Time to reconcile, page-10

Hi Gosouth (although I must admit I hate the vermin).

I refrained from testing your statements yesterday but I can't ignore this one.
What do you possibly mean the merger might not get up, the project might not be valued at $150m by a third party?

That is complete rubbish as I am sure you well know & I think you are being very naughty in asserting it.
The valuation & DD from Hengda's side has been done & they are 100% committed to go ahead with this deal.

The $150m valuation hurdle was the independent valuation of China Hengda to demonstrate to Lamboo's shareholders, future backers & financiers that China Hengda was real & had the mines, customers, sales & plant to justify the price that Lamboo was paying.

That committment to merge was again confirmed yesterday.

The deal will go ahead.

The combined company will have a value of around $250m ($186m Hengda & $64m Lamboo) even at today's very low price. At 300m shares that's a valuation per share of around 0.85c.
And the combined company will be a going concern, producing product & earning income!


The merger will happen.
The end game of a fully vertically integrated Graphite company to service the expected future demand for it's products is still very much on track.

And the company expansion on both sides of this merger needs to get underway to service that demand.
The Lamboo side needs to build the mines & start delivering it's resource while the Hengda side needs to pay off it's debt & expand it's plant.
The clock is ticking as 2nd half 2015 early 2016 is when this EV battery market starts to really kick in.

The positives for BOTH parties are strong & the market will come to realise the value of the merged entity once the future PE's are analysed & understood.