Ann: Merger Presentation, page-416

Actually, yes, I really DO need to know the rationale behind the takeover. I get the "one mine one orebody" argument, and it makes perfect sense - but the timing doesn't.
It actually reeks of "lets do a massive tree-shake pre-approvals to see who we can scare out"
???
The rationale is simple : TMT is likely close to broke and unable to progress on its own!

And Hawk I am disappointed in, and do not understand your comment ‘the timing makes no sense unless it relates to a scare campaign pre EPA approvals to shake out holders.’

The timing makes perfect sense if you consider finalisation of the independent review - so imperative to financiers [ref @teddie post to you of May] has been practically coincident with the merger news!
As far as the timing ‘reeking’ of someone trying to scare retailers into selling.
The price here closed at 26c




And volume -since the deal was announced - has been pathetic.
Even more relevant is the fact RCF is NOT the kind of entity that tries to play the market to scoop up cheap shares.
please look up ‘capital funds’ if you missed my earlier post and did not already know this.

—Why would RCF waste time trawling the ASX with other bargain hunters trying to pick up a comparatively paltry few more shares?

This opinion is the one that ‘reeks’ I think - of either naivety or the desire to keep some fear-based alliance nourished.


——
And this ? More fear nurturing?
It's after the takeover I am concerned with - 16:1 or 12:1 or 20:1 - it makes no odds if RCF intend to simply drive the AVL SP down,chomp away on the cheap shares, and turn AVL into a 'holding venture' that is waiting to be flipped for profit to a bigger player in the green energy space.

Why has RCF been drawn as a bogeyman yet again?
It’s NOT a hedge fund, its not a ‘flip for chips’ day trader, and it has a strong interest in achieving prices that are higher than the equivalent of around 33c here(?) and probably around 3c (or whatever its breakeven point is now) over at AVL.

Also are you genuinely implying you credit the AVL board and management with no ability to turn the AVL price UP?
In an environment where spot prices may be low but interest in green energy - especially to do with batteries - is rising?
…. Even after more big investors come on board?
…and when more of that $49m grant gets delivered?

You will remember Regal has already said it intends to invest SIGNIFICANTLY more after a merger of the two companies.

“Regal’s analyst, Henry Renshaw, believes vanadium redox flow batteries will play a significant role in energy storage over the next decade. ​

A 2 megawatt, 8-megawatt hour VRFB is being built near Port Augusta, South Australia, at the Yadlamalka Energy Project, and Stephanie Unwin, CEO of Horizon Power, said last week the regional WA power utility was also looking at VRFBs.​

“The [Murchison Technology Metals Project] is shaping up to be one of the best undeveloped vanadium projects globally,” Mr Renshaw said. ​

“We ... consider this to be quite a unique situation where two companies, Technology Metals and Australian Vanadium, each own half of the same orebody. ​

We can see value to be created for the shareholders on both sides through logical consolidation and expect Regal would play a material role in construction funding once there is more clarity on the development pathway.” [ref AFR 27/06/23]​

If you maintain you truly believe the price at AVL will be driven down I think you are being plain silly, devious, or
perhaps you are just not the market-savvy, company-wise investor I had initially assumed you to be.

cheers