Dripping with BS and cynicism, you accuse others of thinking like you.
I held TMT for 5 years before I sold at 29c, a slight loss. I was committed to seeing through the potential of TMT's excellent V++ resource.
And if TMT's resource looked an undersold buy to me at 30c, it's even more of a bargain at 22 c.
I researched AVL, but never wanted to hold it. Honestly, it smelt too strongly of pumped up garbage, heavily diluted by the type of shameless, smarmy BS management I run a mile from.
Sure some people are attracted to smarmy BS, but me, I'd rather put my trust in TMT's frugal, prudent, quietly competent, substance-orientated management.
Even if "honest" can be a problem in a world of sharks ( such as we have seen now ), I still back honest.
So, when the RCF/AVL driven "merger" plan was announced ( on the cusp of key anticipated TMT milestones, but also after an odd period of inactively ) it clearly stank to high heaven.
The smell of sly corporate takeover politics.
Since then, TMT management, so far unenthusiastic and in hiding, give every impression of being arm twisted.
But, let's see how they do on Saturday.... whatever their chosen route, shouldn't they be fighting hard for TMT Shareholder value? Can they make a credible case?
Clearly, AVL is a no go as a stand alone. It needs a viable, globally competitive resource. All the cash "invested" in downstream fantasy is a write off.
Not a reality anyone vested in AVL wants to publicly acknowledge, of course.
I got abuse for pointing this out at the time. Now, like duh, the SP has spoken.
Even today, market strongly up, TMT down.... after a sustained fall.
Despite the 12 pieces of AVL junk paper providing "a premium", despite the wow-amazing "synergies" of a "national champion" with an "awesome name", and despite the more meaningful hope that RCF will have to up the deal and include a hard cash component, the market is down on the deal.
I'd love to acquire TMTs resource at 22c now. I see an great future for V batteries. An modest upward shift in the high spec V price and TMT becomes a bonanza.
But, sadly, it's a horror scenario..... an investment house vampire with a death-grip on TMT's collar. Aided by a creepy Goblin sidekick that would shrivel and die in daylight, yet is kept alive by a promise of taxpayer largess.
They both need TMT's honest blood. It totally suits both to see TMT's SP fade away and die, before the prospect of Positive Cash Flow, and a superb ROI, sees daylight.
All TMT holders should be voting NO. TMT deserves a serious offer - hard cash, not heavily diluted junk paper.
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