Ann: Additional TMT Shareholders Support Proposed Merger with AVL, page-19

I agree. The postponed EPA submission and the extended BFS timeline seem to be aligning seamlessly, like components of a puzzle.

Otherwise, there wouldn't be a plausible explanation for why TMT would consent to the merger at the current premium.

If the project wasn't feasible for TMT, it does raise questions about AVL's prospects and the viability of the integrated project.