Lion Selection Group Ltd. · ASX:LSX
Lion Selection — Shareholder Meeting (December 2023)
18 slides from Lion Selection's shareholder meeting presentation, Dec 6, 2023
Slide 1: Annual General Meeting
For personal use only Annual General Meeting 6 December 2023 www.lionselection.com.au
Slide 2: Disclaimer
This presentation does not constitute investment advice. Neither this presentation nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. This presentation does not take into account any
Slide 3: $69.9M cash to invest into a falling market
For personal use only $69.9M cash to invest Into a falling market ASX:LSX lionselection.com.au 3
Slide 4: Equity Market
Equity Market The bigger the company, the better off it has been ASX100 Resources For personal use only -5% Charts: 2016 - Present ASX Small Resources -29% Micro Resources -60% 19 April 2022 ASX:LSX lionselection.com.au 4
Slide 5: Resources IPOs Liquidity
Resources IPOs Proportion of IPOs Liquidity (number per year) which are Resources Tumbled Perfect indication of how willingly Highest proportions align the market will buy new (unknown) with cyclical peaks For personal use only stories in risky explorers ASX:LSX lionselection.com.au 5
Slide 6: Reversion to the Commodity
Reversion to the Commodity [LONG term] Equities track commodities, and trend trumps fundamentals For personal use only Copper BHP 1971 – Present 1971 – Present ASX:LSX lionselection.com.au 6
Slide 7: Sentiment trumping trend
Sentiment trumping trend Gold vs Golds & Lithium vs Lithiums For personal use only Gold Lithium ASX:LSX 2018 - Present lionselection.com.au 7
Slide 8: Emergence of a new Commodity
Emergence of a new Commodity Market Weightings (proportion of ASX100 Mining Co’s) 8% 9% For personal use only ASX100 Miners 14% Relative weightings 2022 • Golds 2018 • Lithiums • The Rest Capitalisation Capitalisation 31 December 2018 31 December 2022 $201B $460B ASX:LSX lionselection.com.au 8
Slide 9: Hot Commodities in their Days
Hot Commodities in their Days Iron Ore VS Lithium Iron Ore Lithium 2000 – Present 2017 – Present For personal use only 14.9x 14.8x 11 Years 2 Years ASX:LSX lionselection.com.au 9
Slide 10: Lion Clock
Lion Clock • Equities: For personal use only Falling (smaller capitalisation, greater share price falls) • Commodities: Negative lead • Liquidity: Fallen • Exploration activity: Levelled Equity market hasn’t crashed… What happens next is up to the equity market lionselection.com.au 10 1 ASX:LSX 0
Slide 11: $69.9M cash to invest into a falling market
$69.9M cash to invest Into a falling market For personal use only Plutonic Pre-development stage Greatest value growth Great Boulder Alto Metals Sunshine Metals potential Saturn Metals ASX:LSX lionselection.com.au 11 1 1
Slide 12: Commodity Focus
Commodity Focus Precious, base and strategic materials For personal use only Erdene: Gold / Mongolia [TSX:ERD] Development Ready Plutonic Atlantic Tin: Tin / Morocco [unlisted] Saturn Metals: Gold [ASX:STN] Great Boulder Sunshine Metals PhosCo: Phosphate / Tunisia [ASX:PHO] Alto Metals Saturn Metals
Slide 13: Valuation: Sum of the parts
“The biggest risk for investors under these Valuation# Sum of the parts circumstances* is to be illiquid” For personal use only Cash $69.9M 49.5cps Legacy Investments $10.0M 12.3cps New Investments $7.3M Tax -$0.2M Total Value $87.0M 61.6cps Market Capitalisation $64.2M 45.5cps ASX:LSX * These circu
Slide 14: Board & Management
Board & Management Strong Foundation MANAGEMENT TEAM For personal use only BOARD Barry Sullivan Peter Maloney Chris Melloy Robin Widdup Craig Smyth Hedley Widdup Non-Executive Director Non-Executive Director Non-Executive Director Executive Chairman Executive Director Executive Director Barry is a m
Slide 15: Portfolio companies
For personal use only Plutonic Limited Alto Metals Saturn Metals Sunshine Metals Great Boulder ASX:LSX lionselection.com.au 15
Slide 16: 2024 Looking ahead: Building Lion's Portfolio
2024 Looking ahead Building Lion’s Portfolio For personal use only Market • Short term recovery improbable – Sticking with our knitting Tremendous uncertainty remains • Long term – healthy commodity fundamentals Target / focus • Micro capitalisation resources equities and projects • Highest growth s
Slide 17: Thank You
LSX Thank For personal use only You Subscribe for Lion Announcements http://www.lionselection.com.au Level 2/175 Flinders Lane Melbourne VIC 3000 T +61 3 9614 8008 E info@lsg.com.au
Slide 18: Lion Selection Group – Established 1997
Lion Selection Group – Established 1997 For personal use only Well Funded Strong cash position Proven Approach 25-years experience / strong deal flow / exceptional people networks Target Investments Pre-production mining: companies and projects Country & Commodity Australia / Precious Metals / Base
Lion Selection Group — Shareholder Meeting (December 2023) on 6ix