Hawk it seems to me there is a lot of fear around the share price as it is today .
But -as you just quoted - it’s’ already different from just a few days ago when the terms of the merger were set
Today AVL is priced at 2.9c
And TMT at 28c.
The ratio is constantly changing and the higher AVL goes the better the deal is for the TMT holders who retain their shares .
For me that’s relevant
Arguing that the ore currently held by TMT is richer therefore we deserve a better price is a moot point given anybody who wants to will still be getting value from that ore body down the track and also given the vagaries of the stock market which is able to turn prices on its head and back again in the space of just a day !
Those who think AVL is bringing nothing to the table because it’s vanadium grades are apparently lower (so why is it getting the lions’s share of
the MTPT ?) have shuttered vision I believe as - even in studying it just a little - it seems way further down the track in value adding technologies and networking - plus it’s also got an ore body and the eminently useful name which already (as I think @Shawzus noted - has seen prices of 10c+ a share
A dozen converted shares at TMT if the AVL price hits say 10.5c gives an implied value of $1.26 per TMT share and, frankly, I see 10.5c a lot closer over there than $1.26 here !
— That’s based on its public profile, it’s new board, the new CEO, the electrolyte operation, the pilot plant to be installed for WA government with a potential state-wide roll out and the likelihood of getting better funding sooner based on all the above .
And that’s just off the top of my head.
As far as joining the group goes my experience of such is not good.
The only time I ever did accept an invitation for behind the scenes group chat was actually at one of Ian Prentice’s previous companies that had been translated as a shell into a the kind of business that - after he left - had devolved into a business that was just interested in mining share holder money, not ore .
I didn’t like it.
If you can’t be up front on the forum then why ?
Those who think they can hold up proceedings and create more friction and cost so as to gain - are doing it to gain what?
More AVL shares?
a buy out offer from RCF because they think they have it over a barrel ?
A guarantee that Ian Prentice will never ever leave
the AVL board?
A guarantee some other beloved board member will be offered a place at AVL ?
what?
You say there are now several behind the scenes groups ?
Are you all united with a common goal or is even that an arena for more bickering ?
When/if there IS a common goal and when you have a clear idea that such a goal might be in reach then post the information and rationales here !
Till then I’m happy to stick with my current take on the merger and its pricing and my hopes for what comes next .
cheers
Hawk it seems to me there is a lot of fear around the share...
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