Can you elaborate on why ALV, or any company with competent management having said that, would DREAM of a cap raise in 2021, when as of Dec 2020 they had over $7 million in the bank? Surely I must be missing something that you see here sandfire. The ongoing work would mostly be paid off anyway.
If there is another cap raise before a BFS, or DFS, or whatever the hell is eventually going to be released, then our mate woodenspoon will be the most optimistic person on this board, and the share price will be WELL below 1c. Good luck to the morons touching that one.
If Mr Alger has not learned a book full of lessons from the bottom feeders he's had to deal with on the last two cap raisings, then there is absolutely no hope for AVL other than a cheap buy out where anyone getting a penny more than the rest of us share holders will be in court for the next 10 years.
AVL Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
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