Latest Active Management News

Platinum Capital Limited has taken a significant step towards restructuring by lodging a draft scheme booklet to convert shareholder investments into an active ETF, aiming to resolve its persistent discount to net tangible assets.

Platinum Asia Investments Limited has taken a significant step forward in its proposed restructure, lodging a draft scheme booklet to facilitate shareholder exchange of shares for ETF units. The move aims to resolve the persistent discount to net tangible assets.

St Barbara Limited is set to exchange its Patronus Resources shares for a significant stake in Geopacific Resources, aligning with its active portfolio management strategy and deepening ties to Papua New Guinea mining projects.

Asian Battery Metals has intercepted further massive sulphide mineralisation at its Oval copper-nickel project in Mongolia, expanding the known mineralised zone and confirming geological continuity between key areas.

Challenger Gold Limited’s Preliminary Feasibility Study for the Hualilan Toll Milling Project outlines a robust three-year operation delivering 450,000 tonnes of gold-silver ore to Austral Gold’s Casposo plant, with strong economics and low upfront capital.

PointsBet has secured a significantly improved acquisition proposal from MIXI, lifting the cash offer by 13.2% to $1.20 per share and postponing the shareholder vote to June 25. The move intensifies the takeover battle amid ongoing regulatory approvals and a rival bid from Betr Entertainment.

Aston Minerals and Torque Metals have secured court approval for their merger schemes, setting the stage for a significant consolidation in the mining sector. Trading of Aston Minerals shares will be suspended from May 29 as the merger moves toward implementation.

Reef Casino Trust reported stable 2024 financial results with steady distributions, while confidential takeover proposals from two groups are under board review. Operational challenges include rising regulatory costs and inflationary pressures.

Almonty Industries reported a sharp increase in net loss for Q1 2025 despite stable revenues, driven by significant non-cash charges on warrant and derivative liabilities. The company secured additional financing to support ongoing operations and project development.

Navigator Global Investments has raised its FY25 earnings outlook, projecting a 17-22% increase in adjusted EBITDA driven by robust profit distributions from its diversified Partner Firms.

Anteris Technologies Global Corp. reported a $21.9 million net loss for Q1 2025, driven by increased R&D spending as it scales manufacturing and prepares pivotal trials for its DurAVR Transcatheter Heart Valve. The company’s recent $80 million IPO proceeds are being deployed to support these efforts and repay debt.

Infinity Mining Limited has successfully closed a pro-rata entitlement issue, raising over $280,000 through new options set to be listed on the ASX next week.