TMT Shareholders Retail Holding, page-25

With RCF's "help and assistance", TMT have gone absolutely nowhere in two years since RCF first bought in. TMT have commenced a series of integration studies but completed none, they've signed several MOU's (LE systems, Tata) that have gone nowhere, there are no binding offtakes, there's no EPA approval, and no capex finance. The SP has dropped from 37c to 25c. The last update of an NPV that was published, was lower than the NPV in the 2019 DFS. What happened to all the great benefits that shareholders were supposed to be seeing by having RCF on board ?
RCF have essentially done bugger all here, and shareholders are now advised to enter a shotgun marriage with lady AVL.

All IMHO, DYOR