Question....I own some ASCU mostly because of the CEO and upcoming catalysts. I like domestic copper plays and have considered AMC until this "spinoff" news which seems like a nothing burger to me. Can anyone explain how spinning off junk and creating an entity that will do nothing creates shareholder value in AMC? I don't see it. I don't see what gave the shares a pop this week and I would like the copper company and KAY deposit without some throw away stake in two obscure entities. So I may wait until the spinoff is complete
Anyone make a case for buying it now rather than waiting? Thanks!