The caveat to their discussions with NFC is driven by disclosure rules and the ASX. They have to protect the poor little retail investor who isn't educated enough to realise that simply having a discussion with a potential off-take partner is absolutely no guarantee of any outcome whatsoever.
I too am heavily in the red but believe in the story and management has made very few missteps in my opinion. I struggle with our valuation vs our nearest peer and still believe that TMT is undervalued.
Finance is no doubt the elephant in the room. Even assuming BOAs are executed. ~$400m capital will not be easy to raise in the current market and I suspect some financiers will look back at their experience on Atlantic...
TMT Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
