cm2

I think Alpha Met will earn 100% of its market cap in 2022, 2023 at these met coal spot prices, could pay out $50+ special dividend each year The warrants are incredibly cheap, I think already worth $21+ using Black Scholes and 1.15 Exchange ratio https://www.nasdaq.com/articles/dalian-met-coal-coke-hit-record-high-on-supply-crunch-2021-09-09

The guy that asked the question was John D'Urso from Kahuna Capital, he is a very smart, successful distressed and special situations investor. At one point I believe he was MD of Special Situations for Bob Robotti. I have personal knowledge of several situations that he has invested in where he has made 500%+ returns, including some secured real estate transactions. He's very gregarious as well, kind of like a Peter Cundill. If anyone has anything interesting to share with him I can put you in touch - just send me a PM.

I will be in Omaha May 1 - 5, interested in meeting with professional investors, groups. Would really like to meet Charlie Munger, DJCO meeting was on Valentines Day (my wedding anniversary) this year. Serious PMs appreciated.