Gollada you seem to have the idea that if there is no
merger then funding will magically appear to the value of more than half a billion dollars and TMT can rush into mining ?
What about the value of the ore at current prices .
Vanadium - still more than 90% bought up by the steelmakes I think - is facing a glut and prices are low!
- why the fixation on not waiting ?
The previous example on where patience can be useful is in Lithium.
AJM was obliged to develop and mine when prices were low and it ended up a slave to offtakers and dodgy finance companies accumulating something like $300m in debt (??? in just a few years at ridiculous interest rates - printing shares over and over to service the debt and priced at 4c a share and lower from initial highs if over 30c
Other miners simply turned off their projects and are now reaping the rewards !!
TMT Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
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