If investors confidence In Vanadium stays at current levels then I think AVL will end up raising capital around the 1.3c territory. The tide will turn but it’s just going to take longer than expected(my opinion). I’d imagine they’d have to do a revised BFS now that the merger is done and then followed by some binding offtakes. Tick off these crucial boxes and it’ll run hard when the time for FID comes. I’m going to have a stab and say this will punch down a bit more and in 12-18months time could be a 10-12 bagger on release of BFS/FID. Might not be the most exciting stock to be involved with right now but it’s worth a punt as the sentiment will change. Don’t look at the present market cap.. look ahead.
**I have held AVL in the past and intend to re enter.
AVL Price at posting:
1.7¢ Sentiment: None Disclosure: Held
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