I honestly think if the MTMP obtains environmental approvals before the merger then AVL will ‘inherit’ the approvals.
If you keep trying to sip at the ‘glass half empty’ on half-baked fears however that’s your choice .
The price at AVL was 2.7c on the day the ratio for the merger was set ; https://www.afr. com/policy/energy-and-climate/vanadium-battery-turning-point-brings-217m-merger-20230925-p5e7bn
As you can see this was one reason the merger was valued at $217m.
As you can also see from the headline it was the marriage of a project with high quality ore to a company more advanced in downstream areas (with a better name) (with ground right next door) (with a global patent on a processing change that’s been under development since before 2019) was a significant factor in the rationale to join.
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