RE:RE:RE:RE:RE:Vital Metals signs rare earth oxide offtakeNick1969,
Very true as AVL track record on developing a mine that generates revenue speaks volumes on nothing occuring over the last 25 years. Unfortunately, they've got themselves to a very low share price and only way to pay themselves a salary or administrative costs is a public financing at rock bottome prices of .09 or .18 being the last two financing. This just makes the situaton worse with more share dilution. Lets face it back in 2011, AVL had 95 million shares outstanding and in 10 years this has gotten to 400 million shares mostly at rock bottom share price.
The company should of thought long and hard on this last placement and did a restructuring then financing would be easier to get at a higher share price. I can relate to succesess of many companies doing this and being a shareholder.
The problem being 3 million dollars does not really amount to anything to get a mine in operation. Just like you mentioned Nick getting more claims and resources to sell to other companies.
As mentioned, Kudos to those that took profits as this could be downtrend back to .10 to .15 cents if can't convince shareholders on a better business plan. Unfotunately, I've seen too many companies in similar situations get nowhere if don't merge or restructure their shares. No serious investor wants to have anythign to do with a company less than .25 cents.