It may be as simple as realising that when TMT cross a few more hurdles, any substantial rise in our shareprice will probably be matched by AVL even if they release zero news, so it's a hedge bet rather than adding another 8mil to TMT for similar reward...
I don't want to see any merger, as I want this vanadium precinct up and running as fast as possible..
A merger would almost certainly mean a new DFS for the combined resource, new mine plans, processing facility etc,,, so add several years on top of where TMT are now..
I don't recall any AVL holders having a single positive reflection on RCF's backing of TMT, so I wonder how many will change their tune now that it looks like RCF have given them a tick as well?
TMT now has a very large target on its back, page-17
Add to My Watchlist
What is My Watchlist?