On Monday, Syrah Resources picked up $250 million; on Tuesday, Nickel Mines was raising $317 million; on Wednesday, we hear Stanmore Resources was sounding out fund managers for $US600 million ($839 million).
Stanmore picked up BHP’s Queensland coal assets in December and it’s got a $US1.35 billion bill to settle.
It already has a debt package lined up, and a deep-pocketed Indonesian investor. So it will be interesting to see where the soundings land.
Meanwhile, the WA TAB auction is into its second round, and we’ve got the names of who made the shortlist.
Elsewhere, the latest IPO candidate is Quadrant-owned Amart Furniture with more than $100 million EBITDA; and Sandon Capital is facing off with activist investor Octavium Capital at microcap Ignite.
Happy reading,
Anthony Macdonald, Sarah Thompson and Kanika Sood Street Talk Editors
Bell Potter and Canaccord Genuity have mailed out pricing for the gut health biotech’s $30 million float, after parading it to fund managers last week.
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