In today’s briefing:
- Have investors overblown Cobre Panama’s risk?
- MV Australia A-REITs Index Rebalance: Waypoint REIT (WPR AU) Deleted

Have investors overblown Cobre Panama’s risk?
- Boss Energy has acquired a stake in Laramide, filling a gap in their listed investments
- Laramide’s flagship asset is the Westmoreland Uranium project in Queensland, with potential in New Mexico as well
- Boss Energy’s acquisitions suggest a shift in narrative towards exploring potential projects beyond just production
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MV Australia A-REITs Index Rebalance: Waypoint REIT (WPR AU) Deleted
- Waypoint REIT (WPR AU) will be deleted from the Vaneck Vectors Australian Property ETF (MVA AU) next week. There are float changes and capping changes too.
- Estimated one-way turnover is 4.3% and will result in a round-trip trade of A$49m. There are 3 stocks with over 0.5x ADV to trade from passive trackers.
- We had Waypoint REIT (WPR AU) as a delete in December, but the stock was not deleted from the index. We had it as a close delete this time.
