Thanks dbd … I wonder where Elisha will go - either in the merged entity or on to other companies?
The AVL CFO - Tom Plant - was only appointed on May 17 in what looks more and more like an AVL board/company refreshment since Graham Arvidson was appointed CEO less than a year back on 17/10/22.
First Primero and GRG engineering were booked on an early contractor basis for the crushing, milling and beneficiation plant
[ref] on December 6, 2022.
And this year along with other developments
25/01/23 : A 9 month ‘collaboration agreement’ signed with Neometals which holds a nearby deposit
[ref].
14/02/23: Board of directors strenthened with non executive directors Miriam Stanborough and Peter Watson with executive director, Leslie Ingraham retiring
[ref]Then on 23/03/23 RCF announced it had taken a substantial holding of of 5.35% of the company - about 233.5 million shares for $8,050,039.24
By 22/04/23 it had upped its’ stake to around 277.5m shares - 6.37% ($1,623,701.35)
On 5/05/23 it was up to about 326.5m shares - 7.48% ($1,829,157.41)
- Clearly not messing around - total spend around $11 million on shares costing well over 2.7c each?
17/05/23 - New CFO Tom Plant appointed
01/06/23 - another non executive director - Anna Sudlow appointed to the board
[ref]Vince Algar departs on July 3 and the stage seems set for a new AVL to merge with TMT?
Here at TMT
Has anyone else noticed in recent months the broad references to the entire area as being Vanadium rich?
The strange announcement that RCF had taken a substantial holding next door.
Regal and Tribeca joining the last capital raise and agitating in the press for a merger?
I don’t know where the combined entity will go but it seems ‘old AVL’ leaders are mostly gone and new AVL has been tailored specifically for this merger and whatever it is that will come next.
But how many shares in the combined entity will RCF control?
And will it put a new director of its own onto the refurbished board after the merger?
And is there anyway
more shares can be given to TMT holders?
- with RCF paying 35c or more a share for its’s 18.2% place here (bar the last capital raise ) and paying well over 2.7c for its place at AVL it seems to be cutting off its’ nose to spite its’ face in supportimg this merger?
cheers
