common theme running through many of there investments. NEO was...

common theme running through many of there investments. NEO was taken over. PLS , they initially funded but as I understand exited in 2021 at around $1.10 verses around 38 cents participation/ Tallison speaks for itself vis a vis Greenbushes , and Winsome in m view is somewhat insignificant.

More interesting is that they don't always do well if you look to Australian Vanadium Limited where they came in in March 2023 at around 3.2 cents holding around 18% as well as Technology Metals Australia where they were if I remember around 17% at approximately 37- 38 cents and they are now 26 cents.

Of course those two were also involved in a Merger with Australian Vanadium shareholders coming away with around 58% of the merged entity and which was based on an AVL share price at the time of 2.7 cents verses TMT of around 32.5 cents. I believe RCF tipped in around $15 million at 2.6 cents with AVL at the time of the proposed merge with the merge being at only a 9.8% premium to the last traded price of TMT and a 26/27% gain based on the previous 30 day VWAP.

And with that merger being valued at around A$217 million , the merger of Sayona and Piedmont may deliver much higher returns than which haven't been achieved for RCF with respects to the AVL TMT one.