Ann: Merger Presentation, page-632

RCF may end up with a profit from the deal, but that certainly doesn't mean that retail investors will too. Given what has transpired here over the past couple of weeks, I wouldn't trust any of them, RCF, Regal, and sadly not TMT board/management. Get them to put their money where there mouth is. If the merged project is so attractive, they shouldn't have any hesitation offering TMT holders the option of a cash payout instead of AVL shares.

All IMHO, DYOR