Augustine Jibao Gaima’s Post

Following an unsolicited takeover offer from PRM Services, Sierra Rutile has this morning, released an announcement to advise shareholders to Take No Action. Sierra Rutile’s Chairman Greg Martin commented: “We have formed the view that the Offer is opportunistic, inadequate and undervalues the Company, following the Board’s preliminary review of the unsolicited on-market takeover offer from PRM. PRM has opportunistically timed its Offer ahead of key value catalysts, such as the Sembehun DFS, and we do not believe it reflects Sierra Rutile’s significant strategic value as a major participant in the global mineral sands industry. However, the Board will continue to assess the on-market takeover further and issue an official Target’s Statement containing a formal recommendation from Sierra Rutile’s Directors in relation to the Offer. In the interim, the Sierra Rutile Board unanimously recommends shareholders continue to TAKE NO ACTION in relation to the Offer.” Read the full announcement here: https://lnkd.in/g6_trXmY #ASX #Africa #MineralSands #SierraLeone

This morning Lebanon’s Sidara walked away from discussions with the London-listed consulting and engineering group Wood, citing “rising geopolitical risks and financial market uncertainty”. This will be a major blow for Wood’s shareholders - its share price has fallen 39% so far today, at 121p at the time of writing, far below the 230p that had been tabled by Sidara. Our 8.3 tracker shows that 5 new hedge funds have built up stakes of over 1% since the start of the offer period and now face sizeable losses. Shareholders will be feeling a sense of deja vu, as last year Apollo had proposed an offer of 240p before ending discussions in May 2023. Today’s announcement will likely intensify pressure on Wood’s Board, as several shareholders had been urging the Board to maximise shareholder value. #mergersacquisitions #manda #londonstockexchange

Congratulations to Leonoil Company Limited (Leonoil) on the execution of a Bid Implementation Agreement with Sierra Rutile Limited (SRX), under which Leonoil will offer to acquire all of the issued and outstanding ordinary shares in SRX it does not already own under an off-market takeover bid. Leonoil currently holds 19.85% of SRX and is offering a cash consideration of A$0.18 per SRX Share that it does not already own. This Offer represents a 12.5% premium to the A$0.16 a share offer price of Gemcorp Commodities Assets Holdings Limited’s (Gemcorp) off-market takeover bid announced on 1 July 2024. Importantly, the Leonoil Offer is not subject to any minimum acceptance condition, compared to Gemcorp’s 51% minimum acceptance condition. Sternship is pleased to be acting as financial adviser to Leonoil, alongside Gilbert + Tobin who is acting as legal adviser to Leonoil.

Are you following #Insider #Trading and #Investing #Activities.. well I do and I think you should do too. Thanks to CEO.CA 🔺 this is easier as you might think, as they have a header named "INSIDER" which is absolutly worth to click there from time to time to check companies you own and follow names that put a decent amount into their own managed pubcos. One of them is called Mark Saxon - CEO of T2 Metals Corporation (TSXV: TWO) a #Copper play with a very tight sharestructure, an highly attractive #risk #reward #ratio and what makes me even more bullish on the company is a look in the insider trading book: As background: The firm which just closed the first tranche of a 2 Mio CAD Financing. Mark himself who is buying in the open market regularly put up 150.000 CAD in the #Financing as well as a gentlemen who is called #NickDeMare (CFO of TWO) who participated as well with a smaller amount. Myself as investor for my family office and shareholder of TSX-V: $TWO of like such engagements in #PrivatePlacements and #OpenMarket #Purchases as it shows me committment and faith in in the merits of their company and their operations. Interests are totally alligned with external shareholders. Congratulations Mark Saxon for the first closing - you lead by example for others! I am very excited about the upcoming drilling campaign in #Manitoba #Copper #InvestmentCase #FamilyOffices #HNWIs #SmartInvestors #Canada #Masterpiece of #CorporateBuilding #Allignment with #Shareholders. https://lnkd.in/dNDhpDHM

Larvotto has entered into a binding Underwriting Agreement with Aitken Mount Partners, Blue Ocean Equities Pty Ltd and Canaccord Genuity (Australia) Limited to ensure that approximately $4.5 million of cash will be received from the exercise of certain ASX listed Larvotto options (ASX:LRVO). These LRVO options were issued in conjunction with the Company’s Initial Public Offering in late 2021. There are circa 14.9 million options outstanding which are the subject of the Underwriting Agreement and the options have a strike price of $0.30 with an expiry date of 1 December 2024. Managing Director, Ron Heeks, commented: "To date, 2024 has been a watershed year for the shareholders of Larvotto, reflected in the substantial rerating of the shares in the Company. The underwriting of these options from our 2021 IPO provides us with an excellent capital base to add further shareholder value as we head into our planed Hillgrove antimony / gold development in 2025." Read the full ASX announcement: https://lnkd.in/gJuGcjWh #LRV

Occidental, CrownRock Merger Under Regulatory Review: 2024 Update #CrownRock 94,000+ net acres #acquisition, valued at $12.0 billion, boosts #Occidental #MidlandBasin presence and enhances its #PermianBasin portfolio. The U.S. antitrust agency has initiated a detailed investigation into Occidental Petroleum Corp's proposed $12-billion purchase of CrownRock LP, a Permian-based producer. Occidental will pay for the purchase by borrowing $9.1 billion, taking on CrownRock's existing $1.2 billion debt, and giving $1.7 billion in common stock to CrownRock owners.  Occidental, backed by Warren Buffet, along with CrownRock, recently received a "second request" from the Federal Trade Commission (FTC) for more information on the deal, as disclosed by Occidental to the U.S. Securities and Exchange Commission (SEC). This request aims to assess if the merger violates antitrust laws. Read more here: https://lnkd.in/dgiqBcv2 Rextag's Energy DataLink: One app to meet your energy research needs Try it for FREE: https://lnkd.in/d5QtACv6

Roxas Holdings Inc. (RHI), a key player in the sugar and ethanol industry in the Philippines, has announced a temporary suspension of its stock trading from May 20 to May 31 on the Philippine Stock Exchange. This strategic move aims to mitigate speculative trading amidst ongoing discussions regarding a potential major investment by businessman Leandro Leviste. Although negotiations are still in progress, the company took this preventive action following rumors that Leviste, the youthful entrepreneur behind SP New Energy Corp. (SPNEC), is considering acquiring a controlling interest in RHI. This development follows the news that Leviste's Countryside Investments Holdings Corp. has signed a preliminary term sheet with tycoon Manuel Pangilinan, proposing a P5 billion investment for a 71.6 percent stake in RHI, although this agreement is not yet legally binding and remains contingent on several conditions including approvals from corporate boards, shareholders, and regulatory bodies. RHI has emphasized that the term sheet is merely indicative and does not constitute a legal obligation for any parties involved. The company plans to keep the public informed with timely disclosures once any definitive developments occur regarding this potential transaction. Prior to this, Leviste had already secured a significant position in another Roxas-affiliated company, Roxas and Co. Inc., where he holds a 10-percent share, marking him as the largest individual shareholder. This background indicates Leviste's ongoing interest and expanding influence within the Roxas corporate family, highlighting his strategic interests in the energy and agricultural sectors. #Merger #Acquisition #Business #MergersandAcquisitions

PHINMA Corporation (PHINMA) has secured the necessary approvals for its stock rights offering of up to P1-billion (SRO) to better fuel investment and expansion endeavors that directly impact Filipino lives. #bonds #stockmarket #stocks #realestate #finance #Business #Corporate #Corporation #Philippines #Financial #PersonalFinance #Invest #Investment #investingtips

Thrilled to Announce a Strategic Partnership with Bhagwati Gold Traders! Swarna Vertias is excited to announce a collaborative partnership with Bhagwati Gold Traders, Ajmer, a leading name in the gold trading industry. This strategic alliance will empower us to provide our clients with even more comprehensive financial solutions, particularly focusing on financing gold purchases. What this partnership means for you: Simplified Gold Financing: Through this collaboration, Swarna Vertias can offer clients access to Bhagwati Gold Traders' vast expertise and competitive rates when financing gold purchases. Enhanced Investment Opportunities: This partnership opens doors for our clients to explore new investment avenues in the gold market with greater ease and confidence. Seamless Financial Experience: We are committed to providing a streamlined and hassle-free experience for our clients seeking to finance their gold acquisitions. Together, Swarna Vertias and Bhagwati Gold Traders are committed to: Facilitating informed investment decisions for our clients. Offering competitive financing options for gold purchases. Building a trusted network for our clients within the gold market. We are confident that this partnership will be a valuable asset to our clients and contribute significantly to the growth of both Swarna Vertias and Bhagwati Gold Traders. Stay tuned for more details on the exciting opportunities this partnership unlocks! #SwarnaVertias #BhagwatiGoldTraders #Partnership #GoldFinancing #Investment #FinancialSolutions Feel free to connect with us in the comments below to learn more!

Part 1: A huge vote of thanks to the shareholders who attended the #Mantengu AGM last week (#JSE). Mantengu has had to overcome so many “black swan” events which would not be possible without the unwavering support of our shareholders. AGM resolutions are always a great litmus test for shareholder support. Shareholders / Director relationships are built on absolute trust so when shareholders entrust the board with certain authorities – the board cannot take that trust lightly! Mantengu presented 13 resolutions to shareholders. All resolutions passed with the requisite majority with the lowest support being 98.45%. The AGM also highlighted that certain shareholders are hellbent on disrupting Mantengu’s progress. Without the requisite AGM documentation and submissions in place, they attempted to disrupt the Q&A session. Our chairman, Alistair Collins, intervened and routed out the poor behaviour. After the AGM, other shareholders made contact with the board to explain their knowledge of the poor behaviour. The disruptors had tried to obtain other proxies and explained that their intention was to embarrass Magen Naidoo CA (SA) and I in the AGM and to secure the requisite votes to i.) remove Magen and I from the board, ii.) take BCM out of business rescue (more to follow), and iii.) appoint the approached shareholders to do the mining contracting. My message to them is simple. Read the companies act. Stop lurking in the shadows – expose yourselves and your benefactors. Bring it on! (Mantengu believes that these shareholders are directly/indirectly involved in Mantengu’ share price manipulation.) Alistair Collins Magen Naidoo CA (SA) Vincent Madlela Jonas Tshikundamalema