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28/09/23
17:40
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Originally posted by dbd25:
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AVL are inferior to TMT mate, they have never actually delivered anything worthwhile. So many diversion tactics too. The BFS took years to appear, and then it was full of holes. Who on earth would fund a project needing A$700m capex with a 7.3 year payback ? They started a VRFB company without having any of their own V2O5 feedstock. Then they wanted to mine rare-earths for a while, then cobalt. Dreadful management on high salaries that hardly ever bought their own stock. Constant stream of cap raises, and consequently steadily increasing dilution on a biblical scale. All through this, trying to pass themselves off as the "goto" stock in the Vanadium space. Investing in AVL is only good for a quick trade, if the V2O5 prices are spiking. All IMHO, DYOR
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I give RCF some credit, they become sub holders in march and two lifestyle directors gone within 3 months