10 Special Situations (ASX Small Caps)

<p>We went hunting for value disconnects with a clock ticking and came up with 10 special situations in ASX small cap resources.</p><p><br></p><p>Some are textbook merger arbs, some are cash boxes the market refuses to count, and a few are special situation adjacent at best. </p><p><br></p><p>Along the way there’s a gold vault carried at cost for 20 years, a bidder who already owns 20%, and a Chinese parent trying to take the board instead of paying for the company.</p><p><br></p><p>None of them are layups, so we dig into the downside as well as trying to quantify the upside.</p><p>……………  <strong> </strong></p><p><br></p><p><strong>TIMESTAMPS  </strong></p><p>(00:00) Intro</p><p>(01:40) Situation #1</p><p>(06:30) Situation #2</p><p>(12:00) Situation #3</p><p>(17:30) Situation #4</p><p>(24:40) Situation #5</p><p>(29:40) Situation #6</p><p>(35:40) Situation #7</p><p>(41:50) Situation #8</p><p>(47:30) Situation #9</p><p>……………  </p><p>  </p><p>Join 19k+ subscribers to the <a href="https://www.moneyofmine.com/subscribe" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Director’s Special⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a>:one daily email with all the news that matters in mining  </p><p>……………  </p><p><strong>  </strong></p><p><strong>PARTNERS  </strong></p><p>Thank you to the mining services businesses that make this content possible:  </p><p>• <a href="https://www.rocktechnology.sandvik/en/products/ground-support/" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠<strong>Sandvik Ground Support</strong>⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a> – The only ground supportyou’ll ever need</p><p>• <a href="https://www.titanrecruitment.com.au/contact" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠<strong>Titan Recruitment</strong>⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a> – Specialists in engineering and technology recruitment</p><p>• <a href="https://marketech.com.au/focus?utm_source=partnerships&utm_campaign=mom" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠<strong>Focus by Marketech</strong>⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a> – All your mining news and market needs in one powerful platform | <a href="https://marketech.com.au/focus?utm_source=partnerships&utm_campaign=mom" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠10-day free trial⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a></p><p>• <a href="https://www.intralinks.com/" target="_blank" rel="ugc noopener noreferrer">⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠<strong>SS&amp;C Intralinks</strong>⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠</a> – Powering deals with unmatched security and efficiency</p><p>• <a href="https://www.exceedcapital.com.au/sp-property