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.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/larvotto-resources-limited" target="_blank" data-smartkarma-citation="entities:36437:1" rel="noopener">Larvotto Resources (LRV AU)</a> has disclosed a non-binding proposal from <a href="https://www.smartkarma.com/entities/united-states-antimony-corp" target="_blank" data-smartkarma-citation="entities:38018:1" rel="noopener">United States Antimony (UAMY US)</a> (USAC) at 6 USAC shares for every 100 Larvotto shares.</li>
<li>The offer is unattractive as the current implied offer value is 20% below the last close price and undervalues the core Hillgrove Mine based on the DFS's NPV analysis.</li>
<li>USAC's share price meteoric rise YTD amplifies the risk of the all-scrip offer. The Board should push for better terms or outright reject the NBIO. </li>
</ul>



Larvotto Resources (LRV AU) has disclosed a non-binding proposal from United States Antimony (UAMY US) (USAC) at 6 USAC shares for every 100 Larvotto shares.
The offer is unattractive as the current implied offer value is 20% below the last close price and undervalues the core Hillgrove Mine based on the DFS's NPV analysis.
USAC's share price meteoric rise YTD amplifies the risk of the all-scrip offer. The Board should push for better terms or outright reject the NBIO. 


Larvotto Resources (LRV AU): USAC’s Unattractive NBIO

Australia

Red Mountain Mining Ltd seeking to establish itself as an operating gold producer in China through strategic joint ventures with Chinese partners. The Company is focused on acquiring gold projects and mining operations in China which can be upgraded using Australian mining methods or converted into producing assets through exploration techniques and modern mine designs.

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Red Mountain Mining (RMX AU)

Larvotto Resources (LRV AU): USAC’s Unattractive NBIO

The offer is unattractive on several fronts. The declining USAC share price undermines the proposal. The Board should push for better terms or...

Arun George

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