Hi Katherine …
I don’t know what the managers of Resource Capital Fund #7 have in mind for the long term regarding vanadium.
Re local lithium they seem to have demonstrated more of a quick in and out strategy…
ie I think it was Fund VII that helped bring Pilbara lithium project Altura finally to its’ knees, and then helped adjacent neighbour PLS buy AJM out of administration before selling out of all or much of its’ holding in PLS.
It’s been playing more of a long game so far at TMT.
Beyond this in regards RCF plans, my thoughts have no professional weight but, FWIW, I think there may have already been a bit of destiny determination going on - certainly at TMT where RCF seems, as said, to have taken a longish ‘let’s help control’ view with an eye to those “predictable returns” it is wanting to see?
It became a cornerstone investor in 2021 ( at more than 35c a share!) with the proviso that an RCF rep be given a seat on the board.
Jacqui Murray stepped down last February but RCF has retained its’ right to nominate someone else, and if you read her farewell notice
[here] you’ll see she seems to have been involved in several steps forward.
I also do not think the investment in AVL was made lightly and expect there was some solid discussion there about the future with CEO Graham Arvidson and others.
What do others think?
cheers
