RE: A good time to buy?25 May 2022 17:19
True but then look at ARCM - AA could have just offered for the Company but they are spending $75m - DOIDs price of $50m is cheap. By the time they get to production, their initial investment in ARS equity will probably be worth the $50m paid. Also they do not have unlimited funds and will be getting $75m FCF a year from this. They are getting a good deal. Also depends what other parties are looking at ARS if there is any competitive tension (who knows)