The company says it needs $604m Thaliat.
If it gets that this year will those guys be worth their pay?
And if AVL does get funded, then what will that money be based on if not dilution?
I agree it seems a lot for a company that has only just started showing its’ ‘mettle’ but remember this board is mostly new and contains people with high level experience including Woodside, Pilbara Minerals and US Vanadium.
FWIW I’m taking the view (with fingers crossed) that we’re in an inaugural and temporary position here, that there’s a big future ahead (otherwise RCF wouldn’t have stuck $30 odd million in at higher than current prices).
…. And that the board and management HAS been appropriately refreshed and that “you pay peanuts, you get monkeys”.
Cheers
AVL Price at posting:
1.8¢ Sentiment: None Disclosure: Held
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