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Rambling thoughts on the future of the SPAC market from a warrant addict
$MTAL Metals Acquisition Corp. to Acquire the CSA Copper Mine from Glencore
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$MTAL might pop back above $12 again ✅
I'm starting to think something isn't right here. You can look at $MTAL and the like and see that their warrants climbed pretty slowly, but most metals/energy warrants didn't fall THIS low so close to merger.
If you look at how the $MTAL deal was cut, between special terms like royalties, streams, etc. back to the Seller, there are a lot more ways to capitalize a deal vs. a standard SPAC acquisition, which bodes well for them as a group.
What is up with MTAL will they ever close?
Loaded up on MTAL. Let's gooooooooooo
Two mistakes I did was sell GENI CC for todays expiry and sell STEM CCs early. Not a biggie. Downside protection on all except CANO rn. Lord help me. Also in ROSE and MTAL if I get fills
[Metals Acquisition Limited Closes Purchase of the CSA Copper Mine](https://www.businesswire.com/news/home/20230616751000/en/Metals-Acquisition-Limited-Closes-Purchase-of-the-CSA-Copper-Mine) \- MTAL MTAL.WS on June 16. 2023 Same ticker, deSPAC today.
Out of MTAL 9.53 to 10.35. Too long to merge. If warrants hold up I want in around 8 ish. RONI is just crazy 🤣. 13 million left but hoping it runs
STEM is a monster. 3.8 to 6 in 2.5 weeks? Played MTAL poorly. Had a 9.5 entry should have sold at 11+ these long merger date ones always dip as short term holders exit. Hurting on my GENI CCs and will surely have to let go my STEM over 2 weeks but still have 60% shares that I won't sell until 7.5
[Metals Acquisition Corp Shareholders Approve Proposed Business Combination to Acquire the CSA Mine and Proposed Merger With Metals Acquisition Limited](https://www.businesswire.com/news/home/20230605005839/en/Metals-Acquisition-Corp-Shareholders-Approve-Proposed-Business-Combination-to-Acquire-the-CSA-Mine-and-Proposed-Merger-With-Metals-Acquisition-Limited) \- MTAL MTAL.WS Expected on June 16, 2023 ( Same Ticker )
Sold my $MTAL commons for a cool 13% gain. Best NAV floor dip in the past month of basically ZERO NAV floor dips.I'm guessing now it'll rocket to $20. :)
really? maybe i have a filter on or something.. i'm trying to see the recent f-4 for MTAL
One of dumb indicators if a SPAC will run is warrants price. If it's above 50c the target is decent and can possibly run. In case of MTAL the warrants are above $1. As always my risk tolerance means I am putting less than .5% of my portfolio is this with 9.53 CB. MTAL please 🥺 go Metal 🪙🪙🪙🪙
Finally a good NAV floor drop. Thanks $MTAL!
> I'm not sure but the raw materials for batteries will go up with supply not being able to keep up with demand. All I hear there is buy REMX or Lithium manufacturers. Maybe some of the Metals SPACs (MTAL WTMA) > The man has ton on his plate and other car manufacturers are catching up the question lies I'm whether his innovating of the car will make tesla car offering standout Having the others eventually catch up is normal for innovation leaders. But watchout for the Big 3 making claims about lesser tech at level 2. Ford recently dropped Argo to focus on driver assist. Plus their use of the tech is limited to high end vehicles, so sales numbers should only be compared to specific models. Also missing in your comment is Tesla robotics. That tech combined with learning AI could be huge, or it could end up being another "Smart" toy like the Sony Aibo, just taller. My take is that Tesla AI could end up being a tech platform company spinoff. Raw materials is a big issue. The ideal situation is a leap in battery or portable electric generation tech that would give the entire EV market to the company with the most production capacity and fielded vehicles. I think a lot of the movement toward EVs was predicated on the idea that battery tech improvements could be forced by investment.
Same… DAs like MTAL, ENPC, and LGTO are giving me some hope though. Even though market hasn’t cared about LGTO I think it’s sleeping on it. People are too scared of a post DA RBAC like situation is going to keep warrants under pressure
Need some DAs. A DA like MTAL would be great on BMAC. If you get the right lucky ones there is potential for a lot of money made.
Hoping for more winners. 2022 has been bleak. MTAL seems solid, hopefully more to come
Anyone like MTAL at NAV? It seems there is some potential to break out based on yesterday's movement
MTAL warrants still goin up. Over $1 now
Two SPACs of interest MTAL and ACTD. ACTD comp LFG is above 20. Seems ACTD is burning through arbs and has no options. Warrants are pricey for post DA. MTAL warrants are at 70 cents but if they don't drop over next week I may open a position. Any bear thesis or dislike for above deals?? I am exiting PPGH for ACTD and some MTAL or maybe warrants.. when does the floor drop on PPGH
Interesting MTAL related play in CSTA (Constellation Acquisition Corp). **$310 MM Trust and IPO'd 1-26-21** The Leadership is **Klaus Kleinfeld** who is the former **CEO** of **Arconic** (Arconic Corporation is an American industrial company specializing in lightweight metals engineering and manufacturing. Arconic's products are used worldwide in aerospace, automotive, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. And former **CEO** of **ALCOA** Alcoa Corporation (an acronym for Aluminum Company of America) is an American industrial corporation. It is the world's sixth-largest producer of aluminum. Alcoa conducts operations in 10 countries. Alcoa is a major producer of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining, smelting, fabricating, and recycling.)
Finally up on a warrant! From my $.6 avg on MTAL… now take it and run or hope for $1. Wish I added more when I said it was a good buy 2 days ago
MTAL seems intriguing. Warrants with a good pop
We got one decent one! Not sure if you have it though. MTAL buying copper mine from glencore
ANZU still has until 3-1-2023 and has the FPA/backstop they raised late last year. At $.22 with a year left thats really not too bad. Other things I added today are GHIXw at $.55 as Gores will get deals and that has until January 2024. UTAA at $0.29 - the UTA spac has plenty of connections and is out until September 2023, more DCRD have until February 2023. MTAL has until July of 2023 looking in the metals space and experienced team in that area. Really need to raise my funds but the spacs with closer deadlines I have a hard time selling them for $.1-$.15, so really just need a DA... IGAC, looking at you. Sure they are risky, but there is decent time on most of those.
Finally got some fills on GSQB warrants. People don’t want to give those up. Now need a MTAL holder to give some up.