Shares will likely go up on news Ġabanintha mining project has EPA approval whether or not there’s been a consolidation first.
Shares will likely go up even further on positive news of government support for the mine from NAIF, EFA or anyone else out there
Based on ASX market cap estimate at close today of about $100m
Then $100m in funding should double the share price to 3c, with upwards increments of 1.5c for each additional $100m?
(But then my maths is generally a bit ‘loose’ so who knows .)
And I don’t think the ‘alignments’ with other battery makers are just ‘secretary talk’ at all.
AVL has important long term on seller agreements with both CellCube and Invinity!
Now it says it wants to develop and sell a VFB purported to last a decade longer than the ones theirs!
…… Maybe they anticipate a tech-sharing trade off so that they get a license to use AVL tech across America and Europe?
cheers
AVL Price at posting:
1.5¢ Sentiment: None Disclosure: Held
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