I've been following AVL for many years, and there's never been any real progress here towards getting an actual Vanadium mine built and into production. It's been a case of cap raise after cap raise, update after update of feasibility studies, then a "final" BFS, then another update of that. Now after so many cap raises, the bloated SOI stands at nearly 9 billion. Several cycles of high V2O5 prices have been and gone, yet AVL keeps trundling along with its large BOD and management team. The BFS that was supposed to trigger FID is a distant memory past. And still these guys keep turning up at mining conferences to claim they are developing the Australia's next V mine. If that's not the definition of a lifestyle company, I don't know what is.
All IMHO, DYOR
AVL Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)