Ann: Capital Raising, page-27

If you compare that to TMT from Diggers and Dealers Today.

ASX Code TMT Cash as at 30 June 2017 $2.9m
Market Cap (as at 4 August 2017) $9.1m Shares on issue 35.1m
Options ($0.25 – 31/12/19 expiry) 15m
Performance Shares B 10m
Enterprise Value $6.2m

They don't mention us (AVL) in Global Comparison which is odd as they are right with us on the land.

Global Comparatives; Largo Resources, Inc. (TSX:LGO market cap CN$267m) operating high grade Maracas Menchen Mine, Bahia State, Brazil and TNG Limited (ASX:TNG market cap A$129, EV ~A$122m) developing Mount Peake vanadium – titanium – iron project in NT.

And currently drilling.... + Indicated resource estimate & commencement of scoping / prefeasibility study (December Quarter)

We AVL do have to have our game face on pure focus on **by and hopefully these Cap Raisings can keep ahead of one of our main competitors or who knows maybe there will be some big synergy and JV in the future. I don't hold TMT I remain faithful to AVL and have done for years.