Ann: Application for quotation of securities - AVL, page-6

AVL is absolutely a lifestyle company to its core. The current board supported the previous CEO Vince Agar through years of lifestyling, spending money on blind alleys, trips to conferences, never ending surveys that went nowhere, reports galore, then the BFS that was out of date even as it was released. Now the board are doing the same with Graham. And along the way, they've been raising money cap raise after cap raise, so now its an eye-watering 8.6 billion SOI. AVL is still at the same stage its been at for the past 5 years, FID nowhere in sight. And now AVL have to navigate through a collapse in Vanadium prices that shows no sign of ending. The board need a shake up at the next AGM. Folks should say NO to the renumeration, take first strike.

all imho, dyor