@sabine if they came out tomorrow and said the remaining 40m grant was in the bank account or guarenteed I'd prob think your point is valid but I don know the remaining conditions to the grant or if they will ever be met. take out the recent money from RCF and it was 43/57. at the very least should of always been 50/50.
im dissapointed Ian thought this offer was worth accepting for TMT holders. I would of backed him to at least convince RCF we are worth 50 percent without even trying. I think deep down he knows this but doesn't want to upset he's future employer and he's got a very strong top 20 that will be the bad guy for him if push comes to shove at the end of the day it will be upto them.
the merge ratio has no bearing on whether the new AVL will go mining or not, it only effects the value between AVL and TMT holders so I don't buy the "it weakens the register" argument.
