Our No.2 holder

My guess is that DELPHI/ Deutsche Balaton is seeking a Board seat having participated in earlier placements and their track record with other ASX developers in which they are either the #1 or #2 shareholder.

Their nominee for ASX companies is Mr Hansjoerg Plaggemars. They appear to be involved in some serious metal developments that go far beyond a “vanilla” type project, e.g. Altech and TNG, showing they are attracted to risk (and reward).

Readers should also note the German credit export guarantee schemes being tapped, into in terms of their size, to be assured there are multiple options when it comes to financing BSX downstream JV plant.

Here’s some note for you

About DELPHI Unternehmensberatung AG (“DELPHI”)

DELPHI is a private investment company located in Heidelberg, Germany, whose primary business objective is to invest its own funds in a portfolio of companies. DELPHI, has been active in other Australian resources investments. Wilhelm Zours is the major shareholder of DELPHI.

About Deutsche Balaton Aktiengesellschaft (“Deutsche Balaton”)

Deutsche Balaton is a German investment company located in Heidelberg. The shares of Deutsche Balaton are listed at the German Stock Exchange for more than 20 years. The company manages its own funds, which are around 250 million EUR of equity (IFRS) and around 500 million EUR of total assets under management. Deutsche Balaton has a very broad investment spectrum ranging from investments in stock listed companies as well as private equity and seed investments to real estate.

Deutsche Balaton has a very stable shareholder structure with one majority shareholder, Wilhelm Zours.

Since 2017 the group has expanded its investment focus to the Australian resource sector, particularly those in WA and holdings are worth nearly $100m.