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>On 5 September, Shenge increased its minimum scheme consideration for <a href="https://www.smartkarma.com/entities/peak-rare-earths-limited-nguall" target="_blank" data-smartkarma-citation="entities:19238:1" rel="noopener">Peak Rare Earths (PEK AU)</a> to A$0.443, a 23% premium to the previous minimum cash consideration.</li>
<li>The IE considers the offer fair and reasonable. The key conditions are approval from the Fair Competition Commission of Tanzania and shareholder approval (vote scheduled for 16 September).</li>
<li>This is a done deal, as Tanzania approval and the vote are low-risk. At the last close and for a 30 September payment, the gross/annualised spread is 5.5%/147%.  </li>
</ul>


On 5 September, Shenge increased its minimum scheme consideration for Peak Rare Earths (PEK AU) to A$0.443, a 23% premium to the previous minimum cash consideration.
The IE considers the offer fair and reasonable. The key conditions are approval from the Fair Competition Commission of Tanzania and shareholder approval (vote scheduled for 16 September).
This is a done deal, as Tanzania approval and the vote are low-risk. At the last close and for a 30 September payment, the gross/annualised spread is 5.5%/147%.  


Peak Rare Earths (PEK AU): A Done Deal at an Attractive Spread

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>On the <a href="https://announcements.asx.com.au/asxpdf/20250515/pdf/06jrrv7bzv8wkn.pdf" target="_blank" rel="noopener">15th May</a>, <strong><a href="https://www.smartkarma.com/entities/peak-resources-ltd" target="_blank" data-smartkarma-citation="entities:19238:1" rel="noopener">Peak Rare Earths (PEK AU)</a></strong> entered into a non-binding Offer, by way of a Scheme, with <strong><a href="https://www.smartkarma.com/entities/shenghe-resources-holding-co-ltd" target="_blank" data-smartkarma-citation="entities:17058:1" rel="noopener">Shenghe Resources (600392 CH)</a></strong> @A$0.389/share, a punchy 199% to undisturbed.</li>
<li>Shenghe holds 19.86% in Peak, and has offtake rights to 100% of the rare earth production from the 84%-held Ngualla project in Tanzania. </li>
<li>The Scheme Booklet was registered with ASIC on the 11th August with a 16th September Scheme Meeting. Shenghe has now bumped terms to A$0.443. Declared final. Scheme Meeting remains unchanged. </li>
</ul>


On the 15th May, Peak Rare Earths (PEK AU) entered into a non-binding Offer, by way of a Scheme, with Shenghe Resources (600392 CH) @A$0.389/share, a punchy 199% to undisturbed.
Shenghe holds 19.86% in Peak, and has offtake rights to 100% of the rare earth production from the 84%-held Ngualla project in Tanzania. 
The Scheme Booklet was registered with ASIC on the 11th August with a 16th September Scheme Meeting. Shenghe has now bumped terms to A$0.443. Declared final. Scheme Meeting remains unchanged. 


Peak Rare Earths (PEK AU): Shenghe Bumps And Declares Terms Final

Australia

Vital Metals Limited explores for and mines tungsten and molybdenum, which are alloying metals used in the manufacturing of specialty steels.

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Vital Metals (VML AU)

Peak Rare Earths (PEK AU): A Done Deal at an Attractive Spread

This is a done deal, as Tanzania approval and the vote are low-risk. At the last close and for a 30 September payment, the gross/annualised spread...

Arun George

Peak Rare Earths (PEK AU): Shenghe Bumps And Declares Terms Final

Clean deal. Tanzania's FCC will give the acquisition a hard look; but should give the green light, given Shenghe's offtake agreement. If small...

David Blennerhassett

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