There was talk that people weren't buying here due to potential...

There was talk that people weren't buying here due to potential big exits when we merge, but honestly I think most people dead against the merger have already left. Anyone else just wanting a better price has gotten one, whether it is satisfactory or not in their eyes is another thing, but even if it isn't, that doesn't mean they exit right away. They might prefer to wait and get a better return in a few Months.

Mostly TMT was a vehicle to take advantage of the vanadium potential so unless it ends up being a wave of panic selling, I can't see a massive hit coming as there is still a lot of unrealised potential here.

More likely we haven't had buying here as the market was watching AVL to determine what price it's worth actually paying. Close to deadline why shouldn't we be close to the 14:1 ratio, especially if AVL can stay strong as it has been.