Yesterday’s move on PUR showed that the market is still hungry for vanadium plays. Market fall back hurt all stocks but AVL still had market confidence for both oppie holders to convert most oppies and an underwriter to back it to 1.2 mill $$ worth when they were trading just at oppie convert price. Says a lot about where the market rates AVL in the vandium chain. Globally significant resource with now a significant cash balance to attack DFS and attract partnering opportunities to take **anintha towards production. Market conditions hurt all stocks across the board in late 2018 so hopefully 2019 sees more favourable conditions and stocks like AVL with a fundamentally significant resource the opportunity to grow.
AVL Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
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