AVL 6.67% 1.6¢ australian vanadium limited

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  1. 2,651 Posts.
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    I think possibly everyone is getting a little eager and expecting too much too soon.

    From my recollection:
    - Until June YRR didn't even have a CEO, hence the appt. of Lorry
    - Until the placement which was completed in September YRR, had very little money to
    do anything. Things had been pretty stagnant for quite some time and I don't think new management
    inherited a "bag of gold" to work with. Things were running pretty dry.
    - The direction of the central focus being the Vanadium Pentox. for the VRB tech is completely new
    for YRR. It didn't even exist when previous studies were done hence the need for more.
    This will make or break them, I'm punting on the former.


    This could be a classic case of right time, right place.
    VRB's are moving closer to large scale commercialization every day.
    They need Vanadium Pentox. and lots of it.

    This whole scenario and new direction has only kicked off since the CEO was appointed.
    As recently as about 8 weeks ago YRR had very little money to do anything at all.
    Drilling rigs don't accept bottle tops as payment and neither do experienced personnel (ie : Lorry.) I'm sure he is getting well looked after and if he gets YRR going then it's well deserved.

    Theres now over $3.5 mil in the bank and I'm sure Lorry is doing his best to achieve what he has done in the past.

    DYOR blah blah blah.........................thats my take on it.
 
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