the only positive I get out of this is we are now one of those stocks that are exposed and well known to the retail herd . AVL has always been the gauge to vanadium sentiment on the ASX. it will be good to finally be in a stock that attracts ill informed money instead a small volume of carefully researched investors. lesson learnt research hasn't paid in this sector. it's all about perception and who can sell the best story.
now there is only one story to sell, when the vanadium price moves the money will pile in here. We have seen the irrational rerates and volume AVL is prone too. the current EV is around 165m. and with another potential 40m in grants could possibly even argue an EV of 125m.
that grant is worth half our market cap alone. I can see why it sealed our fate!
hopefully now the WA gov can do what Queensland is doing and pump the hell out of vanadium and the combined project.
still think we got ripped off big time I am trying to look on the bright side of a very crap situation
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