AVL 6.67% 1.6¢ australian vanadium limited

WTF BFS?, page-32

  1. 201 Posts.
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    Well, the use of the word "Properly" refers to the "B" of BFS = BANKABLE!
    ie properly doesn't mean to the satisfaction of the shareholders or board it means to the even higher levels of scrutiny required by Banks and Commercial investors. That's how I understood it.
 
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