RE:CIBC Equity Research"... the implied acquisition cost of $103M, including the $30M loan ..."
I guess the $135MM Wheaton payout is not part of the CIBC's analysis of 'implied acquisition cost'. They refer to it previously in the analysis. Is there some other way to show that on the books? Or should it be $238MM USF?
As I mentioned in a previous post, the bargaining with Wheaton, after they had been patient for many years (and been compensated accordingly), would be tougher if further negotiations were necessary. Probably the sale wouldn't have been agreed without the payout of the agreement. They did have AXU assets as collateral.
Interesting CIBC show cash-flow accretive in 2024. Last AXU estimate was 2023. Possibly CIBC was just being conservative.