in Coles, Viva Energy, Nick Scali, Guzman Y Gomez,...

Ke Yan, CFA, FRM

ASX Short Interest Weekly (Oct 18th): Fortescue, Australia And New Zealand Banking, Evolution Mining

We analyzed ASX short interest report for the past week and highlight short interest changes in Fortescue, Australia And New Zealand Banking,...

Ke Yan, CFA, FRM

What the Ellison allegations mean for MinRes

The article discusses a detailed investigation into Min Rez's questionable use of corporate funds, allegations of tax evasion through a transfer...

Money of Mine