He's been at the helm I believe since 2017. CEOs have a duty to...

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creditdumbness

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27/02/24

15:29

Post #: 72622815
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Originally posted by Value4983843: ↑

Fundamentals analysis of AVW and why their trajectory..

Even when lithium prices were high they AVW failed to make and profit.
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The NPAT (Net profit after tax is around -12.9 million in june 2023, in june 2023 they has just 10.7 million.
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With flat revenue at 0.178 million in june 2023 and hemorrhaging cash at a rate of -12.8 million last quarter how long before they have to do another capital raise . With lithium prices they will have to offer issued shares at significantly below market price.
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This cash will run out in within a 9 months without another Capital raise and then their will be series of share price destruction, as CR after CR destroy investor investment.
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Lithium prices continue to fall on the trailing side of the Lithium bubble .
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Me personal sentiment SELL, i am a amateur who see no future value in AVW.
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Even david deloub who took over this loss making entity could not save it from trajectory.
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He's been at the helm I believe since 2017. CEOs have a duty to be open with shareholders. If he thought this wasn't a good investment then he should have said. Why would someone take on the role if it was such a bad company with no prospects? A good CEO will identify and implement strategic changes and foster innovations. He could be looking for new opportunities as we speak and you coming on here telling people to get out is widely inappropriate and anyone, like they are over at SHE should be questioning your motivations.

AVW Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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