Ann: Merger Presentation, page-242

agree RCF won't put in another 15m if they are planning to bail out. However, the takeover of merged entity is still a possibility.

There is nothing to indicate that is what RCF intends to do? but there is nothing to indicate it won't do that.

its only a speculation at the moment. Just like merger was suggested when RCF first invest in AVL months ago.

Worth pondering:
If both AVL and TMT are struggling deliver their BFS, EPA and FID, not sure why RCF is orchestrating the merger and pouring more money into it.

DYOR