Possibly here is a relevant point to pop in a link to an old TMT thread.
(TMT being the next door neighbour that was merged into AVL on February 1 this year after the proposal was first {officially} put to shareholders last September 12.)
[Early History of Technology Metals Australia ]
Only for the deep research crew and random fact checkers that one.
It’s basically a collection of links showing how the main tenement was initially bought for $15 grand and then passed to a ‘different’ entity which did an IPO and launched TMT onto the ASX as a Christmas 2016 gift to early players.
..And the fact TMT was merged at a ratio of 14 AVL shares for each TMT share might have been the end of the story but for the weight of all the billions of ‘free shares’ (and possibly personality issues) attached. (Some exampled above?)
But that’s the story of many juniors, neh?
-maybe all of them?
..And possibly does something to explain why shares are now being passed around at the lowest prices in years despite the good things AVL now has going for it which include:
- the vanadium
- the ‘Australian terroir’
- respected global investor, Resource Capital Funds putting $42m of ‘confidence’ into the future of vanadium and this combined deposit since 2021
- significant pre-merger management changes at AVL
- and more
cheers
(20min delay)