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Ann: Transaction Update, page-136

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Troydt

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19/11/23

16:21

Post #: 70984868
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Originally posted by sabine: ↑

Thanks Troy,
I will look forward to going through this in more depth!

Initially what I’d like to note against your statement that AVL has no binding offtakes, is that AVL *does* have a non-binding offtake proposal for what as the time was an estimated 20% of production.
This has been in place since December 2020 with US Vanadium, a US-based company. It is noteworthy, I think, that AVL’s technical director, Daniel Harris, is also a member of the USV board [see link ].
USV has also been cited as the company which will initially supply ore to AVL’s almost-completed electrolyte plant.

Given the relationship there plus new US incentives for Australian and US companies to ‘do business’ I think to write off that MOU because it is non-binding is not appropriate.

cheers

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If AVL was ready for finance or TMT for that matter I would imagine nearly 100% binding offtake should be achieved by both companies before any finance discussions can take place.

My point is AVL are letting their ambition get in front of their ability!

TMT Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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Ann: Transaction Update, page-136

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