News: AEV Avenira Receives Mining Authorisation For Direct Shipping Ore Operations, page-227

Here is my perspective on AEV’s current situation. They are in the process of finalising the feasibility study for their yellow phosphorus project. Concurrently, I believe they are working on securing a binding off-take agreement with Hebang and raising capital, likely over $200 million, to expedite the development of the yellow phosphorus facility.

Hebang is constructing a chemical production facility in Indonesia, expected to be completed by mid to late 2025. This facility will require a steady supply of yellow phosphorus, and it seems Avenira could be a key supplier.

In my opinion, the lack of communication from Avenira may be due to their efforts to finalise these critical agreements. While this is frustrating for shareholders watching the SP decline, it is understandable given the complexities involved in securing such large-scale agreements and financing.

The risk-reward could be huge!
DYOR