Ann: Merger Presentation, page-293

This what I call fluff. A sales pitch for the gullibles.

let's go over their sales pitch point by point in the order listed below:

1. no won is happy with the premium being offered. On the contrary most TMT shareholders feed CHEATED.
2. Large company - I think they meant large because of AVLs billions of shares on issue. This only tells me consolidation is on the cards over the next 2 years. Please go and check what happened to MGT post Consolidation. Did a 50:1 consolidation claiming this was to align with investor expectations. The investors never showed up and the SP is dropping back to the pre-consolidation level.
3. Improved funding capability: mere speculation at this stage, even they don't know what to expect and therefore, the integration study and an updated DFS.
4. Retaining exposure to emerging V thematic: Didn't we have exposure to it as TMT holders? And we will only retain that exposure if RCF doesn't attempt a hostile takeover after the merger. I know this is speculation at the moment, so was the suggestion RCF would push for for merger when RCF fisrt invested in AVL. Is RCF willing to give in written they won't attempt to buy out the merged entity?