Australia's largest stock trading and investment forum Australia's #1 stock forum

TMT

0.00%

26.0¢ technology metals australia limited

It will be easier for RCF to takeover 1 company that owns the...

First 137 Last

Share
Profile

Follow
MRichter

298 Posts.

125

27/09/23

10:59

Post #: 70048468
Share

Originally posted by sabine: ↑

Why is RCF supporting the offer?
Presumably in full knowledge of this upcoming proposal it’s spent about $11.5million dollars on AVL shares this year at an average of about 3.5c each according to my reckoning.
That’s not counted the 'few’ it just collected at 2.6c in yesterday’s raise.

It’s average cost here must be what?
Original investment about $20 million at 37c each?
It has supported TMT diligently since then and I have not worked it out but it’s average must be at least 33c a share.

Do you think it’s selling TMT out or sees profit in the merger from this point at these numbers
As far as accepting so little … if AVL shares get to 4c again and I have a dozen shared costing 2.7c each that gives me 1.3c increase on each share. ….. 15.6c
Add that to say a 30c at price at TMT and you have 45.6c.

Right now 4c a share at AVL seems closer to me than 45c here (last seen October 2022) - especially not knowing the results of the independent expert’s review.

But yes it would be great if the deal could be somehow sweetened.
Maybe we shareholders could get a special dividend to the value of that tax rebate before the merger takes place?

cheers

cheers

Expand

It will be easier for RCF to takeover 1 company that owns the whole area vs taking over two companies. So once AVL absorbs TMT it will give RCF a much easier route to owning all of it. Once they own all of it they can develop it and sell the whole thing for a decent profit.

RCF care about profit. Shareholders of a company or companies that they want are in the way. Why would they care if you make profit?

TMT Price at posting: 28.0¢ Sentiment: None Disclosure: Held
9 Upvote

3 Great analysis

Reply

Top Stories

PGD

Peregrine extends high-grade gold shoot, sniffs anomalism at WA's Tin Can

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

PXX

Polarx discovers thick sulphide mineralisation at Alaskan Cu project

IBG

Ironbark eyes lithium and niobium opportunities with 7 new Brazilian projects

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring