Ann: TMT Investor Presentation December 2023 - Scheme Webinar, page-88

12:1 isn't happening.

I don't know if all those new arrivals from the other company can't do some research - but it would take a hour tops to find that the amount of undeclared possible NO voters could easily tip this over 25% on a typical SOA turnout of shareholders.

AVL know this.

Doom and gloom merchants would say the worst case scenario is for the revised offer to be a stupid one - 13:1 and we accept and feel cheated.

Or we again stump up 25% and block.

Shame that isn't covered in the 2 strikes rule eh?

That leaves 3 options:

RCF remain in both

RCF pull out of both

RCF choose one, and pull out of the other.



I'd suggest hypothetically that someone should ask the money men which company they would jump on and take forward if that was their preferred choice.

I'd suggest if that happened the progonsis for the one left behind would be SP destruction, no capital left in 3-4 months and unable to CR at any price.

Be pretty easy for an entity to take the carcass off the ASX and be bought by the surviving supported remaining company.


Hypothetically, that sounds great for one company, terrible for the other.

I wonder, in that scenario, which one RCF would choose?


Hypothetically speaking of course - just to be totally clear.

IHMO DYOR 2c