Ann: Investor Presentation-AVL.AX, page-21

Nice presentation, but I think we'll need a bit more "meat & potatoes" if we're going to get back over 2c in 2016. It's a bit disheartening to look at the lineup just before open and see numbers like Bid 364,568 .017c and then Sell 364,569 .016c directly across from each other. I guess we're all supposed to believe that this is just one amazingly coincidental daily occurrence. With ASIC being such a toothless tiger it doesn't surprise me that they don't even try to hide these shady trades any more. I doubt they'd do anything even if they got hold of a letter instructing a broker to "keep the VWAP around these prices" delivered right to their doorstep. Anyway, I'll leave it to the resident "expert" down rampers who's best contribution thus far I believe is something along the lines of "THIS COMPANY SUCKS!!!". And to think some still question the Australian education system!

What makes me laugh is that many here still seems to be putting all their vanadium eggs in the battery basket. It's as if some people don't believe 100% of the worlds vanadium supply is being bought up and that 92% of it is being used in the steel industry. The battery market (as massive as it could be) is just a fly on the wall right now compared to the real players! I guess some think that these vanadium companies are storing it all in closets now anxiously awaiting the battery market to boom so they can find some buyers hahahaha! The fact is, if the battery market doesn't catch up quick enough to when AVL goes into production, IMHO AVL will then just decide to sell it to the "rebar market" which is growing at 6% annually (during a quiet period in building growth)!! Buy that time, with the battery market competing for supply as well, I'd like to think we'll see vanadium at some very good prices, regardless who we sell it to. We have nearly 100 million tonnes of the stuff, of which 56 million is super high grade material, so I think we'll be just fine thank you very much.

So excuse me if I don't share some posters eternal gloom. Life's too short and I actually own the stock if you can believe that. Maybe next year I'll pick a few names out of a hat and go annoy all their holders on HC message boards. Nah, I think I get enough attention in the real world.