LewisB with all respect and based on company figures in the...

LewisB with all respect and based on company figures in the March 2023 quarterly, I disagree with you that TMT
“never had less than around ~12 months cash”.

I also think it would have been appropriate to say which financier came to its rescue.

And while I do not disagree that it is able to conserve cash, I think it might have been appropriate to remind everyone just whose cash it has been getting by on since 2021 rather than taking opportunity to pick up the outdated refrain of slanging off at AVL

According to the March report it was within less than a fortnight of needing to explain if it was able to continue its operations on 31/03/23.




Thanks once again to RCF funding almost two months lateron 24/05/23

- a delay which I presume resulted from the fact I everyone wanted a show of money from some other quarter, and perhaps also had something to do with the independent review​

….RCF funded enough for the company to now be in a respectable position.

You will remember Regal and Tribeca came on board at the same time, with both these companies announcing on the AFR ‘bush telegraph’ that they were supporting a merger.

I think it’s time to stop making out RCF is some kind of villain.
It chose this ground to support in 2021 and it has been supporting the project here solidly ever since - and I believe it is protecting its investment in this project even now in backing it into AVL at a price that has been manicured - on the AVL side to best protect both its’ and our investment in THIS project.