Hi Troy,
re your questions :
First question:
Which shareholders were aware of the merger before the fact? Which group of shareholders are you referring to?
I am not referring to ANY shareholders beyond those holding shares who are part of board and management.
Were both sides involved?
Yes of course .. AVL did not just randomly present a merger proposal!
See TMT lawyers’ notes here:
https://iclg.com/news/19456-dla-piper-guides-technology-metals-on-merger-with-australian-vanadium
Second question:
What makes you qualified to make such a statement referring to question 1?
My "qualification” is that I have read various notices from both companies, paid heed to early signs (such as Ian Prentice commending the first RCF buy of AVL shares in a TMT announcement) and have researched elsewhere eg the DLA Piper website.
Third question:
"Are you also aware the highly qualified new AVL management certainly did NOT “piss away money” by issuing 5b shares?"
Which AVL management are you referring to? The vanadium experience who is on the AVL board / management are still present to this day and issued the 2022 BFS.
I am referring to AVL’s
- new CEO, Graham Arvidson
- new CFO, Tom Plant
- new board member, Miriam Stanborough (x Woodside, PLS board member etc)
- new board member, Peter Watson - ex MD at Sedgman (now a core CIMIC pillar)
- new board member, Anna Sudlow - CFO at Paladin.
I researched these people and others and believe these statements in AVL’s annual report :
https://cdn-api.markitdigital.com/a...pdf?access_token=0007yZJ73vAzOa3HlNDZLh4nR2aR
“We also significantly strengthened our Board through several appointments. The addition of Miriam Stanborough AM, Peter Watson and Anna Sudlow to the Board delivers a unique and distinct skill set that complements the existing Board members and ensures that the Company has the right depth and breadth of technical, project, financial and governance expertise required to bring the Project into production”…
… “We have continued to strengthen our team during FY23, bringing in the right people with the background and skill sets required to progress the Project to production.
Our finance team has been bolstered by the recruitment of Chief Financial Officer, Tom Plant. Tom's background, along with the remainder of our finance team, will be crucial in continuing to progress our discussions with Government agencies and debt providers to deliver the capital required to bring the Project into production.
We have added to our technical and operations team via the recruitment of Flormirza Cabalteja as Executive General Manager Project Delivery – Downstream and we have invested in our culture and safety through the appointment of Ross Jennings as Chief Safety and People Officer.”
Those are the new members of AVL board and management - who I believe are not responsible for the 5b shares.
cheers
