AVL 3.57% 1.4¢ australian vanadium limited

Vanadium stockpiles down 88 percent, page-4

  1. 1,940 Posts.
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    "I think this is why we have seen no interest from any Chinese or other interested parties in “potential” or greenfield Vanadium miners actually anywhere in the orld!!!. Nothing…… nada ………. zip !!!"

    Really?

    20/9/13: Bulk sample to be sent to China
    https://www.asx.com.au/asxpdf/20131024/pdf/42k8b9lkw35s91.pdf

    15/11/13: Ore sample despatched to China
    https://www.asx.com.au/asxpdf/20131118/pdf/42kxjz761pp6kr.pdf

    What was the outcome?

    But, wait, there is more...
    20/9/13: YRR (AVL former name) to attend Vanitec Meeting in Beijing and Meet with High Profile Steel Manufacturers
    https://www.asx.com.au/asxpdf/20130920/pdf/42jhbdl2zmkcsb.pdf

    9/10/13: YRR to Host 86th Vanitec Meeting in Perth (with companies meeting from China)
    https://www.asx.com.au/asxpdf/20131009/pdf/42jxl11vpwmcbh.pdf

    2/4/14: Vanitec Meeting a Success
    https://www.asx.com.au/asxpdf/20140404/pdf/42nty06r0v7kdj.pdf

    What was the outcome of all this activity?

    One outcome was AVL appointed a Marketing Consultant without, imo, any domain experience to open doors for AVL which seem to have previously been opened. And all for 20m shares without any link to performance nor escrow provisions.

    It is worth noting in 2013 and 2014 AR's, Les Ingraham was the senior Executive Director and was paid $220k and $258.3k.

    And Les is still here and still pulling in close to $200k.

    Imo, his position is untenable and serious questions need to be asked of this BoD.
 
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