As someone else noted AVL also had ‘ the name ‘ and perhaps even...

As someone else noted AVL also had ‘ the name ‘
and perhaps even more importantly has steered into downstream areas and secured significant government funds to support its’ progress into downstream development areas which the government is definitely trying to build interest in.

As per this notice from the legal team who worked for TMT in arranging the merger:

The merger has been created against …”the backdrop of the Australian Critical Minerals Strategy aiming to support domestic vanadium production, enhance supply chain resilience, and foster innovation in downstream industries. “


https://www.dlapiper.com/en/news/20...ud217-million-merger-with-australian-vanadium

sub par resource or not I feel I the progress AVL has made there is a crucial component of the deal and something which will maximise profit for current TMT holders donw the track .

cheers