It would be interesting overlap on that chart when the golden handshake capital raisings (to mates) occurred. If I remember correctly, the last one was just after a big dip, which added to the discount, made for a pretty sweet deal. Wonder if they're all still in, or took the 40% and ran?? The one before was an even better bargain.
Must be about time for another 3c offer, most likely with an option for the VIP's and management of the finance company. Yes I know they have loads of cash, and shouldn't need another on until mining, but hey, I was told TWICEto my face over the last 5 or so years that there "100% wouldn't be another one". How'd that work out for shareholders? A bit different than management and directors huh??
Oh and if you think the charts and wonderful news stories are the reason that this company has been unable to raise any money from anyone other than mates (at a 40% discount) then you're way out of touch. The company is looking for someone who believes that this group is capable of getting the vanadium out of the ground. If/when that fails, the whole thing will go on the market to a group that know they can. That's when things will get interesting
Attempt another cap raising and they might as will put a white flag on the front page!!
AVL Price at posting:
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