RCF is down on BOTH sides Lewis !
Around 35c average price over here at TMT including this year’s placement?
And $23m spent at an average price of something over 3.2c a share at AVL?
Maybe it did pay too much for its’ shares here.
But what’s that saying ?
“Fool me once shame on you
Fool me twice shame on me”
It had its own director Jacqui Murray here at TMT for more than a year.
Its obviously studied both companies.
AND despite taking a hard loss it supports the merger in its’ current form!
I’ve looked at RCF quite a lot … and maybe it will end up being wrong about vanadium, and it does seem it paid more than it needed to here in 202, but despite these things it is no fool!
If it thinks the best way forward is via this merger then I am currently back to thinking the same
- My price here is closer to its’ price than to those big naysayers!
cheers
Ann: Scheme Booklet registered with ASIC, page-73
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