Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<a href="https://www.smartkarma.com/entities/6358" target="_blank" data-smartkarma-citation="entities:6358:1">Zijin Mining Group Co Ltd H (2899 HK)</a>/<a href="https://www.smartkarma.com/entities/24628" target="_blank" data-smartkarma-citation="entities:24628:1">Zijin Mining Group (601899 CH)</a>  <a href="http://www.hkexnews.hk/listedco/listconews/SEHK/2018/0906/LTN20180906025.pdf" target="_blank">announced</a> a friendly, all-cash bid for <a href="https://www.smartkarma.com/entities/25784" target="_blank" data-smartkarma-citation="entities:25784:1">Nevsun Resources (NSU CN)</a> at C$6/share, a 26% premium to the unsolicited &amp; hostile bid from <a href="https://www.smartkarma.com/entities/25356" target="_blank" data-smartkarma-citation="entities:25356:1">Lundin Mining (LUN CN)</a> of C$4.75/share, and a 57% premium to the undisturbed price prior to Lundin’s <a href="https://www.nevsun.com/news/2018/may8/" target="_blank">first announcement</a> in April.  
The deal implies an equity value of C$1.86bn for Nevsun. The transaction requires a minimum of 66⅔% of Nevsun’s 302.6mn outstanding shares being tendered, including those held directly or indirectly by Zijin and its affiliates. Zijin currently owns 3.2mn shares or 1.1% of shares out.
Regulatory approvals required include: Canada's Investment Canada Act and the Competition Act, and China's National Development and Reform Commission, the Ministry of Commerce, and the State Administration of Foreign Exchange. Nevsun's CEO Peter Kukielski does not foresee any specific bottlenecks in securing these approvals. This offer appears priced to complete.

Zijin Mining Group Co Ltd H (2899 HK)/Zijin Mining Group (601899 CH)  announced a friendly, all-cash bid for Nevsun Resources (NSU CN) at C$6/share, a 26% premium to the unsolicited &amp; hostile bid from Lundin Mining (LUN CN) of C$4.75/share, and a 57% premium to the undisturbed price prior to Lundin’s first announcement in April.  
The deal implies an equity value of C$1.86bn for Nevsun. The transaction requires a minimum of 66⅔% of Nevsun’s 302.6mn outstanding shares being tendered, including those held directly or indirectly by Zijin and its affiliates. Zijin currently owns 3.2mn shares or 1.1% of shares out.
Regulatory approvals required include: Canada's Investment Canada Act and the Competition Act, and China's National Development and Reform Commission, the Ministry of Commerce, and the State Administration of Foreign Exchange. Nevsun's CEO Peter Kukielski does not foresee any specific bottlenecks in securing these approvals. This offer appears priced to complete.

Nevsun Resources

Nevsun's Copper Solution for Zijin