I’ve been buying some of your 26c shares if that was you selling them zeppeli.
And I do know that, at this price, you are still making a decent profit because I looked at your back history.
I also know that currently there’s a seller who has put 668,222 shares on the sell side.
Maybe that is you?
Either way the prices of each share equate to 12 impending new shares AVL that will cost around 2.2c each.
I think that’s a great deal for the buyer (me?)
Because:
Vanadium is getting more and more publicity.
… and AVL has not been 2.2 cents for a long time…. not for years !
Importantly; Since it was at those levels:
-It has a mostly new management team and board.
-It has $49m in grants
-It will have a working electrolyte production facility operating in Perth in just a few months
- It’s the supplier/operator of the first government-supported Vanadium flow battery up in Kununurra WA to be
installed by early next year - a pilot project that - if proved successful (a government press release says) may lead to orders for more batteries all over the state.
-And it will have what many here believe is the best vanadium deposit in Australia added to its assets in the form of the TMT Murchison project which will provide economic efficiencies going forward.
The new boss there has also been nominated for an Emerging Leader of the Year award.
And it also has plenty of cash with $15m added to its kitty just the other day.
I’ve listed the reasons I am a buyer at 26c and - as many voices here have forecast - it may not work out.
In which case I’m a big loser.
But I don’t need the shares I am collecting at present and I am not trying to convince you about anything however as the market is now closed I think it’s a good opportunity to ‘sleep’ on whether you really want to sell yours at these prices…. Even though you ARE making a decent return.
