Ann: Scheme Booklet registered with ASIC, page-82

Good point Th88, TMT has zero debt and a few years of runway cash. According to their last quarterly (ending 30 Sept), they have more than $15 million in cash or 3.5 years worth of cash at the current rate of expenditure (see below), so no cap raise for a long time ahead, unless it was needed for a specific costs associated with advancing the project. That's funding through to March 2027. There's absolutely no reason to panic and sell to AVL at bargain basement prices. I'm guessing our cash is one of the main assets that AVL want to get hold of, and probably RCF/Regal wouldn't mind a slice of it either. We should keep the cash, vote NO to the merger.




All IMHO, DYOR