Perhaps Teddie could contact the first class management team and get clarification?
"You have Ian talking about progress on the gas pipelines and permitting for onsite processing, then you have Graham next door talking about progress on their processing site 500kms away"
So one of them is.......lying about future plans.
It's enablers (like the one in this thread) who have allowed TMT management to get us into this mess.
I refuse to believe for one second, that this takeover hasn't been openly discussed at management level in both companies for at least 3 - 6 months.
These takeovers don't happen overnight - and yet both company boards continue to churn out completely different plans to their shareholders at meetings around the country knowing full well that neither will go forward.
And now permitting seems to be in doubt.
This whole thing is a complete shambles, like it's been thrown together on the back of the proverbial fag packet.
Both companies continue to spout different plans for advancement, and yet they expect us to trust them with our $$$ going forward?
They can't even agree the location of the site for goodness sake!
I'd vote yes in a heartbeat if RCF came out with a plan to remove the lot and get a new team in, with a coherent, consistent plan to move forward.
It's a masterclass in incompetence..
And as we speak TMT share price continues to tumble into the abyss, with AVL not far behind (22.5c and 25c atow).
Meanwhile our glorious leaders speak of mining in 2025 in one place, and doing something else in another.
There should be a resounding roar of anger from both sets of shareholders about this fiasco - but all we get are sycophants banging on about first-class management whilst the whole project goes down the drain.
This absolute mess could have been avoided if the takeover announcement had been accompanied with:
An agreed set of goals.
A definite timeline of events.
A crystal clear announcement on the effects of this takeover on permitting, MOU's, tendering ,NT agreements and location of combined entity.
We have none of the above.
How on earth can AVL (RCF) expect anyone to agree on this takeover, when basics such as 'where is it going to be built', 'what will we be producing', 'how much of it per year' 'whats the expected capex of the new venture' etc etc aren't addressed at all.
If I sound pissed - it's because I am.
I absolutely believe in green energy for the future.
I believe Vanadium can solve so many issues the planet faces,that it's a wonderful option.
I believe Australia should be at the forefront.
I believe the deposits we are sitting on can be a major world resource.
And it's all turning to ash in front of our eyes, due to utter incompetence.
This is an absolute disgrace IMHO, as this botched takeover fiasco will set the combined (I believe the takeover will happen eventually - and that's the right move) AVL / TMT project back years.
Years in which other Vanadium outfits can move ahead of us.
We were in the box seat to get mining and fill the gap in world production, and now we are sitting ducks, waiting for others to go past us.
I'd honestly like RCF to pull their takeover offer, go away, come up with a coherent plan which enables current permitting applications (if there is one) to proceed unchanged.
Once permitting goes ahead, then work out the best way to combine the companies and their orebodies without having to go back to square one.
Everyone wins this way.
As it stands, both projects are in a very perilous position, and it didn't have to be this way.
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