In today’s briefing:
- Predictive/Robex’s Merger Of Equals
- From Banks to Miners: Cheap Vs. Rich Volatility Across Australia
Predictive/Robex’s Merger Of Equals
- The gold rush continues as Predictive (PDI AU) and Robex (TSX-V: RBX, ASX: RXR) announce a scrip merger to form a West African mid-tier gold play.
- Via a “definitive plan of arrangement“, Robex shareholders will receive 8.667 PDI shares for every Robex share. Upon completion, PDI will hold 51% of shares out, and Robex the remainder.
- The Cohen Group and Eglington Mining (collectively holding 25.2% of Robex) are supportive. The key condition is Robex’s shareholder vote, sometime in December, with a two-thirds threshold.
From Banks to Miners: Cheap Vs. Rich Volatility Across Australia
- Context: Volatility cones provide a straightforward framework to evaluate whether options are trading cheap or rich. This Insight provides volatility analysis for ten prominent Australian stocks and the benchmark.
- Highlights: December implied volatility tends to be rich for the banks and cheap for the miners. S&P/ASX 200 (AS51 INDEX) implied volatility is cheap across the curve.
- Why Read: Spot opportunities, assess regime shifts, and manage risk effectively — volatility cones turn complex data into actionable insights for traders and investors.
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