TMT technology metals australia limited

Exactly Gollada.This takeover raises so many questions, but...

  1. 1,793 Posts.
    lightbulb Created with Sketch. 568
    Exactly Gollada.

    This takeover raises so many questions, but provides no clarity at all to even hint at the possible answers.

    It's an absolute shambles, and tbh I am amazed that RCF have thought that this was 'the way forward'.

    The only possible positive for RCF might be that shareholder displeasure tips out the TMT board and gives them more control without passing the 20% threshold.

    That's too Machavellian even for me to seriously contemplate!




    RCF cannot expect this to be voted through.


    It's what comes next that interests me.Is it:

    1) Increased share exchange with clarity of company goals for AVL

    2) Cash offer for shares of TMT holders who want out

    3) Proxy contact to Top 20 shareholders of TMT to purchase shares at 'special rates', tip the 20% takeover limit (with the agreed purchase of Top 20 shares in the bag) - screw over retail, gain full control of TMT and run AVL SP into the floor, buy AVL shares up to 20% prior to merger / takeover, and offer a pittance to AVL retail holders to complete their full control of both entities.

    With RCF history, I'd expect it to be option 3.

    At this stage, I'm just looking to protect my initial investment.

    That starts with voting NO for this ridiculous takeover offer, and hoping the next offer, if there is one, is something I can stomach.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.