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

MinRes' "Unconditional" Offer For Norwest

Quiddity Advisors

Event-Driven

<ul>
<li>Back on the 10 January, <strong><a href="https://www.smartkarma.com/entities/norwest-energy-nl" target="_blank" data-smartkarma-citation="entities:1433:1" rel="noopener">Norwest Energy NL (NWE AU)</a></strong> rejected <strong><a href="https://www.smartkarma.com/entities/mineral-resources-ltd" target="_blank" data-smartkarma-citation="entities:15103:1" rel="noopener">Mineral Resources (MIN AU)</a></strong>'s off-market scrip Offer.</li>
<li>It was apparent what MinRes needed to bump. This was an easy win if they do. On cue, they have now increased the scrip terms and NWE's directors are supportive. </li>
<li>Scrip terms are now 1 MinRes for every 1,300 NWE shares - from 1,367. I think NWE could have held out for more, but it is what it is. </li>
</ul>


Back on the 10 January, Norwest Energy NL (NWE AU) rejected Mineral Resources (MIN AU)'s off-market scrip Offer.
It was apparent what MinRes needed to bump. This was an easy win if they do. On cue, they have now increased the scrip terms and NWE's directors are supportive. 
Scrip terms are now 1 MinRes for every 1,300 NWE shares - from 1,367. I think NWE could have held out for more, but it is what it is. 


Norwest Energy NL

Norwest Backs MinRes' Bumped Offer