The big new office building and quite a few new hires at board level I feel like might be putting the cart before the horse a bit..
If progress starts coming along quickly it won't matter,,, and the $25mil raise certainly has provided a buffer to splash out and not try to run on a tight budget, but these costs will start adding up and taking a tolle if progress has any major hold ups like EPA, BFS updating etc which can equal 6 to 12 Months or more of financial burn while everyone getting paid seems to have to sit on their hands and wait, the same as investors..
Are these appointments essential at this stage of progress I guess is my question.
Regarding the latest appointment, I am surprised that RCF didn't look to install someone as they did with TMT for quite a while (and retired them from TMT's board shortly before the AVL investment), so it would have actually made a bit of sense for a few of those reasons if they installed a new board member at AVL.
AVL Price at posting:
3.8¢ Sentiment: None Disclosure: Not Held
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