"Most TMT shareholders didn't bail out like you did an year...

"Most TMT shareholders didn't bail out like you did an year back. We are still holding TMT and some of us are in Red. For us it doesn't make sense to merge with AVL and push out the timeline by another 2 yrs."

If you are in red now is only because merger deniers have been dumping the stock, if not for AVL holders taking the opportunity to top up with cheap shares via the merger and RCF helping to support prices around the May placement you'd be down to low 20s by now. And if you think that you are in red now imagine what will happen if somehow you did managed to block the merger and AVL holders started dumping their TMT shares. Or if TMT management released the reasons for wanting the merger which IMO has to do with not being able to get finance unless they take a loan from Indian steelmakers in exchange for off-take agreement for most if not the entire production at discounted prices.

And I believe that "pushing out the timeline by 2 years" is a furphy, the main benefit of this merger is removing duplication costs and speeding up the timeline with TMT being more advanced with the ore processing plant and AVL with their electrolyte plant and battery testing. But if we are going to spread furphys that's fine, lets look at who will stand to benefit if the merger fails and the motivation and passion behind some HC posts made against the merger, that would be VRFB competitors and Indian steelmakers that signed MOUs who now stand to lose access to cheap feedstock when electrolyte and batteries are going to be manufactured in WA.