I don't think the Lib government would have thought about it too deeply. Probably just saw "Australian" in the company name and went for it, because Vince was a "good bloke". You make a good point about corporate costs at AVL, they seem to have a lot of staff (and a large board) given that they are still a developer. You'd expect the staff numbers to get bloated even more if they actually started building anything. On top of that, the merger plan has most of the TMT management sitting in parallel jobs, with all the increased staff costs too. I can't see that lasting too long, people would be quickly let go. It looks to me that AVL/RCF want TMT's ore body, cash in the bank, place in the EPA queue (possibily), and removal of a clear competitor for further funding.
All IMHO, DYOR
TMT Price at posting:
21.0¢ Sentiment: Sell Disclosure: Not Held
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