Ann: TMC The Metals Company Inc Investment Update, page-12

I agree with all the above sentiments regarding visibility, planning and advice to CDM investors.etc. It would seem that any reasonable price obtained by CDM for the TMC, at any reasonable price above $1.38 Aust, would be a win, with perhaps investor expectations hopeful but a little unrealistic. Like any speculative mining venture, the SP is likely to be volatile. I have my doubts re it’s success, but think of the poor US investors that bought in at $12US ?
Poor disclosure ? Perhaps… perhaps it’s a case of telling CDM investors too much of their plans before they have bedded them down and have firm plans in place. The Melb IT skeleton just keeps sticking it’s head out as well. Once seen, it’s difficult to ignore.
The rest of the portfolio seems to be going well and for existing SH, it may just be a case of fastening your seat belt and holding on for the ride.