Ann: Merger Presentation, page-282

I am not trying to ‘convert’ you Gollada.
… More hoping for a beneficiation process.

And of course responding to the holes in Hedg earlier post, particularly:
.. And I quote:
2) But, oh deary me, RCF has already committed significant capital to a worthless lost cause called AVL

But it’s all been explained now.
Apparently the reason the global resource fund made the foolish and very recent commitment to a worthless lost cause (instead of reading the Hot Copper posts of those who claim to know the true value of AVL)

…. Was due to the hypnotic powers of AVL’s Vince Algar!


That man apparently mesmerised the Federal Government too - right out of a $49 million grant!

(Maybe he did it to Ian Prentice as well ?)​

I’m glad I understand your rationales although once you’ve witch hunted AVL, RCF and even the (now ‘dastardly’ ) TMT management off the precious TMT ore body, I don’t know who you think you’re going to get to develop it.

cheers

PS BTW If you deduct that $49 m grant from AVL side of the $217m merger agreement does that improve the numbers a bit?