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05/12/23
14:17
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Originally posted by notned:
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Imagine for a moment there is a Company that uses vanadium that want wants to assure their Vanadium supply in a market controplled by China, Russia, and South Africa. (Think India, Japan, US I can think of a few companies in this area that could mount a T/O of TMT out of their petty cash tin) So today at the time of writing for less than $1 they could buy 3million TMT shares. with the max share price being .35c (those figures wipe the sellers) They then make a low ball T/O offer @ .35c . To buy a company that has completed all the hard work on EPA. Is ready to sign off on contracts for a processing plant. MY QUESTION IS WOULD THE BOARD AND LARGE SHAREHOLDERS (think RCF) accept the Takeover offer and recommend it to shareholders Put yourself in the Board's position what would you do. at 35c what about 40c or 50c. Then think how many AVL shares. I don't think the board would entertain such a takeover then why accept shares with a current value of 26c I am all for one ore body, one mining company why can't the mining company be TMT and it contracts with AVL to manage their part of the mine, from completing EPA submissions to sending dirt down the road or processing it on site. The reason I suggest TMT is that it is shovel ready and should be contracting to buy bulldozers for delivery when the EPA (having completed stage 3) writes its report in accordance with stage 4. Ian no need to buy a gold shovel the minister will bring his own when invited to turn the first sod.
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I think there has been a seismic shift in shareholder thinking on the back of the EPA news. People who may have accepted 12:1 are now thinking again. People on the fence are leaning towards no People opposed feel vindicated. It's been covered 100 times on here in the last 3 months TBH mate - it was a real concern that TMT alone couldn't get funding. Now, with EPA and other approvals hopefully all done and dusted in 2024 Q1, shareholders are rethinking the value of TMT. We know what TMT offers, and with that comes the critical ability to ask - so what does AVL bring? For more and more people, the answer is "nothing" I honestly didn't know that AVL didn't even own or lease the land they were planning to build a processing plant on. That says it all. Large numbers of shareholders have declared to the market or to TMT directly that they will vote NO. Hopefully, very, very shortly, we can get the block confirmed on this ludicrous Takeover and get RCF to make their decision. Which surely has to be - "We have decided to support TMT as a standalone venture and withdraw our support for a takeover by AVL" I personally just cannot see, with the EPA news, and AVL's lack of any sort of business model, that RCF can make any other choice. IMHO DYOR