let's call the scheme document for what it is! it's pretty much a sentiment trasher, designed to make holders sitting on the fence submit make it look like AVL is our savior.
so no one's in the market right now with an appetite to finance a vanadium mine. NO shit! look at the vanadium price! let's be real we aren't ready for finance yet! still need binding offtakes, native title formal epa approval.
we have zero debt and a few years of runway cash if we wanted to sit idle and let the vanadium market do it's thing we could
just like when PLS took out AJM it was absolutely oppertunistic and happened at the bottom of the cycle when no one wanted to finance lithium mines! fast forward 6 months and what would of happened if AJM didn't have debt or could of weathered the storm like we can
they would prob be a 3-4 billion dollar company right now
I don't buy the fear! we don't have debt. we have a tier one vanadium resource that AVL wants! we are in a commodity with a big future
TMT Price at posting:
21.0¢ Sentiment: None Disclosure: Held