STTCOMP AVL, FA Long
SP: $0.02
SOI: 1.082b + 494m options
Market cap: $21.6m undiluted ($31.52m fully diluted)
Cash in bank: $3.196
>Vanadium – **anintha deposit (V-Ti-FE) in WA.
>Battery storage market – Vanadium Redox Flow batteries via their 100% owned subsidiary, VSUN Pty Ltd.
>Electrolyte producer
Although AVL has a world-class V-Ti-FE deposit, I have tipped AVL more for developments in its battery operations, namely the installation and commissioning of WA’s first Vanadium Flow battery expected in September. I believe that the successful commissioning would spark further sales to what is already, a healthy list of leads.
Short-term catalyst
>VRFB is due to arrive at Fremantle Port any day now (As per announcement on 17 Aug, it was meant to arrive today, 29 Aug)
>Installation of Solar photo-voltaic panels as well as system installation and commissioning training of Australia-based personnel to occur.
>VRFB installation and acceptance testing will be undertaken during the week commencing Monday 12 Sep 2016
>In addition, electrolyte pilot plant is due to be completed by C-Tech Innovation Limited in the first week of September.
Longer term, renewable energy is a growing industry and I see AVL’s technology as potentially having far-reaching impact.
Buyers are certainly building in expectation of imminent news-flow. Sell side really thinning out so could see a run up again to test recent highs.
***This is not a buy recommendation. It is just my opinion based on my own research***
