Ann: Scheme Booklet registered with ASIC, page-86

First 86 Last

Share
Profile

Follow
sabine

20,778 Posts.

4526

06/12/23

10:33

Post #: 71296705
Share

Originally posted by dbd25 ↑

The main point of my post is that TMT has cash reserves which would carry it through to March 2027, at the current rate of cash burn. They are well funded to continue, should the merger be rejected. The cash belongs to TMT, full stop. In the merger, AVL would get TMT's mining assets on the cheap (@~25c/share), plus $15m in cash. No wonder AVL support the merger. I'm betting AVL, RCF and Regal have their eyes on that cash going forward. The fact that the cash is there means that TMT should be under much less pressure to merge at all. The fact that yesterday's ann mentions that these major shareholders won't necessarily support further cap raises by TMT, if the merger does not go ahead, says it all. I'd say so be it, TMT won't need to do a CR again for >3 years anyway. Vote NO to the merger.

All IMHO, DYOR

Expand

Dbd, RCF has squillions of cash and stuck $15m into AVL (at 2.6c a share) just ten weeks ago .
It supports the merger because it sees better potential for profit in a merged entity!

And unlike some significant naysayers here, it is coming from a normal retail price point!
Therefore - for me - it is fair to assume RCF interests are more closely aligned with mine than the interests/agendas of seed investors and non-holders.

Last edited by sabine: 06/12/23

TMT Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

PIQ

Proteomics notches up as company launches PromarkerD into the US

First 86 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: Scheme Booklet registered with ASIC, page-86

Top Stories

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Novo flags antimony and gold in the Pilbara – but does it need to step back?

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Proteomics notches up as company launches PromarkerD into the US

Featured News