The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Of course we know what the TEO is and what it means, and more importantly what it doesn't guarantee. As with everything to do with AMC the more we move forward the more things are clarified and offer slightly more confirmed promise but, until it isn't it is all just that at the moment.
So, are we clear on the purpose of the additional shares?
In my mind, the ability to issue these new shares has no bearing on progression of the mine (as such), and they are a way of the company having suitable finances available to invest in to other income streams (company, royalty deals, etc)?
IF my reading is appropriate, then is the company acknowledging that there is no easy road to completion of the mine or possibility of any external stakeholder / company engaging in the (company) mine (TO / JV etc), until circumstances change, i.e. increase in Ni prices, demand from electrification significantly impacts demand for class 1?
I've not been involved in any company take overs etc but I am struggling to understand why the board need a ready made supply of a billion of shares to support that. Surely, if that were to occur the board could call an EGM really quite quickly and lay out the proposal, to which we will all probably say... Yes please. This cannot be to support progression towards a salve/JV etc, it must by way of a lifeline to support a company in intensive care?
I'm not (wasn't) negative on AMC, they are my biggest holding.
The recent 'downer' on battery technology is laughable. Hydrogen will have its place, as mentioned previously it is likely to be the go to technology/energy for larger modes of transport.
The one fact you cannot escape with hydrogen is the cost to roll it out across fuel the station network. The youtube presentation link posted a number of weeks ago (can't remember the details exactly now) was enlightening. The one critical thing I took away was that the cost of enabling suitable hydrogen capability at a fuel station was 20 to 30 times the cost of providing electric charging points. Yes, people will have to wait to charge if they have to charge whilst on the road, but I think people are forgetting about that oldish invention, a 'service station'. Current fuel stations will simply evolve to meet the new needs for people to sit, drink/eat and then go.
Henner...RE....
"RE: 2020Today 08:40
The DFS is slated for END of 2020. It will not be before and could be a little later."
It is the TEO that must be delivered by Dec 2020. A DFS would take more time after the TEO, albeit that some of the TEO will feed in to the DFS.