Very interesting. The $217 m merger is actually more like $150 m given AVL is overvalued. And if the prices keep dropping, the merged entity might be more like 100 m or 125 m.
RCF has already invested a fair chunk between TMT and AVL. Can't see why RCF might not try the same here
I am scared to buy more. Don't want to top and wait for years only for RCF to pull the rug under our feet.
DYOR
TMT Price at posting:
26.0¢ Sentiment: None Disclosure: Held
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