Hi sci9249, In my opinion, the market doesn't think the combined...

Hi sci9249,
In my opinion, the market doesn't think the combined entity can get the two mines up and running. There is no confidence in CAS at the moment via the market due to it's track record over the past few years. If the new entity can meaningfully show it's on a path to developing the two mines, you will probably see a re-rating, otherwise I believe the SP will continue to languish.
I'm also concerned (as the market is) about the amount of dilution we could see once the new possible UK cornerstone investors come onboard. Too many unknowns at the moment - for most, and most will wait and see what the new entity will look like. I'm not buying, once bitten twice shy! The scoping study for Juruena is now 22 months late.

Sentiment - Hold.

Hi skinsy11, umm, probably click on the thread starting on 15/06 and read the comments there.