Not everyone posting negatively is down-ramping for nefarious purposes. Some of us have just stopped drinking the Kool-Aid. Ask yourself why so many former holders have taken such a jaundiced view of late.
From the capital raising announcement of 17 August 2017.
"Funds raised will assist the Company in advancing the project towards feasibility and approval. With rising demand for vanadium in steel and energy storage applications, AVL is well placed to advance off-take discussions with key market participants."
Oh dear...
It's a worthwhile exercise to have a read of the announcement and the comments that followed on the relevant HC thread. People can form their own conclusions.
https://hotcopper.com.au/threads/ann-capital-raising.3592404/#.XDIo5C1L00o
Ann: Expiry of Options and Appendix 3B, page-9
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