AVL 3.57% 1.5¢ australian vanadium limited

Ann: Options Underwriting, page-48

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  1. 1,980 Posts.
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    Post of the day.

    No, make that the post of the bloody year! You have succinctly articulated all that has got wrong.

    A few points bear repeating. So I'll repeat them.


    - The root of the problem IMO started with initially promising a PFS mid year, only to get a Scoping Study in Sept and then aligning the PFS to come in just before Option conversion. The PFS was not different to the SS, and in fact when you look at the component parts not much revenue is attributed to byproducts such as cobalt/copper etc...

    -The other key market jitter change IMO was the anticipated production start date shifting out from end 2020 to 2022 over the last year or so, as cemented in the PFS. Where AVL is at right now is that the production start date also now no longer accords with earlier statements (and what WinWin need which now puts into question that MOU)...

    I wasn't going to post anymore, but I honestly feel duped. I feel like I've been take for a ride by management, so forgive me if I sound bitter. Like others, I held when I should have sold. As always, the share-price was an indicator of deeper problems.

    How anyone could continue to trust management is beyond me.

    Oh well, the one positive to come out of this is that I have now paid my tuition fees to the ASX University. It's also given me a new found, and profound, respect for Technical Analysis.
 
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