I disagree Hawk. All the ego-related comment and knee jerk...

I disagree Hawk.

All the ego-related comment and knee jerk emotional kick back has been on the TMT forums !

“….Brett Beatty, said he believed there was a growing need for junior miners to set egos aside and consolidate landholdings to make sure projects can be funded for the benefit of all shareholders…”

If you want to read between the lines try that .


It’s ludicrous to think RCF is in the game of cutting off its nose to spite its’ face !
And it is worth remembering that (however less its’ tenure here is than seed investors and early buyers) RCF - as the largest shareholder in TMT since 2021 and the one who paid highest prices for its’ holding

(more than 36c a share average?) ​

… is the one suffering greatest financial ‘immediate damage’ under the current terms of the merger.

So it obviously negotiated strongly -as much as it was able - before agreeing to the 58%/42% proposal.

The fact it accepted what seems* a poor deal (*as per @Troydt posts starting [here] on October 19 ) , given mining costs and other inequities between the two projects, makes me believe there are factors in play beyond those summarised by Troy.

And, once again, if you want to read inferences into his comments that some TMT holders are being shortsighted and ego-driven and refute them with a valid case..
Then take your case to Nick Evans at The Australian!

The public loves a good ‘popcorn’ fight and whilst the situation here is hardly Australian Super, Brookfield and Origin you might get an airing simply because 9% has been acknowledged as ‘powerful’.