The whole deal favours SDL they get a large premium.
And after merging with GBG it's more likely they'd get funding.
In 4-5 years they might be making $1bil a year but how are they going to get $3bil for the project? issue shares? their market cap is already $1.5bil. So after major dilution they arent looking too good.
GBG on the other hand already has a small project started and funding for Karara. With lodestone waiting as well our market is china.
A market cap of 800mil already diluted
Who can SDL send their ore to? Europe? India?
GBG holders are getting shafted
The whole deal favours SDL they get a large premium.And after...
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