AVL Chart, page-2594

I'm a holder of options only, as I wanted the leverage, my plan was to sell some of the holding into expiry to fund conversion, with the "expectation" the SP and options would be at higher levels than current.  Bottom line is I wanted to own as many AVL as possible at the end of the day.  In terms of the recent SP slide to my knowledge the AVL story has not changed, and the sector story has not only not changed, but continues to improve.

I saw a post the other day suggesting trading in AVLO would cease a couple of weeks prior to expiry date which is 31/12/2018.  Technically this is not true, according to the nabtrade desk (I called this morning) these will be available to trade right up to expiry, so that makes it Friday 28/12/2018.  As the lady explained the market depth at that stage may be pretty thin, which is maybe what the other poster I mentioned above was referring to.

I am waiting for the PFS release in early December before I make any changes to my plan, and wish everybody luck with their own.  I would also say to those that saw value in AVL as a compelling story in the vanadium sector to not be panicked out of your holdings prematurely.

The following images IMO are pretty ugly but AVL will IMO find a bottom ... big question for me is will a positive PFS release be the catalyst to turn things around?

Weekly chart

Daily chart

Options info