IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

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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/meteoric-resources-nl" target="_blank" data-smartkarma-citation="entities:1747:1" rel="noopener">Meteoric Resources Nl (MEI AU)</a> owns Brazil's Caldeira ionic clay project. It has agreed a scheme with <a href="https://www.smartkarma.com/entities/lynas-corp-ltd" target="_blank" data-smartkarma-citation="entities:20374:1" rel="noopener">Lynas Corp Ltd (LYC AU)</a> at 0.0207 LYC shares per share, implying A$0.286.</li>
<li>The offer looks attractive. It values Meteoric at a premium to its closest listed peer, <a href="https://www.smartkarma.com/entities/viridis-mining-and-minerals-lt" target="_blank" data-smartkarma-citation="entities:40711:1" rel="noopener">Viridis Mining and Minerals Lt (VMM AU)</a>, and is above historical exchange ratios.</li>
<li>The vote looks low risk. No disinterested holder has a blocking stake, substantial shareholder Tolga Kumova supports the scheme, and the small retail base makes the headcount test low risk.</li>
</ul>



Meteoric Resources Nl (MEI AU) owns Brazil's Caldeira ionic clay project. It has agreed a scheme with Lynas Corp Ltd (LYC AU) at 0.0207 LYC shares per share, implying A$0.286.
The offer looks attractive. It values Meteoric at a premium to its closest listed peer, Viridis Mining and Minerals Lt (VMM AU), and is above historical exchange ratios.
The vote looks low risk. No disinterested holder has a blocking stake, substantial shareholder Tolga Kumova supports the scheme, and the small retail base makes the headcount test low risk.


Meteoric Resources (MEI AU): Lynas All-Scrip Offer, Scheme Vote Low Risk