10-20-2022, 09:35 PM
(This post was last modified: 10-20-2022, 09:36 PM by LongNautilus.)
Thanks for the posts gentlemen! There are a lot of people looking at this board besides us so maybe we're not the last true believers out there...
Add in the 160 million shares of nusmf that were bought after the CCAA started and now DSMF's 4.6% ownership in TMC, I think it's very likely that there's been a long-term plan in place to merge the (now debt free) Nautilus shell into TMC and swap shares.
TMC would get two much needed corporate backers in Metallo & MB, the 100 million dollar mining machines, the magically disappearing completed vessel, Solwara 1, the patents, the quantified tenements, dozens of prospective sites, etc. Yes TMC shares get diluted, but that was going to happen anyway because they were always going to need to raise alot more cash to reach production.
Mettallo & MB would still maintain a large ownership percentage, keep their "first mover advantage" in the industry of the future, finally produce roi on a failed 500 million+ (probably more) venture, and most importantly emerge as a publicly traded company without going thru a traditional ipo (especially important for a Russian and Omani firm). Also what kind of mining company has the name Deep Sea Mining Finance???
As far as timelines TMC can technically begin mining in Naru July 2023 because of the 2 year rule. Currently they only have around 46 million dollars which is nothing in mining - they need cash asap. If any of this is true I think something would have to happen between now and then.
Obviously I'm making a lot of assumptions here but let's enjoy this crazy ride and maybe the little guys get to win this time!
Add in the 160 million shares of nusmf that were bought after the CCAA started and now DSMF's 4.6% ownership in TMC, I think it's very likely that there's been a long-term plan in place to merge the (now debt free) Nautilus shell into TMC and swap shares.
TMC would get two much needed corporate backers in Metallo & MB, the 100 million dollar mining machines, the magically disappearing completed vessel, Solwara 1, the patents, the quantified tenements, dozens of prospective sites, etc. Yes TMC shares get diluted, but that was going to happen anyway because they were always going to need to raise alot more cash to reach production.
Mettallo & MB would still maintain a large ownership percentage, keep their "first mover advantage" in the industry of the future, finally produce roi on a failed 500 million+ (probably more) venture, and most importantly emerge as a publicly traded company without going thru a traditional ipo (especially important for a Russian and Omani firm). Also what kind of mining company has the name Deep Sea Mining Finance???
As far as timelines TMC can technically begin mining in Naru July 2023 because of the 2 year rule. Currently they only have around 46 million dollars which is nothing in mining - they need cash asap. If any of this is true I think something would have to happen between now and then.
Obviously I'm making a lot of assumptions here but let's enjoy this crazy ride and maybe the little guys get to win this time!