It's been dead money for quite awhile and the Montana facility faced some issues over the last Q. But I think the story is very clear now - C-corp conversion should be done in the next 2 months which should expand liquidity. The CEO purchased a slug of OTM calls at $20 strike that expires Jan 2025 so the incentive is to really push for value creation within the next 6 months. DOE loan still in process but if they nail that, that should help with MAXSAF expansion. Happy to field more qns offline :)
very good write up. Great research. Thanks!
Thanks, will be nice to provide an update to CLMT after one year :)
It's been dead money for quite awhile and the Montana facility faced some issues over the last Q. But I think the story is very clear now - C-corp conversion should be done in the next 2 months which should expand liquidity. The CEO purchased a slug of OTM calls at $20 strike that expires Jan 2025 so the incentive is to really push for value creation within the next 6 months. DOE loan still in process but if they nail that, that should help with MAXSAF expansion. Happy to field more qns offline :)