Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Back in February last year, the Aussie Treasurer <a href="https://www.legislation.gov.au/F2023N00026/asmade/text" target="_blank" rel="noopener">prohibited</a> Yuxiao Fund from buying an additional 9.92% in <strong><a href="https://www.smartkarma.com/entities/northern-minerals-ltd" target="_blank" data-smartkarma-citation="entities:20445:1" rel="noopener">Northern Minerals (NTU AU)</a></strong> which would have increased its stake to 19.9%.</li>
<li>On the <a href="https://announcements.asx.com.au/asxpdf/20231121/pdf/05xl2d4q74m61v.pdf" target="_blank" rel="noopener">20th November 2023</a>, Yuxiao sought the removal of Nicholas Curtis as director of the rare-metal play at an EGM; however Curtis <a href="https://announcements.asx.com.au/asxpdf/20240527/pdf/063yqlgvx8zbll.pdf" target="_blank" rel="noopener">resigned his post</a> and the EGM cancelled.</li>
<li>The Aussie Treasurer has <a href="https://www.legislation.gov.au/F2024N00475/latest/text" target="_blank" rel="noopener">now made orders</a> requiring Yuxiao and four (deemed) associated investors to sell their holdings (~10.4% all-in) within 60 days. </li>
</ul>


Back in February last year, the Aussie Treasurer prohibited Yuxiao Fund from buying an additional 9.92% in Northern Minerals (NTU AU) which would have increased its stake to 19.9%.
On the 20th November 2023, Yuxiao sought the removal of Nicholas Curtis as director of the rare-metal play at an EGM; however Curtis resigned his post and the EGM cancelled.
The Aussie Treasurer has now made orders requiring Yuxiao and four (deemed) associated investors to sell their holdings (~10.4% all-in) within 60 days. 


Northern Minerals (NTU AU): Chinese Investors Forced To Exit

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> 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

Solaris Resources Inc. provides exploration and mining services. The Company explores and develops copper and gold projects in the Americas. Solaris Resources serves customers worldwide.

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Solaris Resources (SLS CN)

Northern Minerals (NTU AU): Chinese Investors Forced To Exit

I don't have a strong conviction either way on Northern Minerals here; but the expulsion of Yuxiao, an agitating presence, removes an overhang....

David Blennerhassett

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

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