Considering all current information, the simple answer is no one wants to rush the merger. Millions of dollars have already been spent. I believe from Steve's point of view, there is more to gain than loss from time. Steve doesn't care about EUR, his interest is on SZZL and Critical Metals, the subsidiary company that will merge with SZZL. So he doesn't care about the impact such delay may cause, short term or otherwise, to EUR... and most likely see the benefits (I've already outlined) outweigh cost of delay (cost is not just financials).
Who knows when the merger will happen other than before a SZZL vote needs to happen before 8th August 2024. We would know more it's close to happening either by official announcement but since that's not forthcoming from EUR, once prospectus is out one specific to the vote for merger... and such a prospectus would need more time to physical mail etc per SEC requirements. It's a bit haphazard the way it's being carried out, so the lack of experience is quite telling on EUR's part but so long as all is well that ends the same outcome personally I'm not so fussed. As much as I can say I could do a better job, I'm not willing or able so I'm not in any place to criticise. Merely observe and say Que sera sera. There's many ways to skin a cat.
EUR is a patience game. Spodumene still trumps brine so not one the likes of VUL can reasonably compete with in terms of price and prized LiOH specifically sought for EVs. So I think it still worth the wait... but might be waiting a tad more longer than expected, much like how we wait for the end of wars.
