Fundamentals analysis of AVW and why their trajectory.
.
Even when lithium prices were high they AVW failed to make and profit. . The NPAT (Net profit after tax is around -12.9 million in june 2023, in june 2023 they has just 10.7 million. . 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. . 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. . Lithium prices continue to fall on the trailing side of the Lithium bubble . . Meypersonal sentiment SELL, i am a amateur who see no future value in AVW. . Even david deloub who took over this loss making entity could not save it from its intrinsic trajectory. .
