Ann: Tawana & Alliance to Merge and Capital Raising & SIA, page-240

Will not be concerned with daily SP movements. SP will re-rate on every Qtr depending on sales, FCF, cash balance. Balance sheet of merged entity should be transformed from 3Q onwards. Strategy to raise production capacity makes full sense to capture full impact of strong lithium price (hopefull for next 5 years). If our Lithium can hit 7%, the profitability margins and EBITDA may need to revise materially.

Lithium price is equally important and we need to watch this macro picture too.
As of now, both macro/micro picture (Baldhill) looks really positive. With Mark leading the charge and the rising M&A activities, Baldhill will attract strong interest post merger.

AIMO.