Barrambie has been trying to get off the ground since 2003. Despite adding just about every metal on earth to it's 'potential' - nothing has happened of note, except wasting $40million to get to this landmark stage - of absolutely nothing happening.
And NMT needs cash now and lost its offtake deal ….Which is why it is currently for sale?
What was the $40m spent on please?
@sandfire wrote a while back that the new CEO at AVL - Graham Arvidson - (who celebrates just one year in the job on November 1) was involved in designing the pilot plant there when he was with Primero?
Oh - and that MOU agreement has not expired I don’t think: https://www.miningmetalnews.com/202...erm-sheet-explore-critical-minerals-prospects.
It is due to this week by my count ?
Based on the outstanding results of both failed mines, AVL - yes folks, AVL have rushed in to waste more of their shareholders money to prove again that neither mine is feasible.
AVL were so confident of success they raced to sign a non-binding agreement to work with Neometals - for the brain-churning timeframe of 9 months.
It, of course, has expired with nothing being achieved except wasting yet more AVL share-holder money.
Can you please give me your source for saying the MOU expired early.
To further prove the credentials of AVL , in their BFS of 2022, they proudly stated they based it on - *drumroll* - Windimurra and Barrambie - 2 projects that have completely failed!!
What do you mean that AVL based its’ recent BFS on Windimurra and Barrambie please?
I maintain this was a lowball fishing trip by RCF via AVL - they needed to know who they had to take seriously in the ranks of TMT shareholders, and get an idea of the 'favourable' offer required to takeover TMT via AVL.
I disagree absolutely this was a “lowball” fishing trip!
1) If it had been, RCF would not have quickly invested $15m into AVL at 2.6c a share the day after the merger was proposed (using a 2.7c valuation)!
2) RCF also publicly stated it is in favour of the current proposal in regards its ~46m TMT shares
How on earth can you can claim this is a lowball fishing trip to discover serious investors in the face of such solid evidence of RCF putting ‘money where its mouth is ‘?
The comment comes across to me as both absurd and preposterous Hawk.
Also entirely irrational
- Do you count the meme- posting gaslighting crew on HC of recent days who believe this stuff as ‘serious investors’ ?
The ones who fall into hysterical verbiage at the drop of a hat?
…The ones whose strategy is to play they are suddenly anti TMT leadership, anti RCF analysis, and unable to accept the changes at AVL leading into the merger proposal because they reckon that they can gather 25% of shares in an effort to block the merge and somehow score extort some better deal ?
boo
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