TSX:TLG - Post Discussion
Post by
Whateverrr on Apr 29, 2024 4:16pm
Agree
Agree, 51% controlling and building partner or for me a full take out based on higher SP and premium on top of that.
If Justin was on the ball he would consider a spin out of other stuff that might get zero value in a partnership or takeover. Comment by
Gutinstincts55on Apr 28, 2024 1:26pm 
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Post# 36011645
RE:RE:RE:Why can't they go alone?
From an email response from IR on April 24, all systems are a go for the DFS release in May.
Yes, partnering in a sense is a form of dilution. TLG is not going to come up with $1B on there own & if they could the resulting dilution to the company would make this much less appealing. The very best result is obviously a major that is will to buy this out at $1.5B+. At this stage of derisking the chances of this = zero. So the real best case outcome is that the DFS is viewed as outstanding by a major or two. We get one of them to buy 50% into the project with enough capital to pay for all or most of what
Troilus' 1/2 of the building cost will be. I think that's a reasonable expectation. It leaves our share count in the 300M range as we finish up permitting & head into construction. Hopefully our target dates stay as is, physical AU & CU continue to shine and we'll end up as some very happy investors.
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