Ann: Scheme Booklet registered with ASIC, page-140

@woody - "For those that are hanging their hat on RCF being experts and "not here to lose money" ; honestly I think they've made a huge tactical error going into the vanadium market. They're furiously bailing out a semi-submerged ship atm."

I've said this all along, and at the moment RCF are trapped big time in TMT due to its illiquity. They need the merger in the hope in might open a few exit gates for them.

"I found it very interesting the line of the post merger plan that showed the merged entity would look for other opportunities/projects(?) to add value.I'd bet your holding to a dollar they'll be looking at some cheap tenements for nickel or lithium to explore and hopefully find some interest to keep in the news for the following 18 months..."

This has been AVL's MO in recent years, its a series of flashy diversions, search for other metals, gold, nickel, rare-earths etc, then more cap raises resulting in shareholder value getting diluted to death. The AVL BOD and management need a major overhaul and cleanout. Get rid of the fat. Sadly, the current merger deal would allow the status quo to continue at AVL.

All IMHO, DYOR