Apart from the share price, has much changed though?Vanadium...

Apart from the share price, has much changed though?

Vanadium price is binary in my eyes. It either makes the project feasible, or it doesn't. And it hasn't been feasible for a while.

So the V205 price needs to turn on a dime which we've seen it do. And demand should make it do so soon.

Then there's the merger... It won't go ahead at the current proposed 12:1.

So either AVL/RCF crack it and walk away in which case we are back where we started.

Or the deal is improved for TMT holders. We'd have to see a SP jump if that happened. The market makes no sense if it doesn't.

So things feel worse than they are and I tend to think that's by design.