Ann: Quarterly Activities Report and Appendix 5B Sep 2023, page-39

I don't know if that was all Ian/TMT.
No one knows how long the merger had been planned, but at least going back to when RCF invested in AVL to start positioning for the buyout, so I suspect at some point this year, RCF an Ian met and the word came down to maybe just put the breaks on all of these independant quotes and finalizing the financial model.

I mean you have to in part account for that plan and how much it probably influenced TMT's activities this year and what they were going to present to the market.

It's probably speculating too far to say that permitting was held up or a 'slow down' put on it due to the merger, so I won't say we might even have that locked up if not for the merger, but a lot of other stuff that has been expected, the merger is at least one plausible reason we have seen none of it.

Either way, I can't argue you much else you have said. Other than Ian being a lifestyle director, I think he has done everything he can to progress this as fast as possible on aa little capital as possible, despite some challenges... Since RCF have come on board you can argue it gets murky from there, especially if they have wanted a merger from day one, it skews the direction TMT needed to get to.

No I don't think RCF is the boogyman. Just a major investor who have had plans outside of what TMT presented us up until a few months ago, and are currently pulling a lot of strings with a lot of inside knowledge none of us are privy to, including what the hell this new company plans to do regarding processing and where they plan to do it.

That's enough to at least call them the entity that has thrown us all into the unknown, and the market has spoken regarding whether they are onboard or not.