Sound Point Meridian Capital, Inc.(SPMC)

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SPMC: Outperformance And Income Growth Catalysts For This 13.7% Yielding CEF
Seeking Alpha· 2025-03-05 09:47
Group 1 - The article provides an update on the CLO Equity CEF Sound Point Meridian Capital (NYSE: SPMC) following the release of its Q4 numbers [1] - It discusses the broader sector related to CLO Equity CEFs, indicating a focus on market trends and performance [1] - The article encourages exploration of Systematic Income and their Income Portfolios, which are designed with yield and risk management in mind [1] Group 2 - The article mentions the availability of Investor Guides for CEFs, Preferreds, and PIMCO CEFs, suggesting resources for investors [2] - It promotes a no-risk trial for potential investors, highlighting a 2-week free trial offer [2]
South Pacific Metals Announces Commencement of 2025 Gold-Copper Exploration Programs Following Successful Financing
Newsfile· 2025-02-18 22:35
Core Viewpoint - South Pacific Metals Corp. has successfully closed a C$6.3 million financing, enabling the company to advance extensive exploration programs across its four gold-copper projects in Papua New Guinea [1][3]. Exploration Activities - Upcoming exploration activities at the May River, Osena, Anga, and Kili Teke Projects will include systematic sampling, trenching, and drilling to define and expand the mineral potential of each property [2]. - The exploration programs aim to build on existing geological data, confirm high-priority targets, and advance the projects toward potential resource delineation [2]. Financial Backing and Strategy - The company is poised to move forward with its exploration strategy, having secured full financial backing, which allows for aggressive advancement of its projects [3]. - Surface exploration programs will continue to identify additional targets, while drilling will focus on high-potential areas confirmed in the previous year [3]. Investor Relations - The company has engaged Danayi Capital Corp. to provide investor relations and digital marketing services, subject to acceptance by the TSX Venture Exchange [4]. - The services will include digital media, marketing strategies, and advertising for a fee of US$50,000 for one trial month, with the option to extend the agreement [5]. Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company operating in Papua New Guinea's proven gold and copper production corridors, with a 3,100 km² land package [6]. - The company’s projects are strategically located near major producers, with Anga and Osena Projects flanking K92's operations, and Kili Teke situated near the Porgera Gold Mine [7].
Sound Point Meridian Capital, Inc.(SPMC) - 2025 Q3 - Earnings Call Transcript
2025-02-12 20:03
Sound Point Meridian Capital Inc (NYSE:SPMC) Q3 2025 Earnings Conference Call February 12, 2025 10:00 AM ET Company Participants Peter Sceusa - Investor Relations Ujjaval Desai - Chief Executive Officer Kevin Gerlitz - Chief Financial Officer Conference Call Participants Randy Binner - B. Riley Erik Zwick - Lucid Capital Markets Operator Good morning, ladies and gentlemen, and welcome to the Sound Point Meridian Capital, Inc. Third Fiscal Quarter Ended December 31, 2024 Earnings Conference Call. At this tim ...
Sound Point Meridian Capital, Inc.(SPMC) - 2024 Q3 - Earnings Call Presentation
2025-02-12 15:30
The information presented herein including, but not limited to, Sound Point's and SPMC's organizational structure, investment experience/views, returns or performance, investment strategies, market opportunity, risk analysis and management, representative investments, benchmarks, investment process, portfolio construction, as well as expectations and targets may involve our subjective views, include assumptions and estimates as well as facts and information from third party sources believed to be accurate a ...
South Pacific Metals Announces Closing of Upsized C$6.3 Million Financing and Welcomes Jonathan Rubenstein to Its Board of Directors
Newsfile· 2025-02-04 12:30
South Pacific Metals Announces Closing of Upsized C$6.3 Million Financing and Welcomes Jonathan Rubenstein to Its Board of DirectorsCompany Retains Agentis Capital Mining Partners for Advisory ServicesFebruary 04, 2025 7:30 AM EST | Source: South Pacific Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - February 4, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (FSE: 6J00) ("SPMC" or the "Company") is pleased to announce that is has closed its previously announced non-brokered privat ...
South Pacific Metals Upsizes its Previously Announced $4 Million Non-Brokered Private Placement Offering to $6.3 Million in Response to Investor Interest
Newsfile· 2025-01-20 20:05
Core Viewpoint - South Pacific Metals Corp. has increased its non-brokered private placement offering from $4 million to $6.3 million due to heightened investor interest [1]. Group 1: Offering Details - The offering will consist of up to 13,125,000 units priced at C$0.48 per unit, aiming for gross proceeds of up to C$6,300,000 [1]. - Each unit includes one common share and one-half of a share purchase warrant, with each whole warrant exercisable at $0.90 for 24 months [2]. - The offering is expected to close on or about January 29, 2025, pending necessary regulatory approvals [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration work on the company's properties in Papua New Guinea, as well as for general administrative and working capital purposes [3]. Group 3: Company Overview - South Pacific Metals Corp. is an emerging gold-copper exploration company with a land package of 3,100 km² in Papua New Guinea, focusing on four key projects: Anga, Osena, Kili Teke, and May River [5]. - The Anga and Osena projects are located in the Kainantu Gold District, with potential for high-grade mineralization similar to that of K92 Mining [6]. - Kili Teke is an advanced exploration project with an existing inferred mineral resource, while May River is adjacent to the Frieda River copper-gold project, indicating significant untapped potential [6].
South Pacific Metals Announces Change of Auditor and Change in Year-End
Newsfile· 2024-12-20 13:00
Vancouver, British Columbia--(Newsfile Corp. - December 20, 2024) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or the "Company") announces that it has changed its auditor from Smythe LLP (the "Former Auditor") to Davidson & Company LLP (the "Successor Auditor") effective December 10, 2024.In accordance with National Instrument 51-102 Continuous Disclosure Obligations ("NI 51-102"), the Company has filed a Notice of Change of Auditor with respect to the resignation of the For ...
SPMC: New CLO Equity CEF Raises Monthly Dividend Again, Now Yields 13%
Seeking Alpha· 2024-12-12 17:02
Core Viewpoint - The article discusses the appeal of closed-end funds (CEFs) that invest in collateralized loan obligations (CLOs), particularly CLO Equity, for income-oriented investors seeking high yield income to support their retirement lifestyle [1]. Group 1: Investment Strategy - The focus is on income-oriented investment strategies, particularly in high-yield assets such as dividend-paying stocks, business development companies (BDCs), real estate investment trusts (REITs), CEFs, and exchange-traded funds (ETFs) [1]. - The author emphasizes the importance of conducting thorough research and making informed long-term investment decisions, especially after experiencing market downturns like the Great Recession [1]. Group 2: Market Insights - The article highlights the author's interest in market psychology and trends in technology and finance, indicating a holistic approach to understanding investment opportunities [1]. - It notes that past performance is not indicative of future results, suggesting a cautious approach to investment decisions [2].
South Pacific Metals Appoints Alex Davidson to Its Board of Directors and Announces Private Placement Offering
Newsfile· 2024-12-11 13:00
South Pacific Metals Appoints Alex Davidson to Its Board of Directors and Announces Private Placement OfferingDecember 11, 2024 8:00 AM EST | Source: South Pacific Metals Corp.Vancouver, British Columbia--(Newsfile Corp. - December 11, 2024) - South Pacific Metals Corp. (TSXV: SPMC) (FSE: 6J00) ("SPMC" or the "Company") is pleased to announce the appointment of Alexander Davidson to the Company's Board of Directors. With over 40 years of experience designing, executing, and managing gold and b ...
South Pacific Metals Taps K92 Exploration Veteran to Lead Anga and Osena Project Drilling in PNG's Kainantu Gold District
Newsfile· 2024-11-13 13:00
Core Insights - South Pacific Metals Corp. has appointed Dean Williamson as Exploration Manager to lead drilling programs at the Anga and Osena Projects in Papua New Guinea's Kainantu Gold District, leveraging his extensive experience from K92 Mining [2][3][4]. Project Developments - The Irinke Prospect has defined a 2 km-wide mineralized NE trending corridor at the SW Anga Project, with geological similarities to K92's Arakompa Discovery, located less than 3 km away [2][5]. - Drill planning for the Anga and Osena Projects is nearing completion, with additional exploration programs set to commence, including a new anomaly discovery at Binano, located less than 1,500 meters from K92 Mining's Plant Site [2][5][6]. - The Anga and Osena Projects are strategically positioned within a shared 45 km mineralized corridor, enhancing the potential for near-term discoveries and development [2][5]. Exploration Results - Recent surface sampling at the Irinke Prospect returned notable gold assays, including 3.28 g/t Au and 1,292 ppm Cu, indicating high-priority targets for future drilling [8][10]. - The total anomalous Au-Cu footprint at Anga is approximately 4 by 3 km, suggesting a potentially large subsurface mineralized system [8][10]. - New anomalies at Binano have been identified, with a soil sampling grid revealing a coincident gold and pathfinder anomaly over 700 x 300 meters [12][10]. Future Plans - The company plans to conduct further surface exploration work at Anga, including detailed soil grid sampling in the Irinke area and assessing locations for drill placement [14][10]. - A preliminary ridge and spur and stream sampling program is being designed to explore other targets at Anga that have not yet been ground-truthed [14][10]. Company Overview - South Pacific Metals Corp. operates in the Kainantu Gold District, with a focus on gold-copper exploration and a land package of 3,100 km², adjacent to major producers like K92 Mining [23][24].