Ann: Merger Presentation, page-394

Hi waterman …
I’m sorry you took a loss and hope that, if you retain the half unsold, that your profits will compensate.

RCF 7 got together with Australian Super to help Pilbara Minerals buy the debt-stricken Altura out of administration, and I’m sure that I’ve read other reports where it has called on Australian Super to effect changes … but I don’t think it necessarily targets buy outs by really big guys.

The most recent deal it seems to have been involved with (in Australia at least) is over at Genesis Minerals where Jacqui Murray (RCF partner ex of TMT) joined the board in July.[ref].
That company seems to have been a powerhouse of activity recently - buying Dacian gold this year and competing with another for control of St Barbara’s Leonara assets [ 02/06/23 AFR link ] .. It seems lots of funds were involved in the fracas there but it’s interesting Jacqui is now on the board as the the de-merger at St Barbara goes through.
To me it looks like any help from RCF was towards setting Genesis up for a bright future.

I really don’t understand why people seem to think this is the end of the road for TMT.
No matter which ASX code the MTMP project is trading under it is the same ground and TMT shareholders under a new AVL flag (and RCF’s continued ‘incubation’ ) will benefit from future gains there along with sharing the gains from multiple downstream processing connections and grants for which I feel AVL is better placed.
Plus big money tends to stick with RCF and follow it so I do think funding the mine development will be easier. (i think Graham Arvidson expects costs to go mining are $604m?)..
And more cash over there also puts AVL (us) in a better position to be selective about offtake deals.

But I agree with you about the wider environment looking bleak (although I hope Australia will not collapse into recession) so who knows what’s next?

cheers and good luck