5 Bagger Thread. Fundamentals and Opinions, page-217

In reality Toho have got away with a steal here by derisking 40% of the OT supply from Abra. But if they connect the financial dots by completing their side of the 90M equity in Abra AND organise a cheapish loan to a JBIC insto, which will make payback faster than it already would be, then the end game for us mid term risk takers becomes all the sweeter sooner. AM seems to have a way of making stuff happen, as much as some appear to have him in their talk poppy department. One of the first principals in researching specs is to follow good management that r proactive in getting stuff done and from what I’ve seen to date AM doesn’t muck about. It’s obviously why they brought him in on Paladin and he still holds a soft spot for Ur and probably rightly so. But uve got to pick the right assets in the first place and I suppose he’s in one of the best countries to do just that.

Gr