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24/11/23
19:48
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Originally posted by schmunzel75:
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Any thoughts and comments regarding points 3-6 (capex for project development)? AKE stated that we are fully funded to develop all three projects. Livent obviously isn't. They need US$ 1.3Bil with only US$ 100 Mil cash currently. Given the legal cost of the merger, benefits & bonuses paid to our management tosupport the take over and corporate restructuring expenses going into the US$100 Mil, do you think the ex-Goldman merchant banker CEO of Arcadium (NewCo) will not sell some of our AKE projects to fund Livent's project Capex? And in current environment, it is going to be a fire sale. F#@$ the Reverse Takeover!3. AKE is fully funded to develop its projects (SDV stage 1 US$ 271 Mil, James Bay US$ 285Mil, Cauchari US$ 450 Mil). 4. Livent is not fully funded and requires Capex of US$ 447 Mil and US$ 821 Mil for Whabouchi and Becancour development, respectively. 5. What are the chances that the merged company (NewCo) will develop all projects? ZERO!!!! 6. Which project(s) will be canned or sold off?
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Livent wants our money which is why they are for it and willing to say to AKE board come over here and we'll give you good wages. Corporate scumbags at play. They'll sell off our assets and do a cash grab. All this reminds me of years ago when Bond destroyed Bell Group.