Ann: Merger Presentation, page-213

thank you for sharing the document.



Given neither TMT nor AVL has given us detailed insight into why or how this merger might benefit both companies, I am still not sure if this merger will help realize the value of MTMP. However, I agree this will help both companies to sit out and wait for a more conducive time in the next 1-3 yrs.

Given we are back to the drawing board with both TMT & AVL, my belief is it will provide us with ample opportunity to buy back at lower price during this waiting period. I find it hard to believe the SP of the merged entity won't drop in the next year to two while we are all waiting for the Integration study and DFS.

Happy to be wrong, but if I choose to top up then I will only do it close to or after the merger.

Not a financial advice.

DYOR