When I bought into TMT I did so in the belief that in the course...

When I bought into TMT I did so in the belief that in the course of time it would be taken over by one of the majors
with bulging war chests like FMG or S32 or now even PLS. And my guess is that RCF had the same thought as they are investors not miners.

Now we are entering a recession and (in my opinion) RCF are pushing for a consolidation which will strengthen their position but not, to my mind, other shareholders. At the moment no bank is going to lend TMT the billion it will probably need to develop the deposit and that is probably three years away. In time I'm sure investors will more than double their money but they'll have to be very patient.

I've just sold half my holding at a considerable loss.