Gollada you seem to have the idea that if there is no merger...

Gollada you seem to have the idea that if there is no
merger then funding will magically appear to the value of more than half a billion dollars and TMT can rush into mining ?

What about the value of the ore at current prices .
Vanadium - still more than 90% bought up by the steelmakes I think - is facing a glut and prices are low!

- why the fixation on not waiting ?

The previous example on where patience can be useful is in Lithium.
AJM was obliged to develop and mine when prices were low and it ended up a slave to offtakers and dodgy finance companies accumulating something like $300m in debt (??? in just a few years at ridiculous interest rates - printing shares over and over to service the debt and priced at 4c a share and lower from initial highs if over 30c
Other miners simply turned off their projects and are now reaping the rewards !!