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The Offering
Company Overview
Aeramentum Resources Limited (ASX: AEN) is an Australian Public Company incorporated on 03 June 2021 to acquire, explore, and develop its initial investment being the ‘Treasure’ (Black Pine) Project, in the Republic of Cyprus, European Union. The Company’s first acquisition was the Treasure Project in Cyprus through the purchase of PR Ploutonic Resources Ltd.
Corporate Structure of the company
Source: IPO Prospectus
Key Highlights
Source: IPO Prospectus
Financial Highlights (expressed in AU$)
Source: IPO Prospectus
Key Management Highlights
Source: IPO Prospectus
Risks Associated (High)
Investment in the IPO of "AEN" is exposed to a variety of risks such as:
Conclusion
The Company is currently in the primary stage of mining and has acquired a portfolio of exploration and development assets in central Cyprus that are prospective for gold and base metals such as copper, nickel, and cobalt. Furthermore, the Company is well positioned to leverage on Europe's expanding interest in copper, nickel, and cobalt mining due to anticipated demand from electric vehicles and renewable energy/storage. Additionally, the firm has a limited history of operations, and has not yet recognized any revenue; moreover, it has declared net losses due to higher operational expenditures incurred in operational activities.
Therefore, based on the above rationales, we have assigned the IPO of Aeramentum Resources Limited, with a “Neutral” rating. This IPO is only suitable for investors with a high-risk appetite given the associated risks and the current market scenario [basis further evaluation].
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*Please note that an IPO can be postponed or put on Hold at the discretion of the company or regulatory authority.