So say varied AVL haters who held out at TMT last year for an...

So say varied  AVL haters who held out at TMT last year for an extra two shares in a campaign cleverly driven by those who remain  well in front even at 1.5c a share, and who now found themselves bearing the weight of more than 16% extra ballast instead of reaping immediate abundance.

But I expect break even point and more will one day come given RCF has put (by my maths) $42m in at an average of 2.7c a share since late 2022 - all the way through to another $15m in September last year ((the day after the merger was announced) and I expect it knows what it’s doing, and has better sight than us into the company’s future.

Despite the lack of combined resource update in April that was expected, I think it’s a great report as per Graham’s comments :
“AVL made great progress during the quarter across the vanadium value chain, focusing efforts on integrating the merged projects.

We are pleased to have commenced an optimised feasibility study to maximise the economic benefits from the now unconstrained orebody resulting from the merger. ​

The metallurgical testwork conducted during the period has reinforced our confidence for a long-life,  high-grade project in the southern areas of the deposit. ​

The combined project promises to deliver a material increase in value for our shareholders.”​

“This quarter marked a transformative step toward AVL's goal of creating an Australian vertically integrated VFB supply chain.

We successfully completed the commissioning of our 33MWh vanadium electrolyte manufacturing facility, achieving our first production of vanadium electrolyte. ​

Our team's commitment to excellence in design, construction and operation of the facility has culminated in the production of battery-ready electrolyte, another significant milestone for AVL. ​

With this achievement, we are positioned to become the leading supplier of locally produced vanadium electrolyte, ready to deliver to the rapidly growing VFB market in Australia.​

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“Our wholly owned subsidiary, VSUN Energy, continues to deliver on existing VFB projects and is strategically positioned to play a leading role in VFB deployment in Australia.

We are witnessing an accelerating adoption of this mature and commercialised technology, which is increasingly recognised as the preferred solution to the rapidly growing long duration energy storage market.” ​

It’s been a solid quarter with some great steps made.

Thanks AVL