Sierra Rutile Limited’s Post

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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

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.

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

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

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

OreCorp Limited has announced a recommendation to accept the amended Perseus proposal following the lapse of the Silvercorp Metals Inc off-market takeover bid (Silvercorp Offer), as outlined in ASIC Form 604 released by Silvercorp today.   As one or more of the defeating conditions of the Silvercorp Offer were not waived or satisfied by the Closing Time (being 7pm (Sydney time) on 22 March 2024), the Silvercorp Offer has now lapsed and acceptances of this Offer have become void.   The OreCorp Board now unanimously recommends that OreCorp Shareholders ACCEPT the amended Perseus proposal, in the absence of a superior proposal. The OreCorp Board notes that no superior proposal has so far emerged.   OreCorp Directors, holding approximately 3.9% of the OreCorp shares intend to accept the amended Perseus proposal.   See the full announcement: https://bit.ly/4ctAsos

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

We wish to remind Eligible Shareholders that the opportunity to participate in the non-renounceable pro-rata offer closes at 5.00 pm (AWST) this Friday, 10 May 2024. Eligible Shareholders are those shareholders who held shares at 5.00 pm (AWST) on 22 April 2024 (Record Date) with a registered address in Australia and New Zealand. As previously announced, the Company is undertaking a non -renounceable entitlement offer to eligible shareholders of 1 new fully paid ordinary shares for every 2 existing fully paid ordinary shares held at an issue price of $0.01 per share to raise up to $926,788 before costs. Eligible Shareholders may participate in the Entitlement Offer by making payment in accordance with the instructions on their personalised Entitlement and Acceptance Form. To access their personalised Entitlement and Acceptance Form and Offer Booklet, Eligible Shareholders can use the following link, https://lnkd.in/gQ3hRE7k. View the full ASX Announcement: https://lnkd.in/gzFj6amg #WSR #Westar #gold #silver #ASX #ASXNews #exploration #resources #miningnews 

More on BHP ⛏ : So ... Anglo American has rejected BHP's initial approach, but this saga is far from over. As we know this play is ALL about copper. But pulling off the deal will also require manoeuvring around the London-headquartered miner’s host of other assets, many of which are non-core and stacked with environmental, social and governance hangovers. Concerns come from what would be a huge divergent commodity mix, geographic split and increased complexity with the two entities merging and the final composition of the portfolio. Integrating the copper and steel making coal assets could just be the TOO HARD basket. In essence though - it might just be a higher bid thats needed to make this happen. In M&A News: * Zip Co is being eyed as an M&A target.  Zip, which relies heavily on the US market, is performing better than expected as its turnaround efforts bear fruit. Zip is considered an obvious target for a larger rival such as Affirm [NASDAQ: AFRM], Block [NYSE: SQ], or Klarna as they attempt to consolidate the US market and drive growth. Zip has a market capitalisation of AUD 1.25bn. * Thoma Bravo is thought to be considering a bid for PEXA [ASX: PXA], an Australia-based digital property settlements business. PEXA is trading at AUD 11.42, for a market value of AUD 2.1bn (USD 1.35bn), after it listed in 2021 at AUD 17 per share. * Cheeky Farms, an Australian mango farming operation, has been put up for sale by receivers. The Cheeky Farms aggregation includes 283ha of mango orchards spread over four properties south-east of Darwin. #mining #BHP #copper #mergers #acquisitions #womeninfinance #BHP #angloamerica