TMT (ASX) TMT now has a very large target on its back

Originally posted by Zenzen: ↑

I never look at the AVL boards, but the RCF investment there means something is up, and that is something we all need to keep an eye on. That guy you reference is a laugh though, his holier than thou, keeper of the AVL faith posturing is an absolute cringe.

One of the interesting aspects of this whole scenario however, is that both sets of investors seem sure that theirinvestment is the right nag and that the other project is flawed and full of holes.That's patently obvious on both boards. RCF currently have a much bigger stake in TMT than they do in AVL, but that may change. There are holders here that also hold AVL and I know they have shared their thoughts on the 2 companies sporadically, but it would be interesting to hear their thoughts on a comparison of the 2 and what they really think is going on.

@simondj TMT has a very low free float, it doesn't need large volume to run. When the interest does arrive with the watershed announcements and increased volume with it, that low free float will be a force all it's own. Its simple supply and demand.

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I'm wondering if the recent RCF investment in AVL might encourage some general discussion that probably needs to be had between all V developers in WA, to share SRL processing facilities, to overcome the huge capex costs involved. In the AVL's preso from 3 days ago, this is specifically suggested. The discussion starts at 13.50, the relevant slide is shown between 14.05 - 14.44. It shows their SRL facility having a "stage 2" - processing region concentrates, one of which is concentrate supplied by TMT. However, that's an awful lot of concentrate to be trucking across 400-500kms, and the economics would have be shown to work beyond any doubt, otherwise it wouldn't get debt financing. Maybe a single facility would work better at the TMT/AVL mine site, which is also right next door to NMT, and only ~100kms from the other three. But perhaps a more important question fundamentally is whether its even possible to build and run a single SRL plant to process the different feedstocks ?

All IMHO, DYOR