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4.08% 25.5¢ american rare earths limited

It's scrip, not script. The US$400m equity value is pure fantasy...

  1. Bailey241
    1,162 Posts.
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    26/04/24
    14:22
    Post #: 73525659
    It's scrip, not script.

    The US$400m equity value is pure fantasy with an understanding of how these SPAC transactions work - redemption rate would be astronomical given the proposed premium at which point it just becomes an effective redomiciliation.

    I am amazed this is still up 20% on the back of this "deal".
    ARR Price at posting: 33.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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