I don't know that the acquisition will be good for CMMC shareholders. I would never hold such conviction about any stock. In fact, since the deal was announced, CMMC's share price has suffered more than AOH's. I liked CMMC primarily because they were nice and stable with straightforward expectations trading at a heavy discount compared to the rate they mill copper and my expectations of where copper prices were heading. CMMC management made it quite a bit harder for me to take a guess on the fair value of the company with their ambitions (justifying all those professionals on salary, but actually add significant value for all the risks??), but the sales pitch was decent and seeing the passion on this board made the story intriguing. I probably would have preferred the simple company where the main variable was the copper price.
But, here we are and I am curious to see how the Australians are going to feel about this project getting built. The fortunes of the company are going to depend largely on that sentiment. A lot of optimism will help to encourage favorable financing, which will be key to investor confidence and a bright future.
I am not here to gloat. I have explained myself even though Manocyber and others and I should not have to justify our presence when we offer sensible ideas about POSSIBILITIES. Your conviction is the source of most of your ignorance. I'll let you try to explain why my views are irrelevant (rather than addressing my views), but then after that lets leave it alone. I would like to listen to some other's ideas rather than hear about why I should leave.
C6C Price at posting:
$1.25 Sentiment: Hold Disclosure: Held