Not necessarily pointing the finger at management entirely but the last cap raising should have gone to longer term investors. Here we are 6 months later raising money at less than half the previous cap raising price (taking into account options) and at a 12 month low when twelve months ago the vanadium bull market hadn’t even got started and we didn’t have any idea of the economics of the project. Surely it won’t be Pattos doing this raising
AVL has emerged in a much better position than TMT in the space of months despite delays and option overhang. TMT are ticking all the boxes except the only one that is important, creating shareholder value
TMT Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
