This has turned into a lifestyle company for the directors - flashy presentations and sharp ties, but 2/5 of f*ck all in real substance.
If these Rights were serious about rewarding performance, they would be set at double the share price they are.
The dilution and erosion of share price over the last 5 years is a disaster, and flaccid performance targets, like those above, telegraph to me that unless there is a doubling of the Vanadium price, this has become a pip traders stock, and a joke to anyone holding LT.
Tens-of-millions of share rights - more than the majority of individuals have in retail holding - just rubbing salt into the wound.
I'm out - before I completely lose the small fraction that remains of what I originally invested.
Commiserations to other Long Holders - Good luck to anyone hanging around.
AVL Price at posting:
1.5¢ Sentiment: Sell Disclosure: Not Held
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