With all due respect, from a chart perspective, until we break 0.019 resistance, any movement within the channel means absolutely nothing, whether there's a crossover or it's "ready to pop".
Reality is, it moved lower from a 6 month accumulation zone (blue) to another tight ranging zone (red), the only positives are the volume spikes which signal buying interests at these levels.
AEV has A$3.2m in the kitty as of last quarter. At current cash burn they simply don't have enough to pay Aleees U$2m (cash or shares) by end of December. CR for cash or stock either way a substantial dilution is on the way and we all know that.
The main catalysts remain the same:
Positive DSO FS @ Wonarah for ST cashflow
New JV partner with big pocket to fund LT LFP project
Without the above de-risking factors, I don't see SP appreciating regardless of who they hire / what they announce.
Ofc my opinion only, happy to be proven wrong.
Hez
AEV Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
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