Fact- Any good news like this very good PFS was going to be sold into due to horrendous market sentiment and options overhang.
I am a shareholder in both AVL and TMT and TMT got hammered PFS announcement day but then recovered big time.
Current market won't be conducive to a similar improvement now but make no mistake AVL has laid the foundations for growth.
I follow about 10 stocks and all of them are getting sold into on good news.
Vanadium price went from $10/lb to $33lb and vanadium stocks barely rose so a fall back to sustainable $15-20/lb should not be considered a negative....remember V price was $5/lb 18 months ago.
Speed to market does give TMT a head start though and that will be crucial in my opinion but the impending structural deficit of vanadium supply means that there is upside for all.
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Last
1.4¢ |
Change
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Mkt cap ! $129.4M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
67 | 29492532 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.4¢ | 3429220 | 13 |
View Market Depth
No. | Vol. | Price($) |
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20 | 3787523 | 0.018 |
8 | 2387728 | 0.017 |
8 | 2791875 | 0.016 |
11 | 2263500 | 0.015 |
2 | 500000 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.019 | 862281 | 2 |
0.020 | 404607 | 6 |
0.021 | 598625 | 6 |
0.022 | 1380000 | 5 |
0.023 | 2654010 | 7 |
Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
AVL (ASX) Chart |