AVL is definitely moving well. The battery announcement is great. There will come a time (soon IMO) where focus will highlight that Vanadium batteries are a better option commercially than lithium. The recent fire caused by a lithium battery reinforces the potential downside of using lithium.
the recent fund raising is also good news. Money in the bank is always welcome particularly given its stage of development. All the eight strategic decisions have been taken, we just need that BFS to be completed. I have always said that I want to see it done properly not quickly but it needs to be soon to capture the opportunity being presented by the battery technology revolution. Chinese steel production is still high which also provides a marker for vanadium.
all great signs but patience is still required. AVL management is going well with its steady approach IMO.
AVL Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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