Thursday , March 30 2023

Hunter or hunter? Fast life at the small end of the city


Hunter Capital, founded just two years ago, has already raised about 250 million dollars in a series of floats and capital increases for everything from Argentine lithium-based prospecting to New Zealand agricultural technology companies up to to the launch of the Benelux satellite.

Along the way he became involved in the pumping-and-dumping stocks accusations and an stoush with Twitter active and combative nickel stock storage community.

A Fairfax Media analysis of Hunter Capital's stocks and activities reveals a company that works for a large number of small businesses, many of which are fueling shareholder investments.

In spite of some doubtful early investment, these companies are often supported by Silver Capital analysts – used by traders and investors to choose shares – in a spectacular way.

Silver says Fairfax Media, though the company only engages "with companies we believe will fundamentally perform and earn long-term gains."

Of course, none of the investments is safe, but some of Hunter's transactions have raised eyebrows, including a company named Magnum Gas & Power, once Golden Tiger Mining and now Raven Energy.

The company has prospecting licenses in Botswana and an investment in a California catchment area and has brought Hunter Capital to manage a stock market in July, followed by the issuance of new shares in August at the level of 0.125 cents per share .

Despite having worked on numerous projects in Africa for many years, including a proposal to build a solar power plant in Botswana in 2015, the company has achieved little results.

In August, Raven said he would sell his final assets in Botswana, two exploration licenses.

But in September last year, just a month after counseling about the new stock issue, Hunter Capital analyst J-François Bertincourt placed a price of 14 cents per company, more than seven times more than shares which they trade.

"A strong flow of news is expected over the next six months," he wrote.

"Due to the high probability of success of the Tulainyo structure, we have built a development scenario that involves the development of a gas field."

So far, there has been no development – instead, the project has hit legal obstacles from co-investors, and the company remains suspended from the Australian Securities Exchange after it has not paid its registration fees in August after it went into stopping in March.

And while executives raised hundreds of thousands of dollars, the company remained out of the stock market, last traded in March at just 0.2 cents per share, far ahead of Hunter Capital's estimate.

If it was only once, maybe it would not have raised curiosities. Things go wrong.

But Hunter Capital has advised half a dozen similar companies, including this year on Prospect Resources, which holds lithium exploration licenses on the outskirts of Harare and Bulawayo in Zimbabwe and the Democratic Republic of the Congo.

There, Hunter Capital raised money in January at 6 cents a share.

Three months later, after the stock price dropped to 5.2 cents a share, Bertincourt published research, suggesting it would rise to 14 cents.

"As the company offers its plan and strategy, the Prospectus should see a significant increase in value … resulting in a market capitalization of 304 million dollars," he wrote.

"Even if it is considered a country risk reduction (Zimbabwe vs. Australia), the steps to secure development funding, off-take and Arcadia construction should bring significant value to the Prospect."

Despite the exploration for its mining potential in the 1970s, there was no commercial exploitation yet, and the Prospect shares were traded at 2.6 cents.

The same pattern is repeated with Stellar Resources, exploring Tasmania's tin, for which Hunter Capital puts its shares in March at 3.5 cents per share, and a month later it set a double-price price target .

And this is the case with Ardea Resources, developing cobalt projects in Western Australia and other mines in New South Wales, whose stock price of 64c is about 60 percent lower than when Hunter Capital set a target costing $ 2.25 per share in mid-2019.

This is also the case for Lake Resources, whose fund Hunter Capital, in February, was entitled to a 6% tax on all collected money and share options issued as payment.

"The evaluation of the project, which could lead to an extraordinary increase in value," read Bertincourt's March notes, the only one ever issued in the company.

He suggested that the shares would reach 55 cents, one year nine months later, trading at 12 cents per share.

Silver says that Bertincourt managed all mining research and mining and "lives outside our office and publishes according to his own opinions."

Bertincourt is also a former veteran resource analyst at Canaccord Genuity. Contacted for comments.

Silver calls a series of successful private hires with companies such as Battery Mineral Resources, a Sydney-based Canadian cobalt explorer, to be shed by BMO Capital Markets Division of the Montreal Bank.

Hunter Capital has accumulated funds of 10 cents per share, 20 cents per share and 66 cents per share, and Silver said recent deals were at $ 1.40 per share and the company would probably hit the Toronto Stock Exchange to $ 1.50 per share.

Another successful nominee was Nextleaf Solutions, a Canadian cannabis oil producer, who plans to appear on the Canadian Securities Exchange's Alternative Monday this month (not yet).

Hunter Capital raised funds to 11 cents per share, 17 cents and 22 cents, but Silver said it "has a fully committed IPO at 35 cents."

"In a more recent transaction, we have earned $ 13 million for Strike Energy over the past two weeks, and it has been the backbone of the merger with UIL Energy to form a $ 150 million oil and gas company with key assets both in the Cooper basins and in the Perth basins, "Silver said.

"Our success is in the relationships we have developed. We have a solid base of investors that we continue to develop alongside.

"We are capable of obtaining interesting investment opportunities on behalf of our customers and working with companies that are industry leaders."

Perhaps the most notable of Hunter Capital's recent work was the L1 Long Short Fund, a successful float, which brought $ 1.3 billion behind the big gains in the first days of the costume.

Hunter Capital is a co-manager alongside Bell Potter, Equities in Macquarie, First NZ Capital and Shaw and Partners.

But since it came out in April, investment has worsened, down nearly four percent last month and more than 20 percent since the fund was founded. Share price dropped.

Silver sometimes returns the companies it is involved with, holding large stakes in many of them, including Stellar Resources, through LTL Capital.

There were some personal transactions of Silver, which in 2016 brought him to the attention of the US Financial Services Regulatory Authority, who claimed to have made $ 200,000 while working at Casimir Capital without disclosing his private activities violating the rules.

Without acknowledging or denying allegations, Silver agreed to a fine of $ 40,000.

However, past turbulence does not seem to slow Silver.

Hunter Capital has sponsored a large investment conference in Sydney last month and there is no shortage of interesting silver stocks that work at one time.

After growing Hunter Capital into a major force in small-capital investment working under corporate advisory mandates, strategic capital increases and sales, there is no doubt that there will be more words about Silver and its growth in the years to come.

Kylar is Sydney Morning Herald and CBD columnist. Recently covered federal policy, business policy and NSW for News Corp.

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