TMT now has a very large target on its back, page-62

I have formulated a new view just now….

RCF can’t takeover TMT as the top 20 is too tight and would be hard to perform a takeover…..They currently own 18% of TMT and would be happy with their investment.

Now here is the AVL part.

My view is that RCF see AVL as an easy target for a takeover. Why would that be?

- No major insto investors before RCF.
- High Cash Burn Annually with excess management

RCF will take a major position in AVL with no resistance and punt the management team.

- Vince Algar, Cliff Lawerson and Daniel Harris need to get punted. Between Todd Richardson and the new CEO AVL will do well.

They will then control to a point most of the vanadium supply out of Australia.

My opinion is AVL will get funded on the basis of the US having to pay the cost per unit of vanadium for AVL just to secure some supply. It won’t be a spot market profit based company. The US will just pay the costs of AVL processing for Import.

TMT vanadium supply will go to mostly Allied US countries Such as India / Japan and Korea.

RCF then have the dominate investment position of TMT getting funded and gets a valuation as we want they can then sell their stake in TMT to say the TATA group at the right time and then free carry their investment into AVL.

If I was RCF that’s what I would do.

The top 20 outside of RCF have bought more shares in the last 6 months and held so Ian has the support.

I think this event by RCF will bring interest into vanadium and create panic for parties to secure supply.

could be fireworks in vanadium companies soon