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18/10/23
15:52
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Originally posted by dbd25:
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There's no point asking Ian anything about the future plans of any merged company because he won't be in charge of the decision making. In any case, Ian and TMT have been leading investors up the garden path with regards to the company's plans, at least over the past few months, and my best guess is that they were planning this merger at least 15 months ago. Remember the last update of the estimated capex was $604m, which was EXACTLY the same as the $604m in the AVL BFS. Funny coincidence that, as is they were trying to imply the two projects were going to cost the same to set up. The predicted annual EBITDA's and Opex's were suspiciously similar too. If there was ever a time to aim to take money off the table with this project, it ought to be now. Sit it out until either TMT (or the merged company) come up with a DFS and full financial plan that looks like they might actually work, and the new management deliver something tangible. Otherwise, I'd say there are too many unknowns here. All IMHO, DYOR
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The rubbish keeps coming with Mr eeny meeny miny mo calling a 15 month merger plan... lol....sold...lost money...move on