AVL will be rocking up to a bank, or financial institution, carrying a BFS that is based on an assumption ("worse case scenario") that broke down only 5 weeks after its release on 6 April (V2O5 dropped below US$10.50/lb on 10 May 2022). That's not a good look, and hardly instills confidence in AVL management. Why did they decide US$10.50/lb was the worse case scenario anyway ? The V2O5 price was below US$10.50 before mid Feb 2022, going back more than 2 years !
All IMHO, DYOR
AVL Price at posting:
3.3¢ Sentiment: None Disclosure: Not Held
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