RCF; Getting to Know You, page-4

So three recent-ish  activities re RCF VII in regards PLS/AJM

1) It was in the data room of the desperate Altura
2) It left  without without supporting AJM and instead sat by whilst the  the AJM lenders dealt a swift death blow and had it’s own swiftly organised deal with Aus Super and PLS that PLS would buy the Pilganoora assets.
3) It then sold down from being a substantial holder in PLS


28 Oct, 2020: “The board of Altura Mining will explore its legal options after rival lithium miner Pilbara Minerals struck an agreement with the troubled company’s lenders to take control of its assets.
Pilbara announced yesterday it had signed a conditional agreement with a syndicate of the company’s lenders led by US hedge funds Castlelake and CarVal to buy Altura for $US175 million.
The Ken Brinsden-led company flagged a $240m equity raising backed by AustralianSuper and Resource Capital Funds to finance the deal….
… The arrangement comes after Altura’s lenders called in receivers and managers to run the affairs of the company on Monday after failing to agree with its board on a proposed recapitalisation.
It is understood Altura believed it had a viable path to recapitalise the company via an equity raising until midnight on Sunday ahead of an October 31 deadline.
It is believed Pilbara, RCF and another lithium miner, Galaxy Resources, were last week in a data room with Altura to consider ways they could cornerstone the recapitalisation.
However the parties left without any deals emerging, leaving Altura to raise the cash to pay the $250m it owes…”
https://thewest.com.au/business/min...collapsed-lithium-miner-altura-ng-b881705670z

14/12/20
The equity raising @ 36c per share includes [PLS Equity Raise to fund Altura purchase];
“a ~A$119 million placement to AustralianSuper Pty Ltd in its capacity as trustee for AustralianSuper (“AustralianSuper” )and Resource Capital Fund VII L.P. (“RCF VII” ) (“Placement” ), with the placement shares now issued and allotted; …”


Then ; 29/01/21 holding reduced from 7.19% as of December 2020 :[ref]


RCF ceased  to be a substantial holder  notice 04/02/21 [here] Price ~$1 per share?



.. And some of the profits went here, into its’ next Aussie battery minerals target TMT later the same year?

cheers