Ann: Merger Presentation, page-169

“A cuckoo landed in Ian's lovely nest, and is killing off all the chickets, to steal all the food.”

And done by “sleazebags”??

As I recall Ian was chasing after Chinese money before RCF came on board.
The director, Jacqueline Murray, who RCF installed, saw the company through to being the more valuable entity it is today



If the nest is “lovely” it is through the help of RCF money and Jacqui Murray expertise!
And Ian has NO record of wanting to stay around in lovely nests as per his linkedin profile.

And to add some thoughts to those thinking RCF has set this up so as to be an executioner - wouldn’t it have made more sense for it to have acquired AVL into the smaller TMT then increased its’ holding, then delisted?

Or not bothered with AVL at all?
Opinion on the TMT Hot Copper forums seems to be very loud that AVL is a worthless project.
So why did RCF bother with it?

Or if it is so worthless why not wait until it fell into the same dire position as Ausenco in 2016 ($60M owed to debt sharks and an $86m loss) https://www.australianmining.com.au/resource-capital-fund-to-acquire-ausenco/ and pick it up cheap as its other fund - Number 6 - did with Ausenco?

What is being suggested here by some of you people does not make sense.
But neither do the prices …. Or maybe that’s the point?


EDIT
PS @Zeppeli were you a large (top 20 or near?) holder please?