RE:RE:Welp, that sucked I don't think they NEED to sell but they might especially if upside potential exists IE warrants (ownership control, retained responsibility, etc). I like the portfolio but given the cost overrun, dilution could be a bit(h. AOI would be the cash generator and Eco would gain scale, they collectively own a big chunk of a block in SA so it could make sense.
Do I think Eco is a going concern? Nope
Do I still believe in Eco's potential? Yup
Would a merger of Eco and AOI make sense?
Yup, if done correctly