Refinitiv Data and AIC Mines (A1M)

Hi Darren,

AIC Mines (A1M) 33c:  We’ve had a chance to review some of the correspondence. Essentially, the claim is manipulation of the share price to reduce the value of the company and make it easier for someone like Glencore of Evolution Mining to take it over. There has been a Go Fund Me page setup by Ben Pauley who is the agitator here, to fund $1500 for a legal letter requesting information.

• Firstly, in a general sense, we support this sort of thing happening, more scrutiny is a good thing and keeps companies honest.
• Secondly, holding stock through a custodial arrangement is not uncommon. Many participants do it this way.
• Thirdly, there is history between Glencore and Evolution, EVN bought Ernest Henry from Glencore in early 2022, but EVN have bought a bunch of other things as well – acquisition has been a pillar of their growth.

While we would not be surprised that large mining companies are doing what they can to make it hard for juniors, A1M is a small $190m producer of Copper, EVN is worth $A14 billion and Glencore $A61 billion, we would be very surprised if either would open themselves up legally to save on a potential takeover price/premium for A1M, it’s just unlikely to be the case.

Refinitiv Data: Is the data provider on the MM website, they are one of the largest data providers in the world who were acquired by the London Stock Exchange Group (LSEG) in 2021 for $27 billion.

The data is an aggregation of all analysts’ inputs, essentially averaged out.

• The numbers for PMV are for the full year, remember that PMV sold a large chunk of their revenue (brands) to Myer this year, which would explain it.

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Premier Investments Ltd (PMV)

LAST UPDATED 04/04/2025 15:49

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Premier Investments Ltd (PMV)

LAST UPDATED 04/04/2025 15:49