Ann: Trading Halt, page-69

I believe in vanadium theme, especially redox flow to complement other battery technologies to power the world sustainably.

I had the choice of investing in AVL and TMT. After careful considerations and due dilligence, AVLs SOI is exorbitantly high at this stage. Fully diluted including options is 2.2b shares on issue pre PFS.

TMTs SOI is tight and has been managed very well which will reward shareholders.

Its critical for a juniour exploration company to protect their capital structure early on.

What this means for AVL at this stage is for every 1 cent movement quantitatively equals $22m market cap increase or decrease without considering future dilution. At 10c they are looking at a a market cap of $220m give or take. At 4Billion SOI thats $400m market cap at 10c.

Similar vanadium project yet two very different capital structures.

I hope AVL TMT KRC can maximise the vanadium opportunity over the next few years