ROFL Hedge.
And gee if only RCF was all wrapped up in just one man - those muscles, that integrity, that ability to stay the course??
A history of 'user’ satisfaction, gets invited to all the right places.
Deduct 3 billion shares from AVL and you’re back around EOFY 2017 when there was only 1.2 billion shares on issue.
Will the AVL price drop further before the merger?
Maybe.
The lower it is on the day the new shares get added the harder it will bounce on good news imo.
Market cap there tonight is just $104m.
price 1.8c
Last time it consistently saw these prices was back in FY 2017 .
When (coincidentally?) there was around 3.1 billion shares fewer than now.
Does it deserve priced so with $39m booked still to come from government grants, $39.5m cash as of September, imminent access to TMT tenements, and considering the new management there, the pilot due to be installed for the WA state energy facility early next year (with a potential battery roll out across the state), approvals likely to be fast tracked and mainstream media commitments from both Regal and Tribeca to contribute significantly once the pathway to development is clear.
Yes that’s clearly what it ought to be priced at, because - as they say - the market never lies?
