Remember when RCF invested $13.5m in TMT in 2021 ? The rhetoric...

Remember when RCF invested $13.5m in TMT in 2021 ? The rhetoric was much the same as reported last week at AVL.

https://thewest.com.au/business/public-companies/rcf-tips-135-mil-into-technology-metals-for-vanadium-play-c-4056421
Fri, 24 September 2021 1:02PM

"...Funds raised from the placement will be applied to the integration of Yarrabubba into an updated DFS for **anintha, with a final investment decision for the proposed venture anticipated next year. With backing from a specialist investment fund and a wallet full of cash, Technology Metals Australia appears well on track to becoming the next serious player in the rapidly expanding vanadium business."

"...Management says the new strategic initiative was also influenced by rising prices of vanadium pentoxide that have surged from about US$5 per pound early last year to more than US$9 recently."

FID in 2022 ? - Never happened. They didn't even release a full updated DFS. And here we are today in late 2023 with no mine, and about to be swallowed by AVL.

All IMHO, DYOR