RCF put $15M into AVL because the government was concerned AVL didn't have the funds to support AVL's 50% contribution towards Modern Manufacturing Industry Fund grant, and the government would reasonably have withdrawn the co-funding for the project on account of AVL being unable to meet their commitments. So that was basically a top-up to get "free" money from the government.
TMT Price at posting:
25.0¢ Sentiment: Sell Disclosure: Held
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