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Arguing with OR? To repeat myself; I believe there was other...

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sabine

20,781 Posts.

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19/10/23

15:04

Post #: 70429564
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Originally posted by RhysT ↑

I brought up the analyst more to make a point that it wasn't just TMT's faithful followers that were expecting the possiblity of a big announcment or two popping up.
I pay zero attention to media analysts and don't invest on their recommendations, but just as an indicator that it isn't unreasonable for us or the market to be bullish on TMT this year on the back of a possible re-rate announcent or two being due in the pipeline.

Not going to argue with the quotes you posted from Elisha. To build a mine TMT would absolutely need a large amount of capital. But TMT are/were not at that stage yet where next step had to be mine funding or bust. Until updated financial metrics were available, no one is lending money to build a mine. Until permitting is done, same thing.
And I don't think Elisha was actually suggesting that was TMT's next step either. Just that it was getting to that pointy end. Which for a TMT shareholder is actually something we would be excited about approaching, not concerned the lights are going out if we don't get the full mine funding immediately.

TMT have been running as a company and raising capital without RCF for 5+ years. So do I even need to respond to your point 2?

I think a big part of our arguement is a wash anyway, as we can probably agree the merger was in the works for Months prior to the announcement, so with that it wouldn't make sense for TMT to raise capital via 'traditonal avenues'.
So perhaps the financial situation we are talking about is a product of the merger plans, so we're talking what if's for no reason.

But anyway, I feel like going on.
You honestly asked 'which avenues?' to raise capital?
I dunno, maybe the same ones that support just about every single non producing explorer on the ASX.
The avenues that supported TMT before RCF arrived. The same avenues that allowed AVL to build a register of several billion shares before RCF of the govenrment chipped in?

But again, it's probably a wash because you are talking of a financial situation that had major manouverings going on behind the scenes which already had the plan of how this played out.
So I guess my arguement is based on, absent the merger plans,TMT could have raised a few million in capital to sustain themselves while finalizing permitting etc, finalize bfs/dfs/bfm whatever fancy name they want to spruce up an overdue report with..

I just can't get onboard that you are arguing with OR absent the merger plans,TMT could have ran out of money and would have had no way to get more.

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Arguing with OR?

To repeat myself; I believe there was other money out there although likely not as attractive as what lies in the future for a TMT merged with AVL.

— If that potential ‘other money’ was a better deal then logically the proposed merger would never have reached the announcement stage..
Also however it was that TMT survived previously, there seems to have been no other cornerstone investors besides RCF in its history?

I think/hope one of the most exciting developments shareholders will see after the merger will be some clarity that the MTMP will no longer be stuck in the ranks of those non-producing explorers you mention.
And I hope we’ll also see a solid increase in financial returns here as Australian Vanadium.

cheers

Last edited by sabine: 19/10/23

TMT Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

2 Great analysis

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