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clock Created with Sketch. 02/10/23
20:16
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Originally posted by h0rc0:
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Instead of holding onto a loser with no chance of mining anything other then shareholders pockets or at best providing feedstock to Indian steelmakers provided you could have found investors willing to put up the funds you now have the opportunity to join AVL and participate in downstream processing and battery making. There is no conspiracy and the fact is TMT was going nowhere, on its own it was a dud investment and the management was aware of it which is why they jumped at the chance when AVL made the offer. AVL could buy their feedstock from third parties to use at the electrolyte facility when it starts operating later this year or early next year and continue to do so until their own processing plant is completed but chose to offer a helping hand to their neighbor which will benefit both companies, TMT gets to participate into downstream processing and AVL brings forwards its timeframe.
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h0rc0 wins the idiot post of the year award
