Well, this is fun.
Nothing like seeing the SP go down the toilet, and watching the one you didn't buy go up.
Yay.
This takeover suits RCF though - both companies SP in the toilet, plans in tatters, and pretty much everything planned in the future cloaked in darkness.
Only one way out of this, and that's for RCF (AVL) to take over 100% with a better offer to TMT holders via SOA, sack both boards, get some real professionals in to launch a solid, well researched business plan, and hope a big fish swims by and gets attracted by all the chum in the water.
Vanadium is a smart play in the right hands, but my goodness, what a farce this has become - someone will profit from this mess, but I doubt it will be retail.
As it stands, unless the Govt start throwing some serious grant money around, the market are completely uninterested in either Vanadium, or have no confidence in the mining companies that are in the Australian Vanadium space
I know where my vote is going.
I hope someone livestreams the AGM, as I think that could get a bit testy.
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