AVL news, page-94

I was a sell before I discovered the details included in this application - enough to hold for a bit longer.

I actually put my 'sell' order in yesterday FWIW and withdrew it last night.

This seems to be a coherent plan, with talks advanced regarding permits, gas, haulage etc etc

Reading the application in full (which i recommend to everyone) I'm pretty sure that this is the plan going forward.

No EPA application needed, just the SDAU application - then financing. I'm sure the $40 million is unlocked with this as well.

It's pretty much laid out, and whilst it does seem very wasteful to have spent money on 2 plans in the past, it is now clear that this is the AVL+ way forward, and TMT was acquired purely for the ability to mine **inintha as soon as EPA approvals were granted and financing for the mine was found.

Reading the application - it really does sound like financing talks for Tenindewa have been going on for a while, whilst this merger played out.

I'll eat humble pie here.

I thought TMT were the only show in town, but clearly I was wrong, and it does seem that once the merger was agreed on by RCF and AVL that the AVL board cracked on pretty quickly with the SDAU application finalisation.

The merger took place Feb 2nd (for all intents) and they got this application in by the 14th Feb

Fair play.

And if this sails through after April 14th, then I'll be even more impressed tbh.

I was a huge critic of AVL / TMT / The Merger - but if this efficiency is a result of it, then I'll hold my hands up, apologise, say I was wrong and cop my fair whack.