CDM - Cadence Capital

[Tommy Shelby]

Didn't quite go to plan - share price down to $1.22. I'm not a massive fan of the proposed method of divestment as I imagine there will be a fair bit of cost incurred for spinning it out and creating a new listed company as a proxy holder of shares in TMC

 

[Tommy Shelby]

Bumpy few days for newly listed TMC

But a strong boost to NTA now sitting at $1.45/Share

 

[Tommy Shelby]

Update - TMC getting slaughtered

wonder if it has to do with this or just bad timing for an IPO? http://pacific.scoop.co.nz/2021/09/investors-take-flight-from-the-metals-company/

 

[divs4ever]

looks like they will not have to demerge the holding after all

 

[Tommy Shelby]

Yep - quite the 360 on the story of releasing value.

 

[divs4ever]

but the way of recently floated companies some go for the sky , and others descend to micro-caps