It was another quiet M&A Monday, with the uranium tie-up between Deep Yellow and Vimy Resources the only public M&A deal worth more than $100 million on the ASX.
The biggest equity raising was a paltry $70 million at Carnarvon Energy.
It’s a sign of the times – and a far cry from the volume of record activity late last year.
Apollo has been buying Camp Australia senior debt, to add to its $30 million-odd mezz debt position, ahead of an expected debt-for-equity type restructure.
At a $250 million target size and a $400 million hard cap, RPIF II would be at least twice the size of its predecessor RPIF I for which Roc raised $122 million three years ago.
Hedge fund Odey Asset Management is calling for IGO and Wyloo Metals to dissolve their downstream nickel joint venture, saying it implies a 67 per cent higher offer price for Wyloo Metals in IGO’s bid for Western Areas relative to other shareholders.