RCF put $15M into AVL because the government was concerned AVL...

First 578 Last

Share
Profile

Follow
Blythefan

4,437 Posts.

1658

18/10/23

13:36

Post #: 70406054
Share

Originally posted by sabine: ↑

Yet AVL shorts have dropped by more than 2 million since the proposed merger was announced on September 25.
And if Regal and RCF have only become concerned in the last six months then why was TMT able to raise $11.5m on May 24 not quite five months back - largely due to these funds?
And why did RCF put another $15m into AVL on September 26 if it was so significantly concerned?

And dbd I know that I’ve been the one accused of not having my facts right (althoughsadly for the ‘debate’ there have been no rebuttals of any ‘facts’ I have evidenced via multiple references )
….but honestly do you really think RCF should be the one to offer cash to TMT shareholders in this merger situation?

How would it do that?
As I see it it has put its’ money (big money) where its’ mouth is in terms of supporting Australian vanadium, and this is in order to help keep the project secure.
But now you saying this is not enough and it should also offer to buy the shares of fellow investors?

Seriously?
Isn’t it already at a legal maximum number of shares without going into a potential takeover situation?
And if it wants to support its analysts - as you say - surely it should be trying to invest more capital direct into the project rather than buying shares on market?

Expand

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AVL's 50% contribution towards Modern Manufacturing Industry Fund grant, and the government would reasonably have withdrawn the co-funding for the project on account of AVL being unable to meet their commitments.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
7 Upvote

0 Great analysis

Reply