Ann: Investor Presentation September 2021, page-20

Good commentaries today.

Having jagged an unrealised bagger in Deep Green, CDM are now calmly paddling like buggery underwater to somehow extricate themselves from TMC so as to preserve CDMs now elevated mc.

Liquidity, liquidity you said... that's another fine mess etc.

Don't forget this little mid Pacific 4000+m deep sea floor bed nodule picking dream could (and can) just as easily have sunk, pun intended.

TMC is little more than a collection of aspirational concepts sitting at the extreme risk end of a high risk industry - and so far away from making money, if ever, it's not funny.

I think it's a Fugazi run by glossy BSA's that is, and will continue, losing value.