SCHEDULE 13G/A: Helikon Investments and Federico Riggio Disclose 11.23% Stake in Collective Mining Ltd.
Beneficial Ownership Report
Helikon Investments Limited and Federico Riggio have jointly reported a beneficial ownership of 11.23% in Collective Mining Ltd., holding 8,710,894 common shares.
Summary
- Helikon Investments Limited and Federico Riggio have filed an Amendment No. 1 to Schedule 13G, disclosing their beneficial ownership in Collective Mining Ltd.
- As of January 31, 2025, the reporting persons collectively beneficially own 8,710,894 common shares of Collective Mining Ltd.
- This represents 11.23% of the company's common shares outstanding.
- The percentage is calculated based on 77,602,208 common shares outstanding as of November 13, 2024, as reported by Collective Mining Ltd. in its Form 6-K filing.
- Helikon Investments Limited, a United Kingdom public limited company, manages the Helikon Long Short Equity Fund Master ICAV, which directly holds the shares.
- Federico Riggio is also a reporting person with shared voting and dispositive power over these shares.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 6
Explanation: The filing indicates a significant beneficial ownership stake by an institutional investor and an individual, which can be viewed as a positive signal of confidence in the company. However, it is a routine disclosure and does not contain specific financial performance or strategic updates that would significantly alter sentiment beyond this ownership confirmation.
Positives
- Helikon Investments Limited and Federico Riggio collectively hold a substantial 11.23% beneficial ownership in Collective Mining Ltd., indicating significant investor confidence from an institutional and individual perspective.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The disclosure of a significant stake by Helikon Investments Limited and Federico Riggio may be perceived as a vote of confidence, potentially influencing investor sentiment positively.
Key Dates
| Date | Description |
|---|---|
| 2024-11-13 | Date as of which Collective Mining Ltd. reported 77,602,208 common shares outstanding in its Form 6-K filing. |
| 2025-01-31 | Date of event which requires filing of this statement, indicating the reporting period end date for beneficial ownership. |
| 2025-02-07 | Date the Schedule 13G Amendment No. 1 was signed by Helikon Investments Limited and Federico Riggio. |
Keywords
Collective Mining Ltd., Helikon Investments Limited, Federico Riggio, Schedule 13G, Beneficial Ownership, SEC Filing, Common Shares, Investment Adviser, Institutional Investor, Mining Company
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