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even if it EPA is approved for TMT, the merged entity might...

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Gollada

1,962 Posts.

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29/09/23

12:48

Post #: 70096308
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Originally posted by Hawk70: ↑

One thing I'm having a problem working out (amongst quite a few tbh - a lot of moving parts going on atm) - is the EPA.

If the takeover was being discussed for sometime, what on earth was the point of inviting the chair and members of the EPA onsite a couple of months back?

If the submission incorporated the takeover (and that's very unlikely I know, not least of all keeping the planned takeover quiet) - then I can see the reason maybe...maybe.

If the submission was exclusively for TMT, then the EPA chair would most certainly be thinking - well, what was the point of my visit, as the submission itself was always going to become null and void due to the takeover.

And that won't endear AVL / TMT going forward I'd have thought?

It makes no sense.

The more thought you put into this, then less sense it makes regarding the timing and execution of the whole thing.

It's like we can only see a small part of the picture, and until many more FACTS come to light,we are all flailing in the dark as to what to do next.

Maybe that's the point?

We need absolute clarity regarding the contents of the current ERD / EPA app - I was hoping it would be up for public comment by now (and strange that it isn't based on comments made to people at Sydney) so we could read for ourselves to see wether it was solely for TMT on it's own or pre-empting the takeover and incorporating both sites (again very very unlikely).

If it passes - well TMT are much better positioned to chase a FID. And we know exactly where we stand if we reject this takeover.

If it fails - then we surely need total disclosure on wether the proposed takeover means we have to start from scratch again - and indeed exactly WHAT we will be applying for in terms of infrastructure etc.

It honestly feels like RCF / TMT board would like the waters to remain as muddy as possible to prevent a cohesive 'resistance' to this deal being formed.

If we don't actually know what we are going to be voting on, it's hard to oppose it?

All we know currently is that we are being offered 12:1 shares to be part of a project that has no defined plans, timescale or endgame.

This whole thing is utterly shambolic, and until clear concise plans for the new company are revealed I cannot see how anyone would want to vote yes.

I'm sorry if this seems like a bit of a ramble, but I'm gobsmacked the creation of a potentially multi-billion dollar enterprise is being approached in such an amateurish way.

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even if it EPA is approved for TMT, the merged entity might still have to apply for additional of environmental approval.

The approval for the mining of TMT site might stay. However what about AVL side of the mine and the plant to produce using ores from both AVL/TMT site. Where will the plant be located? If they chose to increase their output, will they need a bigger plant, more area/water etc

TMT Price at posting: 26.5¢ Sentiment: None Disclosure: Held
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even if it EPA is approved for TMT, the merged entity might...

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