LOL I bet that was a motto sign on Vince's wall "If you have money, you spend money" and in smaller print, "and if you need more money, call us" Sign compliments of 180 Markets..
I personally don't think all of the corporate costs are justified and all the 'experts' are required. At least not on the current salaries. I can't see Graham signing himself a pay decrease, so that means cutting staff.
I don't expect it all to be cut to the bone, and I think who was retained from TMT is the bare minimum we would like carried over, but instead of picturing the endless wellspring of money, particularly the grant money, I hope they do a good once over post merger and use it as an excuse to see what is truly necessary and lean out at least a bit. We're still a few years from any sort of income. Maybe a year or more away from seeking out the beginning of construction capex, so let's try to get through that with zero cap raises at least... I can't see how this is not possible, but I can imagine a world where they eat up every cent like a full fledged producer and ene up needing more dilution.
As Dane raised in the first post, TMT were in the same game as AVL but doing it several times cheaper. Battery business and electrolyte plant don't make up the difference. So I believe they can and should manage this thing and cut costs at the same time.
AVL Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
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