The hedge funds will be all over this. There is a ration that AVL and TMT should trade at....12 times.
If AVL rallies because it is seen as the principle beneficiary of the proposed merger, then TMT should go up in proportion. Say AVL rallies to 3.5c, TMT should be trading at 42c.
Danger is putting the two together doesn't double the company's worth. Mine life over 25years is meaningless. And they will together still only produce 13,000t of product I'm guessing.
It's going to be an interesting week coming up but like many here, I'm not happy!
TMT Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
