The number of shorts concerns me. I would hope the Board would also be looking at that and saying we need to come up with another option. I know debt in the last couple of months is more challenging in the corporate environment but not impossible. Doubt they would be able to get it all funded by debt. It's not lithium!
Fundamentally the DFS is very good. Federation is an stunning deposit still open at depth. The leak was very damaging to AMI and has taken all the steam out of the DFS. It just depends how the transaction is executed and when. Until then the share price will languish. It's up to Management to show IF they can pull this off.
All the best.
KKR
AMI Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
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